namrata.yadav Posted July 21, 2011 Report Posted July 21, 2011 AUD/USD: technical analysis The pair continued its uptrend and the price rose to level 1.0780/70, which turned out to be a strong barrier for the bulls, so trading retraced backwards and it's now carried out at 1.0720/10. No significant changes took place, so the outlook is rather unclear - 1.0780/70 resistance breakout will determine further bullish trend aimed at testing 1.1000 maximum level. 1.0530/50 support breakout, on the other hand, will be a signal for decline towards 1.0400, and then to 1.0280/1.0300 levels. As for the indicators, their readings seem to be prefer growth as a higher possibility. Forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Quote
bulastika Posted August 14, 2011 Report Posted August 14, 2011 Its really helpful to do analysis first before trading. Its not really accurate as value change either way in a minute. But at least you can have some view on where the funds is going. Quote
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