Audusd_short
AUDUSD @ 1h @ best performer (of 21 major cross-rates) last weekTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive
drive.google.com
Best regards :)
Aaron
Australia's Nasty FallThe battle between the multi year downtrend and the one-year uptrend has been won decisively by the LT downtrend. Recent weekly closes below 0.7625 level add clarity, however price structure and momentum triggers had already provided a host of evidence that confirmed an impulsive negative weekly outlook. Initial targets lie 0.7300
all the best with this pair in the run up to the New year and please remember to like and comment your views, they are much appreciated!
AUDUSD back to test broken support. Could become resistance?Hi traders,
this is my analysis on AUDUSD. Price is coming back to retest a previous broken support. In case like this a broken support could turn into a resistance and provide a good point for reversals. We've identified two levels but i think the first is more important cause, look left, it has proved to be strong two times in the most recent time.
So as usual after we find a good point for reversals we go down to lower timeframes and look for shorting opportunities in form of candlesticks, advanced or simple patterns.
Let's see! If you want to share your standpoint, please comment.
Otherwise, see you in the next chart!
AUD/USD, DAY CHART, SHORT (18-NOV-2016)Zoom out the Day Chart, you will able to see a super long downward trend. So overall it is bearish.
But, recently, the price breaks the upward trend and with 2 days Pull Back.
Now, the price breaks the support level at 0.74204. The price pull back touched the support level and continue moving down.
It is a good time to short it now.
AUD/USD Short read description.Thia pair has been inside a channel since 20th october and the price has reached the top line.
That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement.
Main trend is bearish and it may go down.
There are many proofs to say the price is going to fall and there is no any proof to say the price is going to go up.
AUDUSD Breakout Towards Reversal ZoneAUDUSD just broke upwards from a downtrend on the 4H, however the current channel is very narrow and unsustainable.
Price is at a major reversal zone, and we expect heavy resistance to hit soon.
We are looking for an M or Head & Shoulders pattern to form at this zone to enter a short trade towards the TP zone.
Forex Market Analysis and Trading Tips 22nd March 2016 - AUD/USD
SUMMARY:
The primary trend of AUD/USD is bullish on charts and price is trading below the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7626 and support at the level of 0.7565. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
AUD/USD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
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