Elliot_Myers
Short

AUDUSD 61.80 Reversal Next Week?

FX:AUDUSD   Australian Dollar / U.S. Dollar
Price action has closed with 3 failed weekly attempts at breaking the 0.76435 level suggesting that a move lower is most probable for the week ahead.

What is target ?
Reply
Elliot_Myers ahmetnmsl
Hello Ahmetnmsl!

Price congestion around the 23.60 (0.71340) level suggests we'll see resistance here and so that'd make a good initial target.

A long term target would be a re-test of the swing low 0.68270.
Reply
ahmetnmsl Elliot_Myers
Thanks
Reply
ahmetnmsl Elliot_Myers
Do you believe we can see the first target 0.7134 in 2016 ?
Reply
Elliot_Myers ahmetnmsl
Yes - price is trending in this direction. As long as it follows the bearish triangle this target is viable.
+1 Reply
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