empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

31.08.202112:23 Forex Analysis & Reviews: Trading idea for AUD/NZD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 31.08.2021 analysis

AUD / NZD continues to decline.

In fact, just this morning, it lost another 700 pips.

Exchange Rates 31.08.2021 analysis

So all in all, since April this year, the pair is down 5,500 pips and has broken through 1.04.

This opens the opportunity to continue buy orders that has a scale of 500 pips.

Exchange Rates 31.08.2021 analysis

The volume, as before, is 0.01 STANDARD lot for every $ 1000 of the deposit. Meanwhile, the target is 1.04, which is the mirror level or + 1 pip of the first order.

This strategy is called Grid Trading.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off