AUD/USD Forecast June 21, 2016, Technical Analysis
The AUD/USD pair tried to rally during the course of the day on Monday, but gave back about half of the gains in order to form a bit of an exhausted looking candle. That being the case,...
Tag: AUDUSD
AUDUSD Weekly Analysis – June 19, 2016
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend. Range trading between 0.7144 and 0.7550 could be expected over the next several weeks. As long as 0.7550...
AUD/USD Forecast June 20, 2016, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Friday, and as you can see the 0.74 level seems to be a bit of a magnet for price. With that being the...
AUD/USD Forecast June 16, 2016, Technical Analysis
The AUD/USD pair rose slightly during the course of the day on Wednesday, but quite frankly looks as if the market is simply grinding away. If we do break out above the top of the range for...
AUD/USD Forecast June 15, 2016, Technical Analysis
The AUD/USD pair went back and forth during the day on Tuesday as we continue to bang around just below the 0.74 level. We are currently sitting right at the 50 day exponential moving average, and of...
GBPAUD Complex Head and Shoulders (June 15, 2016)
GBPAUD recently broke below a long-term rising trend line, indicating that a selloff is about to take place. Price has since pulled up to this broken support area and looks ready to resume its drop. In addition,...
AUD/USD Forecast June 14, 2016, Technical Analysis
The AUD/USD pair rallied during the course of the session on Monday, but turned back around to form a bit of a shooting star. However, I do see quite a bit of noise just below, so I’m...
AUDUSD Weekly Analysis – June 12, 2016
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend. Resistance is at 0.7550, as long as this level holds, the downtrend could be...
AUD/USD Forecast June 13, 2016, Technical Analysis
The AUD/USD pair fell slightly during the course the day on Friday, slicing through the 0.74 handle. Because of this, and of course the fact that we ended up forming a shooting star on the weekly chart,...
AUD/USD Forecast June 10, 2016, Technical Analysis
The AUD/USD pair fell during the course of the session on Thursday, testing the 0.74 level. There is a significant amount of support at that area as we have seen quite a bit of resistance there as...