UPDATE - Automated Trading Signals See Australian Dollar Trade In The Works

[DailyFx]

Update

After having shown signs of bullish momentum, our Forex Automated Trading Signals decided to sell EURAUD on signs that momentum was beginning to travel south. It then went on to place a Trailing Stop order at 1.83864. This trade utilizes the "Momentum2" strategy which historically has a 41% success rate.



Original

The Australian Dollar is a popular pair to be trading according to our Forex Automated Trading Signals. We are currently awaiting an oncoming EURAUD Breakout trade. By looking at the image below, one might expect the signal to buy the pair as the trending arrow appears to suggest bullish strength. Furthermore, the Range2 system bought the Australian against the US Dollar at 0.8035 and set a stop set at 0.8717. The latter appears to be a steal as the trade continues to be in the red by about 94 pips. With an overall accuracy percentage of 81% and average per trade earnings of 58.31 pips, the Range2 system continues to be one of the top two best performing systems in our arsenal.




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.