After a couple of really nice signal to signal swings, I expect the current weakness trend to end right around where the last strength trade started. (82.753) I am looking now to exit a short and enter long around the above level but will wait for the actual indication. The Volume Trend Advisor (The red and green indications) cannot repaint as it uses closed...
Here we have seen since several weeks that AUD/USD ranges around 20 sma and taking the support it jumps up. However, observing the last few candles, it is observed that volume is high on bearish candles relative to the volume on bullish candles. Right now, the price is around 20 sma and if clearly broken, we expect the fall towards 7900 followed by 7850 and 7800....
The pair has swiftly moved downside on increasing volume while the price has also crossed and remained below 20 sma. RRR is above 3 in this trade.
Please see annotated chart for details.
Upmove is not strong. Price seems to be trying to move lower from the lower wicks. History shows there is an instant rejection level nearby. It will be a good LRE trade to short it. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially...
82 level is a support zone. Now that it has broken, we would expect it to dip further down. The next support level would be at 81.18 or 80 Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before...
Key support of 1.295 broken Which make it a resistance zone now. Will be bear bias and look to short upon retrace. Looks like the only way is down. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
Key support of 1.295 broken Which make it a resistance zone now. Will be bear bias and look to short upon retrace. Looks like the only way is down. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
The effect has not kicked in yet, However I am seeing so long as the support at 1.63 holds this pair will go higher. 1.675 will be the tested resistance, should it get broken, it will fly up higher Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and...
Bullish so long as 1.25 level holds. Volume is not supporting the upmove therefore we might see some drop before it may continue upwards. The next area of resistance would be at 1.29 Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable...