empty
 
 
16.07.2012 11:24 AM
AUD/USD - Weekly and Monthly Pivot Points for July 16 - 20, 2012

 

The pivot point is used as support and resistance at the same time; it is the first level that we observe. For this week the pivot points (weekly and monthly) for AUD/USD are: 1.0201 weekly; 1.0026 monthly
The Australian dollar is located above the pivot weekly and bellow the Moving Average of 200 periods (blue).
Therefore, the pivot points show the following:
1) If the price in September is broken by the pivot point in an upward motion, the market is bullish and, conversely, if the pivot point is broken in a downward motion, the market is bearish.
2) They can provide points of market entry and exit which can be removed that is useful for trading strategy. For example, a sell limit order can be placed on a level support for opening if this support is broken and can put the stop loss for this order in one of the resistances.


Signal For 16 - 20 July
Buy long 1.0201 with Take Profit at 1.0380 and with the Stop Loss at 1.0100 or buy rebound 1.0125 with Take Profit at 1.0380.

 

_____WEEKLY_____
Weekly - R3 = 1.0448
Weekly - R2 = 1.0382
Weekly - R1 = 1.0303
Weekly Pivot = 1.0201
Weekly - S1 = 1.0122
Weekly - S2 = 1.0020
Weekly - S3 = 0.9941

This image is no longer relevant

 

_____MONTHLY____
Monthly - R3 = 1.1148
Monthly - R2 = 1.0702
Monthly - R1 = 1.0472
Monthly Pivot = 1.0026
Monthly - S1 = 0.9796
Monthly - S2 = 0.9350
Monthly - S3 = 0.9120 

This image is no longer relevant

If you would like to get this indicator, feel free to adress me via e-mail: [email protected]

If you like my technical analysis, please vote for me by clicking here!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback