FOREX ALERTS >>
DailyFX Plus Login

technical alert

Article

On The Contrary, Automated Signals Suggest AUDJPY Downside Breakout
Thursday, 06 November 2008 02:55:41 GMT  |  Luis Gil, DailyFX.com
Delicious
Facebook

Our Forex Automated Trading Signals sold the Australian Dollar against the Japanese Yen using the Breakout1 system. Now that the trade is in the red to the tune of 44 pips, one might want to go long on this trade as AUDJPY would be considered to be at a discount. This trade appears to follow the broad downward trend despite having the Range1 and Momentum2 strategies pointed in the opposite direction. Our Breakout1 strategy has had a historic 50% success average.

11-05-08 audjpy2

See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

More Articles

Feedback Form