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

Rate this post:
(No Ratings Yet)
Loading...

  Recommended by ProfitF

Forex Broker | Binary Broker | ForexVPS | FX-Signals | BO-signals

FBS-profitF

Improve Your Trading Skills - Don't miss our new posts!

---