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Daily Trading Forecasts (April 22, 2013) by Azeez Mustatapha
The JPY pairs were able to maintain their bullish outlook last week. This week, the bullish outlook is expected to continue, but it is
unlikely the pairs would go beyond their monthly highs. &n ... Read more
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With heavy hearts towards the brave citizens of Boston, the stock market charges back by Matt Zivich
IBM dragged the Dow on Thursday after hours, along with Microsoft and Google. During Friday's trading, the Dow was down as much as 90
points--even as the FAA is starting to possibly furlough flights u ... Read more
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Daily Trading Forecasts (April 17, 2013) by Azeez Mustatapha
The JPY pairs have quickly recovered the losses they saw on Monday. Now the question is: would these pairs reach their respective
last week’s highs? This may not be likely in this week.&n ... Read more
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Daily Trading Forecasts (April 16, 2013) by Azeez Mustatapha
The price behavior that was seen on Monday shows that we may reasonably expect significant market movements this week. Right now, the
markets are at critical price levels. &nb ... Read more
Georgia Anderson's Financial News Network Blog
AUDUSD Weekly & Monthly Pivots by Instaforex
Posted by: megaforexfx
Hi María here. I am glad you are here starting a new week hope it will be great.
Do you know?
7 protection stages of InstaForex Company guarantee a full safety of our clients funds. More about Instaforex www.fx-megaforex.com
AUDUSD
The pivot point (PPV) is a support/resistance level. It takes into account the largest price movement that can take place in a particular price. The pivot points are used in many ways, but generally they serve to determine the overall market trend and to identify the levels of entry and exit.
The charts of the weekly and monthly pivots can be used as a plan for trading on Forex as they help to identify the possible points of entry and exit. You can use this tool with other indicators you prefer.
You can copy or save the weekly pivot levels for easy reference. You will be given a notification beforehand concerning the market fluctuations as a rebound of the market or change of a trend.
If you have a trading strategy system, you can use the levels of pivots to define the level for Take profit and Stop Loss orders.
BUY-deals are recommended at (S2) Support level 2; SELL-deals are recommended at (R_2) resistance level 2 and Take profit on the pivot point.
_____WEEKLY_____
Weekly - R3 = 1.1134
Weekly - R2 = 1.0964
Weekly - R1 = 1.0866
Weekly Pivot = 1.0696
Weekly - S1 = 1.0598
Weekly - S2 = 1.0428
Weekly - S3 = 1.0330
_____MONTHLY____
Monthly - R3 = 1.1364
Monthly - R2 = 1.1026
Monthly - R1 = 1.0822
Monthly Pivot = 1.0484
Monthly - S1 = 1.0280
Monthly - S2 = 0.9942
Monthly - S3 = 0.9738
Have a great day!
María
Smart solutions for your professional trading.
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Trades or trade recommendations made on this site have not been made by Georgia Anderson.
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