Bullish Engulfing at AUD/USD

Bullish Engulfing at AUD/USD

Yesterday, the AUD/USD currency pair held the round of 0.77000 level, which caused the bullish sentiment. In the near future, the further growth of quotations is not excluded. Demand for the US dollar weakened after the Fed's meeting. At the moment, the classic pattern of the Price Action, Bullish Engulfing, (D1 timeframe) has been formed, which acts as a reversal formation. The price is testing a "mirror" resistance level of 0.77750. We recommend you to pay attention to this situation.

If the price fixes above the 0.77750 mark, you should consider buying AUD/USD. The immediate goal of fixing profits is 0.78250. In the medium term, the trading instrument may reach 0.79000-0.79750. When following the positions, we recommend using a trailing stop. Confirmations and entry points to the market should be looked for on lower timeframes.

by JustMarkets, 2018.03.22

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Buka Akaun

Dapatkan Analisis Percuma

* ruang yang diperlukan
Artikel Terakhir
Semua Artikel
Apakah Konsep Utama Analisis Teknikal?
Penganalisis teknikal menggunakan carta dan graf untuk menganalisis trend, pola dan data pasaran yang lain untuk mengenal pasti isyarat beli dan jual. Konsep utama analisis teknikal adalah untuk menganalisis sejarah harga dan data volum untuk membuat ramalan tentang pergerakan harga di masa akan datang dalam pasaran kewangan.
Baca lagi
Apa itu Analisis Kaki Lilin?
Analisis kaki lilin adalah kaedah popular yang telah digunakan dalam perdagangan Forex untuk menganalisis pergerakan harga dan membuat keputusan perdagangan.
Baca lagi