OANDA:AUDUSD 4H technical analysis indicates potential continuation of downtrend through Q3 2018 with the formation of a bearish flag. The Apr-May 2018 flag pole begins at the Jan 2018 downtrend resistance. Following the break of Jan 2016 uptrend support, price action has consolidated into a range of approximately 150 pips. Once price action reaches Jan 2018...
OANDA:AUDUSD 4H technical analysis indicates potential continuation of downtrend with the formation of a bearish flag. Following the break of Jan 2016 uptrend support, price action has consolidated into a range of approximately 150 pips. Once price action reaches Jan 2018 downtrend resistance, which has held throughout the first half of the year, resistance is...
Price action on 30 min periodicity is approaching the top of a short-term upward trend channel as well as longer-term resistance. The trade incorporates an acceptable Risk/Reward ratio, acknowledging existing support and resistance zones. The time frame target for trade development and completion is 2 - 4 days.
Stop Level - 0.7840/45
Entry - 0.7815
Profit Level...
Price action on 30 min periodicity approaching top of short-term upward trend channel as well as longer-term resistance.
Stop Level - 0.7840
Entry - 0.7815
Profit Level (1) - 0.7769
Profit Level (2) - 0.77425
OANDA:USDCHF
Entry: 0.9775
SL: 0.9743
T1: 0.9836
T2: 0.9860
Fundamental:
Overall risk-on theme in the market
Anticipation of the USD interest rate hike
Technical:
Mid-term ascending triangle
*Price action met resistance at long-term downward trend channel. Opportunity to short if USD decreases in value and/or CHF increases in value.
