Forex Analysis: 24 Apr 2012, 12:14 UTC+00

AUD/USD Bullish Outlook for April 24, 2012 (Daily Strategy)

2015-02-19-EURNZD-4H.png

Show full picture

Technical summary:

We have seen the expected test of minor resistance at 1.5210 (the high was seen at 1.5209). We will now look for the final decline closer to support at 1.5000 before the correction from 1.5821 finally is over and a new impulsive rally can be expected. The short-term resistance at 1.5209 will protect the upside from a break below minor support at 1.5078, thus confirming the final decline towards 1.5000. It will also set the stage for a new impulsive rally high. Only an unexpected rally past 1.5209 will indicate that a bottom could already be in place.

Trading recommendation:

We will buy the euro near 1.5000 or upon a break above 1.5210.


Performed by
analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2017
 Published: 24 Apr 2012, 12:14 UTC+00

 
Recommend: Forex Analytics
 
Elliott wave analysis of EUR/JPY for February 22, 2017
22 Feb 2017, 09:46 UTC+00   
Betrachtet heute 2484
Technical analysis of gold for February 22, 2017
22 Feb 2017, 13:05 UTC+00   
Betrachtet heute 2385
Technical analysis of EUR/USD for Feb 22, 2017
22 Feb 2017, 06:47 UTC+00   
Betrachtet heute 2305
Global macro overview for 22/02/2017
22 Feb 2017, 14:04 UTC+00   
Betrachtet heute 2291
Technical analysis of USDX for February 22, 2017
22 Feb 2017, 13:13 UTC+00   
Betrachtet heute 2265