Forex Strategy: AUD/USD Dark Cloud Covering Warning of Declines

| 18 februari, 2014 | 0 kommentarer

To receive David’sanalysis directly via email, please sign up here

Talking Points

  • AUD/USD Technical Strategy: Dark Cloud Cover hinting at declines
  • Sellers once again emerged just shy of the 0.9085 level
  • Immediate target for a decline is nearby support at 0.8920

The Aussie has once again encountered selling pressure at the 0.9065 level that continues to restrain gains for the unit. A Dark Cloud Cover candlestick pattern may be providing an ominous signal that a more meaningful decline is about to play out. Traders will likely be eyeing the 0.8920 level as a potential point of support for the AUD/USD.

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_AUDUSD_Short_Pending_On_Evening_Star_Confirmation_body_Picture_1.png, Forex Strategy: AUD/USD Short Pending On Evening Star Confirmation

Four Hour Chart – Created Using FXCM Marketscope 2.0

— Written by David de Ferranti, Market Analyst, FXCM

Contact and follow David on Twitter: @Davidde


For live market updates, visit the Real Time News Feed

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *