Log in or register to download unlimited Forex robots!
AUDUSD finding support against the 200 hour MA
Forex technical trading: AUDUSD finding support against the 200 hour MA, but are buyers that strong?
The AUDUSD had it’s share of ups and downs today. Since the sharp fall in the AUDUSD to start the week, the price of the pair has been chopping back in forth. What can be said from the price action?
AUDUSD has held support on 3 tests of the 200 hour MA.
AUDUSD has held support on 3 tests of the 200 hour MA.
The one thing from a technical perspective that can be said is the the 200 hour MA is holding support (see green line in the chart above). That MA has been tested on 3 separate occasions over the last 2 days. Stay above it and the buyers are hanging in there. Move below and there should be a momentum move lower.
Although support is holding, the action higher is not all that encouraging. Looking at the 5 minute chart today the last corrective moves found resistance near the 200 bar MA, the 50% of the move down today at 0.81628, and against the 100 bar MA on the last corrective move higher. This gives the sellers the dominant position in the short term as the market battles it out. Stay below those MA (risk for traders) and the sellers should make another run at the 200 hour MA and this time, may be successful in pushing it through.
📌 Trading results with real money!
- Total number of registered users: 70,431
- Registered users today: 10
- Newest registered user: stephan
- Total number of topics: 11,707
- Total number of posts: 38,454
Online users: 3,925 guests, 122 Members:
69luckking, admin, Aep89, Ahmad AA, allmax7, Amr Abdallah, amrismail2000, arafat.haitham, asgharecom, Baagia Kusuma Suryadi, BigQ, binuvrm, bschumac, bullforyou, CAI, captainforex, charlenep1, cionk16810, cpfleger, create13, David Ball, denizyaran, Derek, dewwing200, dhanu23412, dienou76, domingo08, dreamscape9999, EA Tester Team Manager, Edgar Seraphin, epifreak, eqarqash, eswarfx786, fastlane2021, femo, Fernando Fernandez, fxbaloney, fxvahid.ak, Garuda muda, Hackmiser, Henry7777777, Herberth Zandomenico, Herry Sujatmiko, Houman Ahouman, inver61, jainmohit2904847, Jaykah20, JCGfx, Jfab37, Jfilander, jf_kato, jpdarien, Kariscleatus, Katapult, Khunmon, Khurshidbek Dilmurodov, kklabs, kkman168, LeonJK, LeslieLeas, Limiter, m1806, Mamta4756, Marcia Payne, Massimo Casiglia, mc808i, mdnbqw, miccaluko, migach, mike1809, moshiheya, mountaincjm, MT4_LOLO, mtt10448, Nabo, naero, Natasha Faria, Nebby14, nextnitro, nikostorpedo, nj620903, nthusiw, Ogmplayboy, okky1971, onehit, Onyeabor Goco Don, Papis Soumaré, peteaw72, Peter Djakwah, primadhanaastara, prouton, pssreddy25, R.D., Raphydo, recepoflas, Rolfcoach, samsam456tw, Scoop@$, smilzo21, sohel01405, Srikanth Kanna, stephan, stryper, Swap_15, Thabo25, Thảo Hồ, ThreeLions, tina36576, Tman2000, Tshalis, Tuttle_Danzi, Umairmarry, velho mestre, VLR, Will777iam, Womaninvestment, xv16, Yoanna Dragomirova, young746, ysfbcn, Zoltan0013, zorbafx69
MT4talk is a User Generated Content website. All content uploaded to MT4talk by our users (MT4talk forum members) is User Generated Content. Please note that MT4talk doesn't sell Forex robots and does not provide support for the uploaded Forex robots. MT4talk only sells PRO membership. PRO membership is unlimited download access in every forum topic and forum posts.
We testing Forex robots in REAL-TIME! We testing some robots on a demo account but in real-time. We are not financial consultants and we can't push you to risk your money. We are just trying to find good market analysis solutions from different strategies to help our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The site may contain links to affiliate websites, and we receive an affiliate commission for any sign up that trade by you on the affiliate website using such links. Our affiliate partners includes the following: FXOpen, FBS, LQDFX, MyForexVPS.