AUD/USD: technical analysis
22 January 2019, 10:32
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL |
| Entry Point | 0.7122 |
| Take Profit | 0.7078 |
| Stop Loss | 0.7150 |
| Key Levels | 0.6978, 0.7016, 0.7078, 0.7106, 0.7116, 0.7146, 0.7165, 0.7181, 0.7205, 0.7224, 0.7235 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.7165 |
| Take Profit | 0.7220 |
| Stop Loss | 0.7135 |
| Key Levels | 0.6978, 0.7016, 0.7078, 0.7106, 0.7116, 0.7146, 0.7165, 0.7181, 0.7205, 0.7224, 0.7235 |
AUD/USD, D1
On the D1 chart the pair is moving in a lateral channel formed by the top and center lines of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal. The signal line is about to cross the zero level from below, and then a signal to open long positions will be formed. Stochastic is about to cross the oversold area border from above.
AUD/USD, H4
On the H4 chart, the instrument is declining along the lower line of Bollinger Bands; the price range is widened, which indicates a possible continuation of the downtrend in the short term. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is moving horizontally along the border with the oversold area.
Key levels
Resistance levels: 0.7146, 0.7165, 0.7181, 0.7205, 0.7224, 0.7235.
Support levels: 0.7116, 0.7106, 0.7078, 0.7016, 0.6978.
Trading tips
Short positions may be opened from the current level with target at 0.7078 and stop loss at 0.7150.
Long positions may be opened from the level of 0.7165 with target at 0.7220. Stop loss — 0.7135.
Implementation time: 1-3 days.
On the D1 chart the pair is moving in a lateral channel formed by the top and center lines of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal. The signal line is about to cross the zero level from below, and then a signal to open long positions will be formed. Stochastic is about to cross the oversold area border from above.
AUD/USD, H4
On the H4 chart, the instrument is declining along the lower line of Bollinger Bands; the price range is widened, which indicates a possible continuation of the downtrend in the short term. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is moving horizontally along the border with the oversold area.
Key levels
Resistance levels: 0.7146, 0.7165, 0.7181, 0.7205, 0.7224, 0.7235.
Support levels: 0.7116, 0.7106, 0.7078, 0.7016, 0.6978.
Trading tips
Short positions may be opened from the current level with target at 0.7078 and stop loss at 0.7150.
Long positions may be opened from the level of 0.7165 with target at 0.7220. Stop loss — 0.7135.
Implementation time: 1-3 days.
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