You are here:--AUDUSD Weekly Time Frame – Analysis on 20th October 2013

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 a Professional Forex Trader specializing in the Forex, Gold and Stock market. He trades using both Technical and Fundamental Analysis and teach other traders how to trade using higher time frames and multiple time frames. He started trading the stock market in 1999. Seeing how trading Forex and the Gold market can be a lucrative business, he started trading these markets in 2008 and continues to do so till this day.

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