AUD/USD: Weekly and monthly pivot point and signal for August 5-10, 2013
August 6, 2013 9:45 am
The Australian dollar is trading around the area of the first month support at 0.8840, please take a look at the chart, now this level acts as support, and break of it stretches the losses of the Aussie in the medium term to the area of 0.8698 (M_S2). During this week there very relevant data for the economy of Australia will be known. It is recommended to buy at current price levels above 0.8840 with targets at the level of 0.9078. We believe that the following signal will be valid for this week.
Signal for July August 05 – 10, 2013
Buy Now above 0.8840 (M_S1) or if it closes above 0.8905, with take profit at 0.9020 and 0.9169 (W_R1) and stop loss below 0.84.
_____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
The Australian dollar is trading around the area of the first month support at 0.8840, please take a look at the chart, now this level acts as support, and break of it stretches the losses of the Aussie in the medium term to the area of 0.8698 (M_S2). During this week there very relevant data for the economy of Australia will be known. It is recommended to buy at current price levels above 0.8840 with targets at the level of 0.9078. We believe that the following signal will be valid for this week.
Signal for July August 05 – 10, 2013
Buy Now above 0.8840 (M_S1) or if it closes above 0.8905, with take profit at 0.9020 and 0.9169 (W_R1) and stop loss below 0.84.
_____WEEKLY_____
Weekly – R3 = 0.9585
Weekly – R2 = 0.9436
Weekly – R1 = 0.9169
Weekly Pivot = 0.9020
Weekly – S1 = 0.8753
Weekly – S2 = 0.8604
Weekly – S3 = 0.8337
_____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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