VukmanManic
Short

AUD/USD (LONG TERM SHORT Weekly) expected price in 3 months

FX:AUDUSD   Australian Dollar / U.S. Dollar
97 0 2
This is long term technical analysis , it is for expected forecast in a 91 days,
Firstly, there is a change in a trend, currently we are in a DOWN TREND, also retested RES 1 @ 0.96883 and RES 2 @ 0.94600 (PSY Price Level).
Secondly, we have on those price levels BERSIH Engulfing Pattern confirming reversals.
Thirdly, on RSI , also supported with SMA 90, we have couple of DIVERGENCES, both Neg and Pos             .
Finally, currently we have divergence and break on RSI level 70, showing the upper swing trend is OVERBOUGHT, and bulls are losing momentum in a swing. Moreover, as explained we are in a down trend both MA and SMA on proper directions and positions. Indicating Short Position.

*Please have in mind, this is LONG TERM ANALYSIS (WEEKLY CHART ANALYSIS). my predictions are in a 3 months period forecast. SL:TP ratio 1.56%/4.22% (1:4)

Have a nice profitable monthly trades!
All the best,

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