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Audusdforecast

AUDUSD Forecast: The extended move has ended. Hey trader, I hope you having a profitable week! The price is about to complete the bearish head and shoulders extended move. It will confirm that after it has closed with a bullish reversal candle pattern that will probably bounce off the Mini Weekly Neckline. The reversal candle pattern may lead to a bullish reversal pattern formation that will start an uptrend probably after its price has bullish broke and retested the 2nd Monthly Key Lvl and 8 MA. If the price bounces off those key levels with a bearish reversal pattern (or candle pattern) after forming the bullish reversal patter, we further drop may to the Monthly H&S Neckline may occur. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts! Stay Blessed, Sphatrades.
by Doji-2k1
AUDUSD This my own view on AUDUSD, earlier price has done its first extension from 0.6248 to 0.6343. and dropped back down our major area of support here is 0.6248 and price is currently trading above it, if this continues i will be looking for Buying opportunities at this region back up to 0.6343 then on getting to the resistance which is 0.6343 the reaction there will determine if the trend will continue upwards to 0.6430 the last scenario here is if the current support fails to hold expect further drop downwards
Long
by ForexAlpha7
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - According to the analysis we gave the previous day, the AUDUSD DOWN SIDE WAVE has been down about 75++ PIPS. We hope you get it anyway. It is still moving DOWN SIDE as we have given. - Currently the MARKET SENTIMENT for AUD is on the UP SIDE. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is because MARKET RISK is ON, STOCKS and COMMODITIES MARKETS are now slightly UP. It is heavily influenced by the Australian dollar. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go down to 0.6364 LEVEL. And after that, AUDUSD can be BUY to the 0.6766 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. For that, the MARKET STRUCTURE should be BREAKED..
by benny_marshall
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