bdswiss_-_forex_cfd_and_binary_options_-_2016-06-06_10-06-47From Investor to Scalper – series of studies created in cooperation with broker BDSwiss, in which we take a financial instrument and the analysis includes a detailed look at the value from the monthly chart and ending with H1/M15.


AUDUSD currency pair since August 2011 is moving south. As a result of these declines in September 2015 market reached level around 0.6950 and since then has been moving in a consolidation. It’s worth noting that market defeated, after re-testing the bullish trend line.

AUDUSD Monthly
AUDUSD Monthly

Looking on the weekly chart we see that market since May 2015 year moves in a consolidation. As a result of the ongoing declines since beginning of November market has reached the vicinity of local support 0.7170, where was bullish response. If the growth will continue in the near future we can expect a retest of the local resistance coinciding with the momentum of a 50% Fibonacci correction.

AUDUSD Weekly
AUDUSD Weekly

On daily chart, we see that as a result of declines in November market defeated the upward trend line breaking out thru the bottom of ascending triangle formation. We are currently testing a cluster of Fibonacci levels between 61.8% Fibo correction of the last bearish impulse and 38.2% of long term declines. Rejection of this zone could restrain demand and pave the way for further declines.

AUDUSD DAily
AUDUSD Daily

On H4 chart we can see how precisely market tested the 61.8% Fibonacci correction of the last bearish impulse.

AUDUSD H4
AUDUSD H4

Looking on H1 chart we notice that if the earlier downward trend is to be continued, we would first have to overcome today’s lows around 0.7341 level. As long as it does not happen in the short term bullish trend is valid.

AUDUSD H1
AUDUSD H1

bdswiss_-_forex_cfd_and_binary_options_-_2016-06-06_10-06-47BDSwiss offers its customers a sophisticated and reliable tool to invest in the market CFD / Forex. Especially novices can result in the safe introduction into the world of financial investments. The educational program of seminars and live comments market traders meet the expectations of those who want to learn how to invest successfully, which is building a great partnership between BDSwiss and its customers.

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