VukmanManic
Long

Strong Bullish Pin Bar AU$/$

FX:AUDUSD   Australian Dollar/U.S. Dollar
80 0 1
On weekly chart analysis, AUDUSD             is trending down (I had analysis on date 4/24/14). On the other hand, Friday was extraordinary, showing positive NFP but USD weaken after results. Moreover, because of Friday's Pin Bar Reversal I do strongly believe that we will see for a couple of days AUD prices going up. MA 200&100 showing creation of possible uptrend on daily chart , and also EMA being nice support (EMA 39 strongly rejected Friday Candle).
Secondly, there is a positive divergence on RSI and Price Action, showing Bulls are coming.
Finally, the Pin Bar rejected strong support level 0.91918 (previous resistance)

On a longer term, It possible double top or H&Ss (But head not breaking 0.97827 high of 10.21.2013) and then going south.

Have a nice trading week,

And watch for Thursday EUR Interest Rate Figures :P
V.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out