According to the Forex Factory news impact on the currency is pretty low so following the trend testing the 50%, 61.8% of the fibbo retracement.
2020.05.18
10.23
Technical analysis shows that 2,3 weeks of the April will be the lowest points for AU, testing 1.618 fibo retracement level.
Sell at: 0.62650
TP: 3%
SL: 1%
Analysis date: 2020.04.09 11.55AM(GMT+8)
The data shows us that the resistance level is too strong it hit second time, since its a uptrend and the best entry level from the historical data is the second week of the month, going short on UC
Buy at: 1.39000
SL: 1.37628
TP: 1.43268
Analysis Date: 2020.04.09, 07.30AM (GMT+8)
After comparing the the datas of April since 2016 this year is an exception since the Coronavirus disease has a great impact on both Europe and USA I assume by the end of the April EU will rise.
Buy: 1.11860
SL: 3%
TP: 9%
Analysis Date: 2020.04.08, 4.20PM (GMT+8)
Testing the resistance level of 61.8% of fibonacci retracement, if it hits below the target level new resistance level appear.
Buy: 1.07870
SL:1.07770
TP: 1.08170
Analysis Date: 2020.04.07, 5.20AM (GMT+8)
Like on the previous analys, UJ cant pass the 23.8 fibbonacci retracement so placing a an selling order again.
Sell: 109.24
SL:109.370
TP:108.920
Analysis Date: 2020.04.07, 5.05AM (GMT+8)
Based on the Historical data of the UJ since year 2017 in April UJ has buying trend, also note that in every first week of April the currency has a buying signal. Due to this analysis I have placed an order on the fibonacci retracement of 23% to sell UJ as we are testing this new method of reacting to the trend rather than predicting in.
Sell : 109.25
TP:...
