Technical Observations
- Weekly -
1.) Price breakdown of weekly trendline in previous weeks, tested it as resistance and cant break above
- 4 hour -
1.) 10/20 MA indicator is still bullish
2.) Price fail to break above 200 MA resistance after 2 tries
Market Sentiment Indicators:
- AUD COT Published on 25 May 2018-
Net non commercial changes: +1,994 or -3%...
Technical Observations:
- Daily -
1.) In 14 May week, price was bearish breaking down of the daily horizontal support, but last day of the week closed bullishly above the support line.
2.) Currently, the price is testing the 10MA resistance near the daily horizontal resistance
3.) 10/20/50 MA still in bearish mode
- 4 hour -
1.) 10/20 MA indicator just crossed...
Technical Observations:
- Daily -
1.) Price breakout of weekly trendline resistance in previous weeks
2.) In 7 May 2018 week, price was bullish after reacting to a bullish divergence
3.) Currently, the price is testing the 20MA resistance near the weekly trendline resistance
- 4 hour -
1.) 10/20 MA indicator is bullish
2.) A bearish engulfing pattern formed with...
![AUDUSD: 28 May 2018 week - Short AUDUSD [update from 14 May 2018]](https://s3.tradingview.com/7/70kjVg5D_mid.png "28 May 2018 week - Short AUDUSD [update from 14 May 2018]")
