daily review
Sell AUD/USD
Daily Recommendation04/10/2010
Sell AUD/USD
Sell AUD/USD @ 0.9685
SL @ 0.9750
TP1 @ 0.9650
TP2 @ 0.9610
TP3 @ 0.9560
When analyzing the forex trading pair on daily chart ,we can see that the pair had strengthen during the last 2 weeks without any major correction.
The long trend is up however we should expect some correction (retracement) and the following levels offer these terms.
Last price: 0.9683
Buy EUR/GBP
Daily Recommendation 27/09/2010
Buy EUR/GBP
Buy EUR/GBP @ 0.8510
SL @ 0.8380
TP1 @ 0.8560
TP2 @ 0.8630
TP3 @ 0.8720
According to the daily chart, the pair has performed a pennant which signals for a long position.
The MACD that the break will probably occur.
All Forex Trading analysis is based on the daily chart.
Last price: 0.8510
Sell EUR/AUD
Sell EUR/AUD @ 1.3845
SL@ 1.3920
TP1@ 1.3790
TP2@ 1.3750
According the 1 hour and 45 hour chat, the pair is continuing its downward trend, performing lower highs and lower lows.
All Forex Trading analysis is based on the 1 hour and 4 hour charts.
Last price: 1.3845
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