AUD/USD: wave analysis on 04/05/2017
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The trend is downward.
The downward correction as a wave ii of 3 of the highest level, within which the wave (c) of ii is developing, is forming. Locally the formation of the fifth wave v of (c), shaped as a diagonal, is ending. If the assumption is correct, the pair will lower to the level of 0.7375. The level of 0.7455 is critical for this scenario.
Trading scenario
Sell the pair from the correction below the level of 0.7455 with the target at 0.7375.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.7455 will let the pair to grow to the level of 0.7557.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The trend is downward.
The downward correction as a wave ii of 3 of the highest level, within which the wave (c) of ii is developing, is forming. Locally the formation of the fifth wave v of (c), shaped as a diagonal, is ending. If the assumption is correct, the pair will lower to the level of 0.7375. The level of 0.7455 is critical for this scenario.
Trading scenario
Sell the pair from the correction below the level of 0.7455 with the target at 0.7375.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.7455 will let the pair to grow to the level of 0.7557.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.