Day trade
Trade view / 23 June 2016 at 7:12 GMT

AUDUSD - higher lows above 50% Fibonacci point signals higher

partner and technical analyst / 3 c analysis
United Kingdom
Price target:
Market price:

Bullish signals on the week have been confirmed, investors are continuing to buy the dip after sentiment rallied Wednesday by ¾ Big Fig on. Prices have recovered more than 50% of the Apr-May losses and with no sign that demand to buy into any weakness is ending. But with intraday sentiment overbought, signals remain positive.

Management and risk description

Allow room to buy the dip and raise stop to entry if the first target is met.


Entry: market and 0.7505

Stop: 0.7474, yesterday's Marabuzo line

Target: 0.7575 and .7604, the last 7 week open.

Time horizon: today only

 Charts: CQG

AUDUSD 4 Hourly - pullback to gains
 Charts: CQG

AUDUSD Weekly - 50% recovery
  Charts: CQG

AUDUSD Quarterly - 7 year lows
  Charts: CQG

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more


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