Pseudo inverse head in shoulder (re-accumulation like pattern).
AUD has broken out above the top descending trendline.
Buy signal already triggered.
Significant move higher if price manages to break above the 38.2% Fib level and retests it and successfully holds.
Measured move target to 0.084 SGD, which sets a higher high, establishing a longer-term bullish structure.
PRISM Analysis Snap bend up sharply, which is presently pulling the AJ-ribbon (Acceneration and Jerk) higher with the lime-green Jerk oscillator leading the move (i.e. bullish). Expect momentum to see serious gains ahead.
Daily chart shows that AUD vs. SGD continues to be held up above the red 21 EMA level. Bearish if this breaks and it falls below the green 50 SMA level. PRISM higher-differential-order oscillators looks like they are ready to curve upwards as well.
Weekly Chart
This is a continued shared/published analysis from:
Trade closed: stop reached
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Failed to break out above the inv-H&S 0.99620 SGD level as drawn. Price dropped lower instead.
Note: Always safer to wait for the actual breakout confirmation before making the trade, especially on long-term charts.