After breaking a descending triangle retesting it we saw a move to the upside which made us find a good enough zone to trade short on small time frames. Now makes sense a little retracement before continuing its move.
Last week a new sell orders appeared as the decline in the price was followed by increasing bearsih volume.
Three weeks in a row, Commercial long positions have decreased, showing thah the market participants expect lower prices.
First buy zone - 0.697- 0.694
Second buy zone 0.679 - 0.675
AUD
Last week AUD made gains with a rising volume, but the price range is still in a neutral zone. For the time being, no trade is recommended.
If the price breaks the channel upward, it has two resistance zones.
- Sell zone 1, as it is the start of the sell-off 21st September - Strong resistance
- Sell zone 2, a two-year peak - Stronger resistance
- Sell zone 3,...
Interesting price action today - as the US Dollar ( DXY ) was rising marginally so was the Aussie Dollar - while the Euro , CAD, British Pound all moved lower.
After a month long accumulation - The Aussie broke out rising more than a cent - on the last Friday of August, and continued to move after hours.
Today's price appears to be a stop run, before the market...
Hi everybody.
Currently, we look at the H4 time frame and see that this pair is forming a corrective wave B - the foot of the wave is in the form of ABCD.
Analyzing on H1 chart - AUD future, we find that the pair is moving within a narrow price range of 0.684 - 0.689 - accumulating to move upwards, the target is expected to be in the area of 0.692 - 0.695 to...
Look to take a short into the demand zone ONCE the wedge breaks down on a smaller timeframe. If wedge breaks up Look for a retest of a DZ near the breakout area to get long.
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