AUDUSD Daily Analysis – November 1, 2016
AUDUSD rebounded from the bottom of the price channel on 4-hour chart. Further rise would likely be seen in a couple of days, and the target would be at the top of the price channel. Support is...
Tag: AUDUSD
AUDUSD Daily Analysis – October 31, 2016
AUDUSD reached the bottom of the price channel on 4-hour chart. Further rebound would likely be seen, and the target would be at at top of the channel. Support is at 0.7557, only break below this level...
AUDUSD Weekly Analysis – October 30, 2016
AUDUSD continued its sideways movement in a range between 0.7441 and 0.7755. As long as 0.7441 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000 area...
AUD/USD Forecast October 31, 2016, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Friday, eventually forming a bit of a hammer. The hammer of course is a very bullish sign, and a break above the top...
AUD/USD Forecast October 28, 2016, Technical Analysis
The AUD/USD pair broke down during the course of the day on Thursday, slicing through the bottom of the shooting star from Wednesday. Ultimately, this is a market that has plenty of support below, so it’s only...
AUDUSD Double Top (Oct 28, 2016)
AUDUSD could be in for a quick reversal from its uptrend, as the pair formed a double top on its 1-hour time frame. Price failed in its last two attempts to break past the .7700 major psychological...
AUDUSD Daily Analysis – October 28, 2016
AUDUSD’s downward movement from 0.7734 extended to as low as 0.7579. Further decline could be expected in a couple of days, and the target would be at 0.7540 area.
AUD/USD Forecast October 27, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the course of the day on Wednesday but turned around to form a massive shooting star. While this is typically a negative sign, the reality is that the lows...
AUDUSD Daily Analysis – October 27, 2016
AUDUSD failed to break above 0.7734 resistance, indicating that the pair remains in downtrend from 0.7734. Deeper decline would likely be seen and the target would be at 0.7500 area.
AUD/USD Forecast October 26, 2016, Technical Analysis
The AUD/USD pair rallied during the day on Tuesday, breaking above the top of the shooting star from the Monday session. Ultimately, if we can break above the top of the candle from the session on Tuesday,...