butterfly pattern in AUDUSD 4H & Daily I think it's will test the area of 77000 and fall down
AUDUSD Bearish Wedge setting up. If we look at the points of contact so far, it has touched the inner edge of the wedge 4 time's. For this set up to complete, it need's to touch the inner edge one more time before selling.
Divergence is building on H4 and low time frames confirm a week movement upwards, I expect the price to correct till the trendline and further move towards 0.7697 presenting a shorting opportunity.
RSI is closer to overbought than I would imagine the market would be comfortable with going into a major interest rate decision. So I am looking for consolidation after not so great FOMC news.
Technical's confirm trend channel reversal. Downside is on the horizon.
Downtrend - S/L 0,76250, T/P 0.71500
SUMMARY: The primary trend of AUD/USD is bullish on charts and price is trading below the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7626 and support at the level of 0.7565. If it breaks its...
AUD/USD ( HOURLY ) SUMMARY: The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we...
AUD/USD ( DAILY ) RECOMMENDATION: BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7242 and support at the...
RECOMMENDATION:BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7240 and support at the level of 0.6825. If...
Great spot to be in guys... SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7152 and support at the level of...