FX Trading Strategy 1105 (The Australian Dollar's Counterattack)
Thank you for subscribing as always.
To trade with high accuracy, multi-timeframe chart analysis is essential.
The analysis I have developed over more than 15 years of FX experience is a simple multi-timeframe chart analysis using moving averages and MACD.
The Daily Trading Strategy is mainly for day trading, and for four timeframes—4-hour, 8-hour, 12-hour, and daily—the
trend table is created, and the day’s strategy (long, short, or wait-and-see) is noted, so the strategy is visible at a glance.
Analyzed currencies
FX: USD/JPY, EUR/USD, EUR/JPY, GBP/USD, GBP/JPY, AUD/USD, AUD/JPY
◇ Trading Strategy
This is the trend table and trading strategy as of 5:00 PM today.
◇ Chart Commentary
Australian Dollar vs Japanese Yen daily chart
A breakout above SMA25 pulls back to EMA20 area today, then rises again. First target is near yesterday’s high, and then the daily SMA50 becomes the target.
If it rises to around that level, AUD/USD may also rise toward the monthly SMA50 area.
