FORECAST BY MARIUS GHISEA (MAY 11-15)

According to the daily chart, AUD/USD is still in uptrend as long as the price is above EMA 55. If the price breaks the range bellow 0.7780 level, will be a retracement. Also the MACD indicator confirms the possibility of a retracement in the next period.

AUDUSD-page-001

The H4 chart indicates that AUD/USD  is in a strong range. This pair will be in downtrend, if the price falls bellow EMA200. The entry point for this pair might be at 0.7820 level . Correlated with the daily chart, the price can go lower than 0.7780 level.

AUDh4ours-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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