AUDUSD approaching resistance, look out for potential reversal!
AUDUSD is approaching its resistance at 0.67378 where it is could reverse down to its support at 0.67101.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Audusdbuy
#AUDUSD, Support and Resistance analysis.A definite downward trend.
The audusd ranges in the range of 100 pips in the event of a break to either side the recommendation is to buy/sell in the same direction.
For traders who like short-term positions, the recommendation is to buy close to 0.6740 and sell close to 0.6805.
After analyzing the dollar, we came to the conclusion that we are more bullish on the coins against the dollar because we believe the dollar should go down.
AUDUSD BUYAUD/USD has formed a triangle and corrective wave touching the down trend line, all we see now is a clear upside break out of the triangle to head toward the resistance channel line . .
AUDUSD is also in connection to the USD which is going for short. So i will take my profits around the point 0.68600. Note . there will be a re trace so watch your trade carefully and take good profits , when it bulls out from the yellow line , take your profits 2 around 0.69400 ..
AUDUSD is also still looking for momentum for bullish move , Price is still consolidating and can break the resistance level. watch this trade carefully as it can still fall for the rest of the week ,
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AUDUSD - ANALYSIS FOR TODAYFREE ANALYSIS ON AUDUSD
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15 Min
Expecting More downside on AUDUSD. Should test the broken trend-line at around .67800 and we should see More downside after that.
AUDCHF WEEKLY ANALYSISAFTER MAKING A NEW SUPPORT ON AUGUST 15 2015 at price level 0.65345 it went back up at 0.78070 on 06 FEBURARY 2017 MAKING A PERFECT DOUBLE TOP AT 18 SEPTEMBER 2017 than it went down to the main support making a perfect double bottom.
Now its time for a trendline break and retest this week or eventually in the next week.
I am waiting for a strong sign like a 4h or daily pinbar after the retest to go in for 300-500 pip profit.
AUDUSD LONG audusd is trying to form a very nice correction for continuation, market has a lot of uncertainty so trade with care, wait for price to test the low of the pattern and set a stop loss behind the impulse and watch market breaking strong the high. This will take a while to happen so patience. good luck everyone.
AUDUSD to climb from upside confirmation, potential bounce!
AUDUSD to climb from its upside confirmation at 0.67827 where it could potentially bounce further to 0.68328.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.