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AUDJPY analysis 27.11.2019

27.11.2019

Market Review

The overall trend of the currency pair is downward. The pair is trading in the range of 365 and 135 moving averages directed downwards. A start fractal formed below 135 moving average. A bearish divergence has formed on Awesome Oscillator, while Stochastic Oscillator indicator signals overboughtness.

 

Trading recommendations:

Sell at the breakout of the start fractal (73.88).

Stop Loss for the resistance level 74.11.

Target levels - 73.50; 73.07.


If the pair rises to the level of 74.11, cancel the trading plan

Author: admin
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