Search Our Site:  
August 7, 2014

AUD/USD Daily forex post August 7, 2014

Posted by: ffs @ 03:33 GMT Category: AUD/USD,Daily Forex,Signals

AUD/USD Technical view

Updated:  August 7, 2014 3:33:20 GMT
SPOT AUD/USD Previous day OHLC
Open High Low Close Change
0.9298 0.9373 0.9289 0.9353 0.0051
Today's Support and Resistance
Resistance
Support
R3 0.9500
R2 0.9440
R1 0.9360
S1 0.9300
S2 0.9270
S3 0.9250

The Australian dollar settled with gains versus the US currency, after a volatile session. The pair looks to forming an inverted flag with the near term range at 0.9290- 0.9360. However, key supports are placed at 0.9250- 0.9270, which have to taken out before the Aussie heads to 0.9100- 0.9130. The upside for now should be capped around the 0.9360 mark

Trend direction

  • Short term: Bearish
  • Medium term: Bearish
  • Long term: Bullish

Trading Recommendations

  • Short:

    • Exit short trades initiated at 0.9350 AT THE MARKET * * Current market price- 0.9285

  • Long:

    • N/A
Post ID: 9767
Please Read This Warning

These signals are given free for educational purposes only. We do not suggest anyone use real money for foreign exchange trading online and we do not accept any kind of responsibility for loss or damage resulting if you choose to ignore this warning.

Get Signals By E-mail:
Markets Hours
 
Auckland Open
Sydney Open
Tokyo Open
Hong Kong Opening
Singapore Opening
Moscow Closed
Frankfurt Closed
Zurich Closed
London Closed
New York Closed
Chicago Closed
Vancouver Closed

BuyBer Candlestick Pattern Recognition indicator for MetaTrader platform

© 2005-2014 FreeForexSignal.com. All Rights Reserved. Terms & ConditionsPrivacy

Disclaimer:

Commodity futures trading commission forex, futures, and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex, futures, and options markets. Don't trade with money that you can't afford to lose. This is neither a soliciatation nor an offer to buy/sell forex futures or options. No representation is being made that any account will or is likely to acheive provides for losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Cftc rule 4.41:

Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.