This set up is showing multiple confirmations for a sell/short: Divergence 4 Hr StopHunt 4Hr Indexes: AXY(Australian Dollar Index): Showing Weakness DXY(US DOLLAR INDEX): Showing Strength ALL GLORY BE TO THE MOST HIGH!!!
AUDUSD expected to rise up to 1st resistance at 0.655542 where it could potentially react off and drop down to 1st support at 0.64608. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD expected to rise up to 1st resistance at 0.64739 where it could potentially react off and drop down to 1st support at 0.63779. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hypothetical scenario (18/05 - 22/05): (1) Entry @ 0.64500 (Sell Limit) (2) Stop Loss @ 0.64800 | 30 pips (3) Target @ 0.63900 |60 pips (4) R:R = 1:2
AUDUSD expected to rise up to 1st resistance at 0.65528 where it could potentially react off and drop down to 1st support at 0.62733. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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AUDUSD reversed off its resistance at 0.65528 where it could potentially drop further to 0.62733. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
As I said in the previous analysis, I expect AudUsd to drop. The pair confirmed 0.65 zone as a strong sell zone and now is trading at 0.6420-0.6450 support and previous congestion zone. A break here is important for the pair and announce a continuation for the downward trajectory. I will remain bearish AudUsd and only a strong break above 0.65 could change my outlook
AUDUSD broke the support trend line along with other indicators that's showing this pair will be heading down further soon
The uptrend for AudUsd lost all its steam and yesterday's spike above 0.65 I believe is the swan song. A daily close under 0.6450 would confirm that an important top is in place and opens the door for a drop to 0.6250 important support zone.
The AUDUSD has risen nicely since the slump to 0.55, now an opportunity for Sell. The AUDUSD touches the average moving line 100 which is used as resistance and only a few days ago the AUDUSD responded downhill as soon as it touched that line. Stochastic and RSI are relatively high, indicating the possibility of a trend change. The AUDUSD is still considered a...