AUDUSD - Short Term Trade.

FX:AUDUSD   Australian Dollar / U.S. Dollar
47 0 5
Favorable to Short Term trend:

AUDUSD             has constantly for past few session rejected .76639 levels.. so assuming if downward trend continues from partial rise..

A Pennant formation - breakout confirmation from here (another long red candle below pennant ) should give us a measured move to .75553.

Red dotted lines are Resistance level .
Green lines are support level .. have taken the base of earlier broadening wedge as S2 and S3. S1 is earlier long green candle from where the initial price rise started.

Be Careful:

Close the trade, if the downward slide is very slow...

we had similar pattern in one of the instrument, initially the price break but then turnaround due to news and broke its major resistance level for new upside.

If it breaks the yellow slanted trendline with strong green candle, may be we will then see change to upside.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out