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New Forex Trading Signal: Sell AUDUSD @ 0.7670

Sell AUDUSD @ 0.7670. Take profit targets @ 0.7600 and 0.7550

Stop loss @ a close above 0.7710

AUDUSD Weekly | FXLORDS

Conviction:

The 4 hours candlestick of the AUDUSD pair is facing the 0.7660 resistance level, and the CCI is dropping from the overbought zone where it turned downwards after setting a new high. The CCI as well as the RSI are also showing deviations from the moving average curve on the 4 hours chart whereas on the daily chart, the pair is facing the trendline started on the 21 of April and the CCI is starting to head downwards from the overbought zone, whereas the MACD signal curve is crossing the Histogram from top to bottom.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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