AUD/USD ( HOURLY ) SUMMARY: The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we...
AUD/USD ( DAILY ) RECOMMENDATION: BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7242 and support at the...
RECOMMENDATION:BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7240 and support at the level of 0.6825. If...
Great spot to be in guys... SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7152 and support at the level of...
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...
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...
The first phase of the corrective structure is a clear flat. The second phase is underway, so it could be either the green triangle or the red ZigZag. If it is to be the triangle we should see a clear reversal at the Blue trendline resistance to complete the last leg of the triangle. On the other hand, if price clearly breaks the Blue trendline resistance, then we...