Forex Analysis: 2012-04-24 14:14:48 UTC+00 2 years, 10 months, 1 week, 1 day, 8 hours, 52 min. ago
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.

Gerardo Porras Palomino is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please give your vote for this analyst.

Performed by
analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2015
 Published: 2012-04-24 14:14:48 UTC+00 2 years, 10 months, 1 week, 1 day, 8 hours, 52 min. ago

 
Recommend: Forex Analytics
 
Technical analysis and trading recommendations on EUR/USD & GBP/USD for...
2015-03-02 04:09:42 UTC+00 22 hours, 57 min. ago  
Betrachtet heute 1562
Daily analysis of major pairs for March 2, 2015
2015-03-02 06:36:55 UTC+00 20 hours, 30 min. ago  
Betrachtet heute 1286
Technical analysis of EUR/JPY for March 02, 2015
2015-03-02 07:59:25 UTC+00 19 hours, 7 min. ago  
Betrachtet heute 1346
Technical analysis of Gold for March 02, 2015
2015-03-02 06:59:11 UTC+00 20 hours, 7 min. ago  
Betrachtet heute 1154
Technical analysis of GBP/CHF for March 02, 2015
2015-03-02 07:42:42 UTC+00 19 hours, 24 min. ago  
Betrachtet heute 1151