Open trading account 
Hello everyone,
It has been a long time for me. Dukascopy trader contest is one of the my favorites and it has also changed a little. But, there is one thing that doesn't change for the contest , "the contest always helps us to learn and improve ourselves and our experiences for this wild markets." Thank you to the dukascopy team.
Although this is a late date to start for May contest, it will be an opportunity to practice for June Contest. Ok, let us keep it short and start with the analysis of AUDUSD.
From a yearly perspective market is in congestion. Quarterlies tells that market is trying to enter into congestion. However, shorter terms (monthly and weeklies) suggest that quarterly down trend is getting ready for resuming down movement.
For the next week (starting from Friday) we should expect a downward move in weekly bar. My preferred entry point is today's open point or any attack to 0.94 level. Targets are 0.9270 and 0.9175.
Below is a table of support and resistance levels for multiple timeframes. Also, yearly analysis chart is attached.
Best wishes.
It has been a long time for me. Dukascopy trader contest is one of the my favorites and it has also changed a little. But, there is one thing that doesn't change for the contest , "the contest always helps us to learn and improve ourselves and our experiences for this wild markets." Thank you to the dukascopy team.
Although this is a late date to start for May contest, it will be an opportunity to practice for June Contest. Ok, let us keep it short and start with the analysis of AUDUSD.
From a yearly perspective market is in congestion. Quarterlies tells that market is trying to enter into congestion. However, shorter terms (monthly and weeklies) suggest that quarterly down trend is getting ready for resuming down movement.
For the next week (starting from Friday) we should expect a downward move in weekly bar. My preferred entry point is today's open point or any attack to 0.94 level. Targets are 0.9270 and 0.9175.
Below is a table of support and resistance levels for multiple timeframes. Also, yearly analysis chart is attached.
Best wishes.
