empty
 
 
06.05.2015 01:19 PM
Technical analysis of AUD/USD for May 6, 2015
This image is no longer relevant

Overview:

  • The AUD/USD pair rose from the level of 0.7934 extending further to as high as 0.7980 right now. The price has been staying above the ratio of 50% Fibonacci retracement levels since last week. Besides, the price has formed a strong support level at 0.7934, but a minor resistance is placed at 0.7970. Futhermore, this strong level has been still traded between 50% of Fibonacci retracement levels and the double top at the price of 0.8075 on the H4 chart. So, the market will probably start showing the signs of bullish market again in order to indicate a bullish opportunity from the level of 0.7970 with targets towards the strong resistance around 0.8042.
  • At the same time, the last bullish wave is at the double top at 0.8075. Meanwhile, bulls were forced to pull back below the level of this area; therefore, this level will form strong resistance with a view to indicate a bearish opportunity below the resistance (0.8075). Nevertheless, if the trend closes below the level of 0.8042, the market will call for downtrend to continue bearish trend towards the daily pivot point at 0.7763.
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback