The Australian dollar is a few pips below the weekly pivot (1.0398) and above the Moving Average of 200 periods (blue). If the Aussie is above the weekly pivot, there will be a bullish signal for the pair. You can buy above 1.0398. A closure lower than the test level of 1.0328 will be a sign of the pair's continuation of negative momentum. In this case, it is possible to consider entering a new short position. Therefore, we consider the following signal will have validity for all this week.
1.0398 and 1.0312 are weekly and monthly pivot points for this week for AUD/USD.
Signals for November 12 - 17, 2012
Buy long if it closes above weekly pivot at 1.0398 with take profit at 1.0464 and 1.0545, stop loss is bellow EMA 200(blue).
Buy if it rebounds around 1.0318 (W_S1) with take profit at 1.0398 and 1.0464, stop loss is bellow EMA 200 (blue).
_____WEEKLY_____
Weekly - R3 = 1.0612
Weekly - R2 = 1.0545
Weekly - R1 = 1.0464
Weekly Pivot = 1.0398
Weekly - S1 = 1.0318
Weekly - S2 = 1.0251
Weekly - S3 = 1.0171
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_____MONTHLY____
Monthly - R3 = 1.0735
Monthly - R2 = 1.0573
Monthly - R1 = 1.0474
Monthly Pivot = 1.0312
Monthly - S1 = 1.0213
Monthly - S2 = 1.0051
Monthly - S3 = 0.9952
The material has been provided by Instaforex Company - instaforex.com
For detail explanation and best discovery on market trends you may visit via AUD/USD - Weekly and Monthly Pivot Points and Signals, For November 12 - 17, 2012 . Thanks for your support on AUD/USD - Weekly and Monthly Pivot Points and Signals, For November 12 - 17, 2012
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