AUD/USD: Weekly and monthly pivot point and signal for August 12 – 17, 2013
August 12, 2013 4:45 pm
Last week, the Australian dollar had a recovery of 350 points, from a low of 0.8841, as noted in the previous analysis, that there was located the first monthly support. Achieving this level is a great recovery, and was driven up to more as the central bank of Australia, decided to lower the interest rate to 2.50%, with the possibility of further cuts in the future. Now we think this pair must have at least a correction to the first weekly support of 0.9087 with targets at 0.9326. We believe that the following signal will be valid for this week.
Signal for August 12 – 17, 2013
Buy if rebound is around 0.9087 (W_PV) with take profit at 0.9326 (W_R1) and stop loss below 0.90.
_____MONTHLY____ Monthly – R3 = 0.9600 Monthly – R2 = 0.9458 Monthly – R1 = 0.92.20 Monthly Pivot = 0.9078 Monthly – S1 = 0.8840 Monthly – S2 = 0.8698 Monthly – S3 = 0.8460 If you would like to get this indicator, feel free to contact me via skype: gerardofx or e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
Last week, the Australian dollar had a recovery of 350 points, from a low of 0.8841, as noted in the previous analysis, that there was located the first monthly support. Achieving this level is a great recovery, and was driven up to more as the central bank of Australia, decided to lower the interest rate to 2.50%, with the possibility of further cuts in the future. Now we think this pair must have at least a correction to the first weekly support of 0.9087 with targets at 0.9326. We believe that the following signal will be valid for this week.
Signal for August 12 – 17, 2013
Buy if rebound is around 0.9087 (W_PV) with take profit at 0.9326 (W_R1) and stop loss below 0.90.
_____WEEKLY_____
Weekly – R3 = 0.9693
Weekly – R2 = 0.9454
Weekly – R1 = 0.9326
Weekly Pivot = 0.9087
Weekly – S1 = 0.8959
Weekly – S2 = 0.8720
Weekly – S3 = 0.8592
_____MONTHLY____
Monthly – R3 = 0.9600
Monthly – R2 = 0.9458
Monthly – R1 = 0.92.20
Monthly Pivot = 0.9078
Monthly – S1 = 0.8840
Monthly – S2 = 0.8698
Monthly – S3 = 0.8460
If you would like to get this indicator, feel free to contact me via skype: gerardofx or e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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