AUD and GBP dropping (14/10/2014)

AUD and GBP Dropping

We hope you took into consideration our trade setups from yesterday involving selling AUDJPY and selling GBPCHF as they have made a killing. If you haven’t there are still some opportunities to short the GBP and AUD dropping observed today.

AUDJPY (H4) SELL

The  Trend/Wave/Extreme mini indicator aud dropping audjpy 20141014

  •  The Trend Bar is Red filled pointing Down Trend
  • A solid down trend line
  • A 170 pips correction has been completed and the down trend seems to have been resumed

Note: As the pair has left overbought region is likely you have lost some pips. Nevertheless there is strong support at 93.20 ,which upon breakout should see a big drop.

AUDUSD (H4) SELL

aud dropping

  •  The Trend Bar is Red filled pointing Down Trend
  • Resistance at 0.8800 (suggested stop loss) has been held and the pair seems to be dropping again

Note: There is strong support at 86.80 ,which upon breakout should see a big drop.

GBPUSD(H4) SELL

The Trend/Wave/Extreme mini indicator is showing

gbp dropping

  •  The Trend ,Wave and Extreme Bars are all pointing down
  • A solid down trend line

Note: As the pair is in oversold region is a bit late to enter this trade Nevertheless there is strong support at 1.5950 ,which upon breakout should see a big drop.

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme  . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.