Serving Traders Since 2005
Serving Traders Since 2005
|
|
|
|||||||
| Technical Analysis Provide and discuss the technical analysis of the Forex market. |
 |
|
|
LinkBack | Thread Tools | Display Modes |
23rd September 2009, 07:40
|
||||
|
||||
AUD\USD Channel - Easy 50 Pips
Channel Chart Pattern has formed at the AUD\USD pair - 48 pips in size. Lately, price seems to be losing momentum, about to break the support level of the channel. The channel was formed near strong resistance at 0.8800 which is a strong round level with high potential of stopping the uptrend.
Trading: Enter Short at breakout of Support and pullback to the level. Target is 48 pips from the Support level. Analysis Source: http://www.chartsecret.com/content/a...hannel-50-pips 
|
|
24th September 2009, 08:51
|
||||
|
||||
|
The first line of support at 0.8680 has given way, and so the focus now shifts to the more technically structural levels down near the 0.8480. The AUD/USD will likely remain a slave to the moves in equity indices, and possibly also gold.
|
|
| Bookmarks |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| EUR\USD Double Top - Easy 110 Pips | ChartSecret | Technical Analysis | 0 | 25th September 2009 06:47 |
| 190 Pips Channel at USD\JPY | ChartSecret | Technical Analysis | 0 | 29th July 2009 15:36 |
| 120 pips Channel - EUR\AUD | ChartSecret | Technical Analysis | 0 | 24th July 2009 08:29 |
| Channel Pattern | EUR\CAD | ChartSecret | Technical Analysis | 0 | 23rd July 2009 06:38 |
| Channel Pattern - 130 pips | EUR\GBP | ChartSecret | Technical Analysis | 1 | 21st July 2009 06:48 |
Linear Mode
