Forex Australian Dollar Charts - Forexmospherians.com

AudChf 3Hour

AudChf trade as mentioned in the chat room today. 3 Hour my oracle, 15 min entry after a nice charge down. Extremely important support level shown on 3 hour, Bulls could not maintain the pressure above so a continue with the Short bias more likely. Good trading to you forexmospherians   

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  • Top drawer Forex Trading from Forexmospherian Johnradical the Rising S.T.A.R. in the Foreign Exchange Markets and a trader to follow. Well done John.

  • Agree with Sir Gissa, Top drawer Trader, well done Johnradical
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Share AUD Photos or Charts with a description either written directly on the Photo/Chart or in the description box provided. This will help community members understand the photo, trade, analysis, results or strategy.

Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.

Jim M

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The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.

The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.