Analysis:
Bullish Confluences
In an upwards trend
Break & retest of a previous area of resistance for support
38.2% fib retracement level present
Upwards trendline present
GBP is the second strongest major currency where as the AUD is the 7th strongest major currency
25K short positions decrease for the GBP
2K short position increase for the AUD
...
Analysis:
Bullish Confluence Factors
Upwards trend
Break and retest of a previous area of resistance for support
38.2% fib retracement level
In an upwards channel
Longer term upwards trendline present
EUR is the strongest major currency whereas the AUD is the 7th strongest major currency
2K short position increase for the AUD
Neutral Confluence...
Analysis:
Bearish Confluence Factors
In a downwards trend
Break and retest of a previous area of support for resistance
Downwards trendline touch
Increase of 2K short positions for the AUD
Decrease of 12K short positions for the JPY
Bullish Confluence Factors
AUD is the 7th strongest major currency where as the JPY is the 8th strongest major...
Analysis:
Looking at this pair we're able to see that price is making a move to the upside. This is confirmed when we take a closer look at price and we can see that price is forming a series of higher highs and higher lows which confirms our bullish thesis. Currently price is sat at a key level which has held as both support and resistance in the past so we...
