Price has broken out of the falling wedge and established a nice inverted H&S pattern (in green and head in white) Price should find a support at this right shoulder point and move upwards from here Weekly timeframe
Again, another chart I've concocted ~24 hours ago, and I see a few goals got hit already. Wonderful! I've added a few more, as I see no changes on the horizon for this pair. One thing a more or less definite - bearish pair. I always say this, and I will say it again, nothing I say is financial advice. Think for yourselves! Fibonacci goals in green or purple,...
AUD/CNY may drop to 4.5 in the next half year
If this does not look like Head and Shoulders; I dare to ask what is it ???
Buy AUD Currency, I just mean the Australian currency itself. Now, I've been bullish AUDNZD and the Australian economy for a week now...buying pullbacks. This is a currency chart of the Aussie currency itself. If this week closes positively, then this is very good for this currency and will be part of one of the confirmations that I am looking for to stay...