EN-AUDUSD-20150828-A

Trading Signal - 28/08/2015 - 16:00 (GMT +3)

Instrument: AUDUSDby: Chief Technical Strategist Avramis Despotis

Previous Close 0.7147

Change -0.25 %

Current 0.7147

52 Week High 0.9378

52 Week Low 0.7044

30 Days ATR 0.0060

40 Weeks ATR 0.0135

Time Trend & Condition Support & Resistances Comments Position & TradeProbability

Entry, Take Profit & StopLoss Levels

60minCHART

·Next 3Days

Upwards Strong·

Neutral

0.7131 0.7159

0.7085 0.7206

0.7010 0.7252

The market is testing support at0.7131. We are waiting to seereversal signals in order toreinstate LONG positions. Nextimportant support the 0.7085level.

Position Entry SL

BUY - -

Trade P. TP1 TP2

- - -

240minCHART

·Next 3Weeks

Downwards Weak·

Overbought 1

0.7050 0.7250

0.6910 0.7360

0.6699 0.7540

A Medium probability, entrysignal to go SHORT was given at0.7095 after the market foundresistance at 0.7250. Only theupward break of 0.7250 wouldcancel the bearish scenario andtake us LONG.

Position Entry SL

SHORT 0.7095 0.7250

Trade P. TP1 TP2

Medium 0.6910 0.6699

DailyCHART

·Next 3Months

Downwards Strong·

Oversold 1

0.7050 0.7440

0.6920 0.7575

0.6710 0.7800

The TP1 has been reached. Weclosed 50% of our position andhave moved the Stop loss at thelock in profits level (0.7200).Provided the market conditionswill remain the same the TP2 willbe reached soon.

Position Entry SL

SHORT 0.7200 0.7200

Trade P. TP1 TP2

Medium High 0.7110 0.6920

Legal Disclaimer: All trading signals provided are general recommendations. They have not been prepared in accordance with the requirements designed to promote the independence ofinvestment research.

12, Richard & Verengaria Street Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus P.O.Box 50626, 3608 Limassol, Cyprus