Forex Analysis by Marius G. (July 28-August 1)

AUD/USD  Forecast

Author: Ghisea Marius 

AUD/USD Weekly Chart

AUDUSDWeekly-page-001

The weekly chart clarifies the long-term trend for this parity. For this week, stochastic oscillator indicates the end of the downtrend. That means, the uptrend will start. The trend for this week is relevant on the daily chart.

AUD/USD Daily Chart

AUDUSDDaily-page-001

The price action for AUD/USD is now at Fibo 38 on the daily chart. Even if the price goes down in short term, will be uptrend in long term. The confirmation of entry in the market is at 0,9450 level for uptrend. At this price will be formed a new pattern up to 0,9650 where is Fibo 50.

 

 

About author:

Ghisea Marius  – fund manager and an advisor for institutional and individual investors. 10 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Ghisea Marius Facebook group

 

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