Hello, Traders Investors And Community, welcome to this update-analysis where we are looking at recent events, the current price-structure, and what we can expect the next hours and days from AUDUSD. The major uptrend which I forecasted in previous analysis about AUDUSD confirmed properly as mentioned and touched the trendline before showing bearish signs to the...
As we highlighted yesterday that we wanted to see a confirmation of breakout or reversals in AUD/USD, and the price action today suggests that AUD/USD confirms the uptrend.
Note: We are buying the dips on AUD/USD with stops at the support levels at 0.7330 to target 0.7420 in short term trading.
audusd has been rejected from 2 years old trend line on d1 time frame, how ever we watched bearish avoidance as a pin bars on weekly time frame, so it is time to sold audusd,
Following last weeks Wyckoff view I formed of the market we have seen two good rejection candles off of the Automatic Reaction ('AR') level. So we will probably be looking for the bottom of the cloud in the weeks to come at around 0.72. Then staying in the cloud to about the end of August. Well lets see were the market takes us. I will be looking to follow the...
This pair is in an uptrend on the daily. I will be looking to follow the move upwards with these two patterns (Cypher and Bat)
We are already experiencing oversold conditions and have some structure looking left.
Cypher pattern:
Entry: 0.75646
TP1: 0.76641
TP2: 0.77287
Bat pattern:
Entry: 0.755316
TP1: 0.76461
TP2: 0.77178
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I believe we are at a pivotal moment for the AUDUSD depending on the next 1 or 2 candles. The yellow line above was a major support level in the past for the head and shoulders pattern and was also validated a few more times after that before break at the neckline. If price stays above this neckline in the next couple of candles, I predict the AUDUSD will...
