Блог Сообщества Dukascopy

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DAY 26 - TENACITY IS THE ABILITY TO NOT GIVE UP

Charles E. Kirk has been involved in the investment world for over 20 years. He is best known as the author of The Kirk Report, an analytical service that also curates important writings in the finance media. In recent years, he has also run an active mentorship program for developing traders and investors. Here is something he shared about his observations and perspectives from his mentorship perch.
"Those who have become successful in my experience always have a high level of tenacity. Those
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AUD/USD UP TREND NEXT MONTH

Charts: 1 HOUR,

The AUD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the AUD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
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ImranMughal99 avatar
ImranMughal99 8 Янв.

In the 4 hours chart, the RSI indicator has turned lower within extreme oversold levels, while the Momentum indicator hovers near oversold territory, as the 20 SMA extended its decline above the current level.
Support levels: 0.6980 0.6955 0.6905
Resistance levels: 0.7000 0.7040 0.7075

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