AUDUSD Daily Analysis – August 29, 2014
AUDUSD is now in uptrend from 0.9237. Further rise is still possible after a minor consolidation, and the target would be at 0.9450 area. Support is at the upward trend line on 4-hour chart, only a clear...
Tag: AUDUSD
AUD/USD Forecast August 29, 2014, Technical Analysis
The AUD/USD pair tried to break out during the day on Thursday, but struggled to get out of the consolidation area, forming a massive shooting star. The shooting star of course signifies that the bearish pressure is...
AUDUSD Daily Analysis – August 28, 2014
AUDUSD broke above 0.9343 resistance, indicating that the downtrend from 0.9504 (Jul 1 high) had completed at 0.9237 already. Further rise could be expected, and the target would be at 0.9450 area. Support is at 0.9300, only...
AUD/USD Forecast August 27, 2014, Technical Analysis
The AUD/USD pair tried to go higher during the course of the day on Tuesday, and did gain a bit. However, you can see that we continue to hang about the 0.93 level, as the consolidation area...
AUDUSD Daily Analysis – August 27, 2014
AUDUSD moved sideways in a trading range between 0.9237 and 0.9343. As long as 0.9343 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1 high), another...
AUD/USD Forecast August 26, 2014, Technical Analysis
The AUD/USD pair tried to rally during the session on Monday, but fell back down and formed a shooting star. That being the case, the market looks like a market that is still trying to go sideways....
AUDUSD Daily Analysis – August 26, 2014
AUDUSD failed to break above 0.9343 resistance, and stayed in the trading range between 0.9237 and 0.9343. As long as 0.9343 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
AUDUSD Daily Analysis – August 25, 2014
AUDUSD moved sideways in a range between 0.9237 and 0.9343. The price action in the range is likely consolidation of the downtrend from 0.9504 (Jul 1 high). As long as 0.9343 resistance holds, the downtrend could be...
AUDUSD Weekly Analysis – August 24, 2014
AUDUSD stays in the trading range between 0.9202 and 0.9504. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, another rise to 1.0000 area...
AUD/USD Forecast August 25, 2014, Technical Analysis
The AUD/USD pair broke higher during the session on Friday, but as you can see ran into enough resistance to turn things back around and form a shooting star. The shooting star of course is a negative...