3cAnalysis - SPOT AUDUSD - trend signals weak, but bearish bias

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3cAnalysis

Steve Lucas

SPOT AUDUSD - trend signals weak, but bearish bias

Yesterday’s signals pointed to buying AUDUSD on the dip at .7910. While this was close to the European low, the bounce has been limited and with losses in New York posting a down day. Prices have been oscillating around their 13 day average rate so trend signals are not strong. There is a bearish bias though, so with this in mind the outlook for Wednesday is to sell on the open and then at .7912, today’s high with a stop loss at .7940, yesterday’s opening trade. Targets are to .7869, Friday’s low, .7807/16, last week’s low trades and .7786, the 5 week base.

23/08/2017 9 EN

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3cAnalysis

3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

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Steve Lucas

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Steve Lucas

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SPOT AUDUSD - trend signals weak, but bearish bias

Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy

WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

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