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INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 0.9873

Last Update At 23 Nov 2010 02:11 GMT

As aud has staged a bounce after retreating fm
0.9895 (NZ/AUS) to 0.9852, suggesting upside risk remains but only abv said res wud signal decline fm y'day's top at 0.9955 is still being retraced n extend gain fm 0.9823 (NY) twd 0.9905/15.

Below 0.9852 wud prolong choppy sideways trading but 0.9823 is expected to hold in Asia. Stand aside

Range Forecast
0.9845 / 0.9885

Resistance/Support
R: 0.9895/0.9913/0.9955
S: 0.9823/0.9813/0.9776

http://www.acetraderfx.com

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I’m going to review a live signal that called in the WET trading room last week.
This week’s signal was called by the secret Asian man, Tim Black. Let’s review it:

As you can see he drew a fibonacci retracement from previous high to previous low and exactly at 38.2 and 50% level we went short with near 30pips stop loss and near 40pips profit to retest the previous low.
Market moved 40pips in our direction in this case.

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Welcome to the FXReturn.com London Forex Market Call for November 23rd.,2010. GBP/USD: Closes on the lows of the session but finds support at the Fibonacci 61.8% retracement level which resides at 1.5895. A close below pivot support at 1.5838 will encourage a wave of selling down to the October low at 1.5649. A recovery of the 1.6100 handle will redefine the markets bullish posture with an upside objective of 1.6297. Technicals remain positive | GOLD: Closes near the highs of the session as the market recovers from last weeks sell-off. A close above the October high at $1386.9 will spark a rally into the all time high at $1423.7. A breach of last weeks low at $1329.4 could encourage a wave of selling down to the June high at $1264.8. Technicals ...