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AUDUSD Weekly Time Frame – Analysis on 20th October 2013

audusd

This is the AUDUSD weekly chart.

As you can see on this chart, the pair is hitting a support turned resistance area. We might see the bears coming in next week to push this pair back down.

I will be shorting this pair when it spikes up above 0.97. I believe that there will be quite a number of market makers waiting to short the hell from that position.

And I want to benefit from it. I hope so do you.

~ Ardy

Forex Trading is a Business.

By | 2017-01-01T13:01:17+00:00 October 19th, 2013|Categories: Forex Trading Signals|0 Comments

About the Author:

Ardy Ismail is Professional Forex Trader and Forex Coach specializing in the Forex and Futures markets. He trades using both Technical and Fundamental Analysis and has a deep understanding of risk and money management strategies. He has been trading the Forex market since 2008 and shares his analysis of the market on this site.

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