Forex4you Technical Analysis 17 June 2011

Go down

Forex4you Technical Analysis 17 June 2011

Post  namrata on Fri Jun 17, 2011 6:41 am

AUD/USD: rising out of fulcrum
The AUD/USD has rallied out of a fulcrum pattern at the lows indicating the potential for higher prices. The 0.001x3 point and figure chart is showing an upside target of 1.0660 and the next resistance level is at 1.0710. The pair will probably rally at least to the first of these targets before consolidating for its next move.

Analysis by: Joaquin Monfort
Forex4you analyst

Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.


Posts : 62
Join date : 2011-04-15

View user profile

Back to top Go down

Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum