AUDUSD Weekly Analysis – August 21, 2016

by ForexCycle.com | August 21, 2016 1:08 pm
AUDUSD stays above the upward trend line on daily chart and remains in uptrend from 0.7144. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

AUD/USD Forecast August 19, 2016, Technical Analysis

by FX Empire | August 19, 2016 6:39 am
The AUD/USD pair went back and forth during the course of the day on Thursday, ultimately turning around to form a bit of a shooting star. The fact that we have formed a shooting star in this...

AUD/USD Forecast August 18, 2016, Technical Analysis

by FX Empire | August 18, 2016 6:51 am
The AUD/USD pair initially tried to rally during the day on Tuesday, but then sliced through the bottom of the shooting star that had formed on Monday. This is a market that looks very negative over the...

AUD/USD Forecast August 17, 2016, Technical Analysis

by FX Empire | August 17, 2016 5:41 am
The Australian dollar rally during the session initially on Tuesday, but turn right back around to form a bit of a shooting star that sits upon the previous resistance and 0.7675, as we await the employment numbers...

AUD/USD Forecast August 16, 2016, Technical Analysis

by FX Empire | August 16, 2016 8:12 am
The AUD/USD pair initially fell during the day on Monday but then turn right back around to form a bullish candle. By doing so, looks as if we are putting serious pressure on the resistance barrier above,...

AUDUSD Ascending Channel (Aug 16, 2016)

by Kate Curtis | August 16, 2016 4:40 am
AUDUSD has been trending higher, moving inside an ascending channel on its 4-hour chart. Price just bounced off the channel resistance around the .7750 minor psychological mark and could be due for a test of support near...

AUD/USD Forecast August 15, 2016, Technical Analysis

by FX Empire | August 15, 2016 9:52 am
The Australian dollar initially tried to rally during the Friday session but back and sold off rather significantly. The shooting star that formed on Wednesday money been your first hint that we were running the trouble but...

AUDUSD Weekly Analysis – August 14, 2016

by ForexCycle.com | August 14, 2016 2:20 pm
AUDUSD’s upward movement from 0.7144 extended to as high as 0.7755. Further rise could be expected after a minor consolidation, and next target would be at 0.8000 area. Support is at 0.7400, only break below this level...

AUD/USD Forecast August 12, 2016, Technical Analysis

by FX Empire | August 12, 2016 9:16 am
The AUD/USD pair went back and forth during the course of the session on Thursday, but looks very supportive and therefore I feel it’s only a matter of time before the Australian dollar continues to grind its...

AUD/USD Forecast August 11, 2016, Technical Analysis

by FX Empire | August 11, 2016 6:27 am
The AUD/USD pair took out during the course of the session on Wednesday, clearing the 0.7675 level. With this being the case, the market should continue to go much higher and if gold markets continue to push...