Analysis of AUDUSD 23.04.2018

Analysis of AUDUSD 23.04.2018

Written by: PaxForex analytics dept - Monday, 23 April 2018 0 comments
The price is below the moving average 20 MA and 200 MA, indicating the downward trend. 
Average in the MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.7640
• Take Profit Level: 0.7540 (100 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.7700
• Take Profit Level: 0.7750 (50 pips)

GOLD
Possible short position at the breakdown level 1328.00

GBPUSD
Possible short position at the breakdown level 1.3970
 
EURUSD 
Possible short position at the breakdown level 1.2230

USDJPY
Possible long position at the breakdown level 108.10