Linked to my previous post the pair failed to break the ascending trendline
It however has broke and retested the decending trendline, expecting new highs will update as things change
+ MA's showing bullish price momentum
The market has created a new higher high and bounced off from 0.75377 area. The last trading shows Aussie strength which formed a bullish engulfing pattern indicating a strong bullish continuation pattern. The market may retest the recent high at 0.7618 area.
I'm too inpatient to do write ups like this for all my posts. Just trust there's more in my analysis than the simple charts I post on here :)
AUDUSD appears to have turned earlier than expected, it is the best performing currency of the month and despite the problems with a credit downgrade for its banks it appears to be gaining momentum again. Commodities...
Australian dollar has gained a lot over the pasy days, you can see this from the chart above and you can also see that lately price has been ranging in a very tiny space. When you see impulsive move like this you would expect price not to retrace so much because of the strength disequilibrium. And that is what i think could happen next here: flags,...
AUD/USD – price since the beginning of June is growing in a very dynamic bullish trend. This is clearly visible on H4 chart. We can see here also a correction to earlier highs and setting a sizeable bullish pin bar. On the technical side, this is a clear sign of a continuation of the upward trend. So consider long position..
AUD/USD – since the beginning of June demand is in power, leading to extremely dynamic growth. Currently a bullish pin bar is created after few hours of flat correction . Price setting new high confirms a strong upward trend. So it’s time to consider long position.
Friday saw AUD/NZD bounce off a well-defined support/resistance area but doubts remain whether this pair is headed higher or lower.
The Daily and H4 TDI levels suggest we're going lower but H4 is moderately BULLISH.
If the support level at 1.0761 holds then look to go LONG.
If this level breaks then SELL this pair down to 1.0560 area.
The stiff resistance at .7732 area remains intact and whilst we remain under this level we should be looking to SHORT this pair. However from these levels (.7500) with RSI over sold and solid support beneath, AUD may attempt to recover.
This looks quite an easy trade so if .7490 remains in tact and we see price move north we can look to BUY this pair from current...
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to...
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i...
AUDUSD long scalp
Daily momentum up
1H momentum up
Strong Resistance level break + pullback test (support now)
Daily pivot point rejection
Pin bar + closing above high momentum advance
50% Fib Retracement