Forex Trade Alert for – Symbol = AUDNZD
<Forex Trade Alert for Friday Nov 02, 2012>
Forex Trade Alert for Symbol AUD/NZD
Friday Nov 02, 2012
Sell AUD/NZD @ 1.2550. Stop @ 1.2655. Target @ 1.2450 or 1.2250. The market closed below the middle fibonacci fan line. Prices should find support on the bottom fan line. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Ranges for Friday Nov 02, 2012
The 20 day moving average of the daily trading range is 64 Pips and the 60 day moving average of the daily trading range is 68 Pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 44.97 percent. This means that if this Currancy Paie AUD/NZD does not rise more than 36 Pips from the opening price then there is a 64.97 percent chance that this will be an downday.
The [R3] or the most extreme high trading range is 1.2626.
The [R2] or the extreme high trading range is 1.2605.
The [R1] or the high trading range is 1.2562.
The [P] or pivot point is 1.2541.
The [S1] or the low trading range is 1.2498.
The [S2] or the extreme low trading range is 1.2477.
The [S3] or the most extreme low trading range is 1.2434.
Current Day Trading Session:
Momentum is continuing downward at the present time.
Next Day Trading Session:
If the next day’s close is above 1.2638 then that could be a sign that the current downward momentum is reversing.
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