In the AUDUSD currency pair, the possibility of forming a harmonic quasi-pattern is high, so we may have a short fall to around 0.77736.
Note that the price has gone up from the Como cloud, so we should expect any upward scenario.
DuncanForex here with many trade ideas - see below. - with no mention of any websites etc
With the USD gaining strength, you can sell anything XXX USD and buy USD XXX
Many opportunities opened this morning for a great trading week
Stay safe and safe trading
It's not a difficult time if you just know where to look.
Look for important turning points in price. Whether it be a price it's visited multiple times or just once. Use them in your research when making accurate decisions on price direction.
Looking at the Aussie dollar against the USD, we can see on the daily that we have downward pressure along with the bearish divergence playing out.
I have 2 levels as a point of interest.
The 0.5 fib retracement and 0.618 fib as one can see that this has confluence with the wedge breakout target, and along with the daily EMA levels.
USD (DXY) is...
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The Australian dollar has reached its previous all time low in recent years against the USD.
On the 8 hrly, there is a bullish divergence (being a double bottom) being formed which will likely give a nice bounce to about the 0.66 mark.
The candle sticks also look positive at this level.
I haven't looked at any other currencies but my guess would be that...
> Downward channel
> Downward trend not broken, higher lows and lower lows.
> 200 and 50 EMA still above price
> RSI bearish, MACD bearish on the weekly. RSI has room for more lows.
Another 5% loss against the...
Good morning traders,
We can see that US session has had a strong push breaking yesterdays lower low, which is in an indicator to me that we can potentially see some more downside.
Ill be looking for a move that should equate to yesterdays full session.
As always keep the risk managed.
Happy monday traders
Another quick update for the markets
As you can see all the info you need is stated on the chart.
As always keep the risk managed
Oh and if you have any questions dont hesistate to contact me, id be happy to help!