lovinmulika

lovinmulika

AUDUSD is currently moving off a critical level. We, this morning- as at close of the Asian session and at the open of London, hit a critical high (the November 2021 high) as well as the -27% fibonacci level on the H4 chart. We then saw a strong rejection off this level to the downside and might as well be preparing for sells. If LTF structure fails to hold as...

lovinmulika

Looking at the Intra-day levels and market behavior, AUDUSD has been primarily bullish. We are currently in a deep retracement phase- which is evident from the flailing price action toward the lows. A look at the H4 time frame illustrates that price is currently almost at the 61.8% retracement level of the last swing to the recent high at 0.74420. That said, price...

lovinmulika

AUDUSD has been on a bullish rampage for the last 60 days or so. A look at the weekly time frame offers us a glimpse of a Wammie (double bottom) having been formed at the 0.70000 key psychological level. As such, I do expect price to be primarily bullish for the second quarter of 2022. However, currently, price has been catapulted to current highs from the 0.72850...