LLOYDS BANKING GROUP has developed a strong uptrend. This uptrend is likely to continue. It is a well-capitalised company and has positive analyst ratings. Recently it has broken the long-term downtrend.
Looks like a shorttime swing trade possibilty. It's near the trend-support-line. Siemens also has been trending up a long time already. Furthermore is a top-value stock.
A break of the counter trend line that has formed on AUD/USD could lead to a downside continuation to make new lows. The move also has the possibility to offer a decent risk reward as well. Targets would be 0.71571 and then on to 0.69609 . Could this be a look into the future for this market ahead of the FOMC tomorrow? Only time will tell.
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