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Second Forex Trading Signal Confirms AUD/USD Buy Trade
Wednesday, 22 October 2008 02:58:13 GMT  |  DailyFX Research
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Earlier our “Momentum 2” Forex Buy/Sell Automated Trading Signal indicated a counter-trend AUD/USD buy order. Subsequently, as the pair continues to trade downward, the order has been confirmed by our “Momentum 1” indicator with a trailing stop placed at 0.64.

The “Momentum 2” indicator trades with an accuracy of 42% and an average of 2.73 pips of profit per trade. The “Momentum 1” indicator, on the other hand, has a slightly lower accuracy at 38% but averages a substantially higher 28.18 pips of profit per trade. 

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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.

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