Forex4you - Analytics

    Forex4you

    536.00 7.00/10
    60% of positive reviews
    Real

    Technical analysis for the AUDUSD on 19.05.2015

    The AUDUSD: corrective decline has reached the ascending trend line at 0.7975

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.8100

    Min. 0.7885

    audusd9

    Four-day correction in the Australian dollar has halted around the ascending trend line of 0.7975. The price breached tough support at 0.8010.

    Volume divergence is pretty strong. Bears are gradually loosing their potential. Besides, the Reserve Bank of Australia meeting minutes, released at 04.30 today, produced no effect on the market.

    Rebound up from the ascending trend line of 0.7975, followed by the reversal up is probable. The closest growth targets are situated at 0.8060, 0.8100.

    Alternative scenario: correction to the downside will continue, of price breaks the 0.7975 ascending trend line.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The AUDUSD: corrective decline has reached the ascending trend line at 0.7975

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.8100

    Min. 0.7885

    audusd9

    Four-day correction in the Australian dollar has halted around the ascending trend line of 0.7975. The price breached tough support at 0.8010.

    Volume divergence is pretty strong. Bears are gradually loosing their potential. Besides, the Reserve Bank of Australia meeting minutes, released at 04.30 today, produced no effect on the market.

    Rebound up from the ascending trend line of 0.7975, followed by the reversal up is probable. The closest growth targets are situated at 0.8060, 0.8100.

    Alternative scenario: correction to the downside will continue, of price breaks the 0.7975 ascending trend line.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree