Day trade
Trade view / 08 February 2018 at 6:59 GMT

Negative sentiment to continue for AUDUSD

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: AUDUSD
Price target: 0.7753
Market price: 0.7825

Against a background of bearish daily and weekly signals for sentiment, Tuesday’s profit taking rally was overturned on Wednesday. A renewal of selling pressure, and a seventh down day from the last eight, took AUDUSD to a test of this year’s lows. They were not breached as the market stalled at the 50-day moving average. But although that point may encourage a positive recoil, immediate technical studies are clearly negative with potential through the 100/200-day averages.

Management and risk description

A move through 0.7803 means the stop can be lowered to break even.


Entry: sell in 0.7835/40 area and at 0.7864.

Stop: 0.7907 bid.

Target: 0.7803, 0.7772 and 0.7753.

Time horizon: intraday, closing 1600 GMT.

Selling to averages
Selling to Averages

Long term
Long Term
Source: all charts CQG. Create your own charts with SaxoTrader; click here to learn more 

– Edited by Gayle Bryant

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A compiled overview of Trade Views provided on is found here
08 February
AlanCollins AlanCollins
Would now look to reduce shorts at current .7806/08 levels with the stop brought down to break even
08 February
Cesime Cesime
Good 1 Alan


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