RECOMMENDATION: SELL SUMMARY: The primary trend of AUD/USD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is had an important resistance at the level of 0.7150 and support at the level of...
Hello Traders! 2-nd variant! Dear Trader Johnm600, you we're right! Aussie is in the 3-d wave! Local target - 0.60000 Wait next variant >>>
Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. Bullish movement has stopped at the cluster of Resistance zone - Pivot Points and 382 Fibonacchi retracement. This might be a place where profit is taken or bears will be selling...
EWA/EWP & VOLUME analysis! FLAT &SHORT!
Hello Traders! 6A (AUDUSD) - The downtrend is confirmed! As we mentioned earlier, If the price break throw 0.68899 - downward tendency will continue! (EWA/EWP) Main target 0.65956. Sincerely yours, Powerful Traders!
In actuall trend, we can clearly see double-bottoms. After this formation, price moves to resist, which is consisting of 38.2 or 50% fibo retracement. After testing this area price moves down in long-therm trend
Learn 2 trade like a pro for FREE! - boafx.com - The triangle formation on the 4 hour chart could cause a breakout in either direction and there are arguments for both, however as you can see from the red arrows on the chart I favour the downside by taking the price at the top trendline or a fake breakout. Fundamentaly the Aussie is weaker than the USD and is...
Learn 2 trade like a pro boafx.com - After the RBA kept rates on old yesterday we had a relief rally on the AUD/USD but don't let this confuse you between the strengths of these individual currencies. The COT report shows short positions have been added too on the AUD and buy positions have declined, so sentiment is still strong to the downside. After FED's...