Condizioni di trading
Strumenti
AUD/USD is developing wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C subwaves (colored royal blue in the chart), and subwave C is developing from 1.0117. Within the latter wave C there are 5 subwaves (colored orange red in the chart) with subwave 5 still developing from 1.0365. The targets above the current price are Fibonacci expansions off 0.9387-1.0371-1.0117, 1.0117-1.0353-1.0146, 1.0146-1.0298-1.0163, 1.0163-1.0424-1.0365.
Resistances:
- 1.0526-28 = confluence area of contracted objective point (COP) and expanded objective point (XOP)
- 1.0561 = super expanded objective point (SXOP)
- 1.0626 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 1.0146-1.0500.
Supports:
- 1.0365 = .382 retracement
- 1.0323 = .50 ret
- 1.0281 = .618 ret
Overbought/Oversold
Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (current prices) or gets into the oversold area (10-20 pips below the current prices).
Read more on how to apply Fibonacci studies to calculate price targets.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
