TempyRT

TempyRT

AUD to rally back into resistance before continuing its downward momentum, failure to break and hold above the blue line (Weekly) only increases the cahnce of a fall back down to the Japanese crash low from a few months ago. This has been an area of importance. The only caveat is the ongoing trade negotiations between the US and China, if the information is...

TempyRT

After a sharp decline in the AUD it looks like it potentially has found a previous SR Zone and formed a great looking head and shoulders formation, right shoulder has been set, will it go on to complete the formation? Stop loss would be below the right shoulder 79.72 with overall target at 81.76 for approximately 159 pips What do you think are the odds of it...

TempyRT

Head & shoulder potential short on AUD/NZD weekly chart, recently bounced off a long term SR level (1.09). Historically the price has gone lower to meet the rising trendline. Potential 230+ pip short

TempyRT Updated 

Potential breakout to the upside on a bullish pennant on the 4hr chart, if you use the pole for reference a target of 150 pips. However there is a strong weekly SR level around the 86.98 price that may cause some turbulence around this level

TempyRT Updated 

Demand Zone below current price could see support on any down move with a potential for a H&S pattern to play out on the resulting move up.

TempyRT

AUD/JPY is overbought at this level, previous SR from the weekly chart is directly above and has been tagged twice. With weakened dollar and RBA decision tomorrow could see the dollar drop back down. The rising trend line may offer some support but could run down to the 87.6 level which is populated with previous pivot points at this price/ A limit buy at SR price...

TempyRT

Inverse head and shoulders potentially in play, the confluence with weekly long term SR level further supports a long position. This pair as shown has bounced between the support channels previously. If the move plays out then targeting 325pip move up to SR level above