AUD/USD: weekly and monthly pivot point and signal for July 01 – 06, 2013
July 2, 2013 7:00 am
The Australian dollar is recovering from the downward pressure last week. The fact that now it faces weekly pivot of 0.9198 means that the pair may recover from the downward pressure, therefore, a daily close above 0.9200 will be the beginning of a new upward sequence, at least until the second weekly resistance of 0.9430. At a fundamental level, this pair is linked to an ounce of gold, although many traders speculate a fall to the level of 1140 dollars an ounce. It is only a matter of time before it affects commodity in Aussie price. Although this pair has not yet arrived in the area of 0.90, those who have short positions, aim for this area. Therefore, buy this pair only if it is above 0.92. Thus, we believe that the following signal will be valid this week.
Signal for July 01 – 06, 2013
Buy if it closes daily charts above 0.9198 with take profit at 0.9285 and 0.9430 (W_R2) and stop loss bellow 0.9200.
_____MONTHLY____ Monthly – R3 = 1.0262 Monthly – R2 = 1.0026 Monthly – R1 = 0.9583 Monthly Pivot = 0.9347 Monthly – S1 = 0.8904 Monthly – S2 = 0.8668 Monthly – S3 = 0.8225 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 recovering from the downward pressure last week. The fact that now it faces weekly pivot of 0.9198 means that the pair may recover from the downward pressure, therefore, a daily close above 0.9200 will be the beginning of a new upward sequence, at least until the second weekly resistance of 0.9430. At a fundamental level, this pair is linked to an ounce of gold, although many traders speculate a fall to the level of 1140 dollars an ounce. It is only a matter of time before it affects commodity in Aussie price. Although this pair has not yet arrived in the area of 0.90, those who have short positions, aim for this area. Therefore, buy this pair only if it is above 0.92. Thus, we believe that the following signal will be valid this week.
Signal for July 01 – 06, 2013
Buy if it closes daily charts above 0.9198 with take profit at 0.9285 and 0.9430 (W_R2) and stop loss bellow 0.9200.
_____WEEKLY_____
Weekly – R3 = 0.9517
Weekly – R2 = 0.9430
Weekly – R1 = 0.9285
Weekly Pivot = 0.9198
Weekly – S1 = 0.9053
Weekly – S2 = 0.8966
Weekly – S3 = 0.8821
_____MONTHLY____
Monthly – R3 = 1.0262
Monthly – R2 = 1.0026
Monthly – R1 = 0.9583
Monthly Pivot = 0.9347
Monthly – S1 = 0.8904
Monthly – S2 = 0.8668
Monthly – S3 = 0.8225
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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