Learn Trading - Forex Update: USD Pairs Review to Get the Week Started

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=learn_trading&ad=p7dhYMXTDww Moving on over here to the AUDUSD. We are rising along the blue trend line, but for the past three days at least we have found resistance underneath the 100-period simple moving average. In fact, last week in the live Trade Room, we were selling the green-shaded area. Made some profit from the green-shaded area, the 0.7495, 0.7515-level. So, very interesting level here with the 100-period moving average. We’ve seen resistance here before. Just look back here, where the blue circle is. So, if you’re looking to go short, obviously that’s the place to do it. If you’re looking to go long, which I think could be an interesting prospect this week, it needs to break through the green zone, 0.7515, or possibly dip back down to the orange zone. Those are your two opportunities to go long. Down at the orange zone or above the green zone. Interesting is that this is the first day we’ve seen the Forex Black Book down here at the very bottom go green. With this rise along the blue trend line, it’s turned green. So, that could be our first clue or next clue I guess of a shift in momentum. So, watching for buying opportunities means we need it to dip down to the orange zone or break above the green zone. Now, if you’re going to continue to play the longer-term moving average here, the 100-period moving average, then of course that’s close as possible to 0.7500 to minimize your risk for the AUDUSD. https://www.youtube.com/watch?v=p7dhYMXTDww Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.

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