AUD/USD: Weekly and monthly pivot point and signal – for June 17 – 22, 2013
June 17, 2013 4:15 pm
Last week the Australian dollar recovered from the downward pressure that led up to the minimum of 0.9324. However, at the moment it is trading at 0.9585. We believe that this pair must fall at least to the area of 0.9270 (there lies the first holder monthly) to cover the gap in 2010, and hence we expect the pair consolidates above 0.9181, the second weekly support. Given that in this time the pair loses speed and is showing signs of decline. It is likely that weekly pivot point is a bounce upward to 0.9713 level. On the other hand, a close below the W_PPV will be the beginning of a string bassist with objectives to the minimum of 0.9324 and further down to 0.9181 W_S2. Therefore, we believe that the next signal will be valid for this week.
Signal for June 17 – 22, 2013
Buy long around 0.9519 with take profit at 0.9713 (W_S1) and stop loss below 0.9480.
Sell if it closes daily chart below 0.9510 with take profits at 0.9375 and 0.9181 ( W_S2) and stop loss is above 0.9570.
_____MONTHLY____ Monthly – R3 = 1.0978 Monthly – R2 = 1.0679 Monthly – R1 = 1.0125 Monthly Pivot = 0.9826 Monthly – S1 = 0.9272 Monthly – S2 = 0.8973 Monthly – S3 = 0.8419 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 recovered from the downward pressure that led up to the minimum of 0.9324. However, at the moment it is trading at 0.9585. We believe that this pair must fall at least to the area of 0.9270 (there lies the first holder monthly) to cover the gap in 2010, and hence we expect the pair consolidates above 0.9181, the second weekly support. Given that in this time the pair loses speed and is showing signs of decline. It is likely that weekly pivot point is a bounce upward to 0.9713 level. On the other hand, a close below the W_PPV will be the beginning of a string bassist with objectives to the minimum of 0.9324 and further down to 0.9181 W_S2. Therefore, we believe that the next signal will be valid for this week.
Signal for June 17 – 22, 2013
Buy long around 0.9519 with take profit at 0.9713 (W_S1) and stop loss below 0.9480.
Sell if it closes daily chart below 0.9510 with take profits at 0.9375 and 0.9181 ( W_S2) and stop loss is above 0.9570.
_____WEEKLY_____
Weekly – R3 = 1.0051
Weekly – R2 = 0.9857
Weekly – R1 = 0.9713
Weekly Pivot = 0.9519
Weekly – S1 = 0.9375
Weekly – S2 = 0.9181
Weekly – S3 = 0.9037
_____MONTHLY____
Monthly – R3 = 1.0978
Monthly – R2 = 1.0679
Monthly – R1 = 1.0125
Monthly Pivot = 0.9826
Monthly – S1 = 0.9272
Monthly – S2 = 0.8973
Monthly – S3 = 0.8419
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
Related Posts: