AUD/USD: technical analysis 12 February 2019, 10:48
AUD/USD: technical analysis
12 February 2019, 10:48
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL |
| Entry Point | 0.7075 |
| Take Profit | 0.7020 |
| Stop Loss | 0.7110 |
| Key Levels | 0.6968, 0.7016, 0.7053, 0.7075, 0.7105, 0.7137, 0.7170, 0.7193, 0.7209 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.7140 |
| Take Profit | 0.7190 |
| Stop Loss | 0.7110 |
| Key Levels | 0.6968, 0.7016, 0.7053, 0.7075, 0.7105, 0.7137, 0.7170, 0.7193, 0.7209 |
AUD/USD, D1
On the D1 chart, there is correction of the downtrend; the pair is trading near the lower line of Bollinger Bands, the price range is widened, which indicates a possible resumption of the decline. MACD histogram is in the negative area and gradually increases its volumes. Stochastic crossed the border of the oversold zone from above; the oscillator lines are reversing, forming a signal to open long positions.
AUD/USD, H4
On the H4 chart, the pair is moving in a lateral channel formed by the center and lower boundaries of Bollinger Bands; the price range is narrowed. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is in the neutral area, and the lines of the oscillator are directed upwards.
Key levels
Resistance levels: 0.7105, 0.7137, 0.7170, 0.7193, 0.7209.
Support levels: 0.7075, 0.7053, 0.7016, 0.6968.
Trading tips
Short positions may be opened from the current level with target at 0.7020 and stop loss at 0.7110.
Long positions may be opened from the level of 0.7140 with target at 0.7190. Stop loss — 0.7110.
Implementation time: 1-3 days.
On the D1 chart, there is correction of the downtrend; the pair is trading near the lower line of Bollinger Bands, the price range is widened, which indicates a possible resumption of the decline. MACD histogram is in the negative area and gradually increases its volumes. Stochastic crossed the border of the oversold zone from above; the oscillator lines are reversing, forming a signal to open long positions.
AUD/USD, H4
On the H4 chart, the pair is moving in a lateral channel formed by the center and lower boundaries of Bollinger Bands; the price range is narrowed. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is in the neutral area, and the lines of the oscillator are directed upwards.
Key levels
Resistance levels: 0.7105, 0.7137, 0.7170, 0.7193, 0.7209.
Support levels: 0.7075, 0.7053, 0.7016, 0.6968.
Trading tips
Short positions may be opened from the current level with target at 0.7020 and stop loss at 0.7110.
Long positions may be opened from the level of 0.7140 with target at 0.7190. Stop loss — 0.7110.
Implementation time: 1-3 days.
Post a Comment