AUDUSD Analysis – October 6, 2013
No changed in our view, AUDUSD remains in uptrend from 0.8847, the fall from 0.9526 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on daily daily...
Tag: AUDUSD
AUD/USD Forecast October 7, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, but as you can see really didn’t gain much. We still see a significant amount resistance above at the 0.95 handle, and as a result we feel that...
AUD/USD Forecast October 4, 2013, Technical Analysis
The AUD/USD pair did very little during the session on Thursday, which of course is a much of a surprise considering that this is nonfarm payroll Friday. With that being the case, a lot of the risk...
AUD/USD Forecast October 3, 2013, Technical Analysis
The AUD/USD pair fell during the balance of the session on Wednesday, but as you can see bounced enough to form a hammer. We believe this is a signal of where the market “wants” to go, but...
AUD/USD Forecast October 2, 2013, Technical Analysis
The AUD/USD pair rose during the session on Tuesday, fulfilling the idea that a break of the shooting star from the Monday session would be a very positive sign. We believe that the market is now heading...
AUD/USD Forecast October 1, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, but fell backwards as the buyers lost control. The resulting candle is a shooting star, which is of course a very bearish sign. That being the case we...
AUDUSD Analysis – September 28, 2013
AUDUSD remains in uptrend from 0.8847, the fall from 0.9526 is likely consolidation of the uptrend. Key support is now located at the lower line of the price channel on daily chart. As long as the channel...
AUD/USD Forecast September 30, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, continuing to pullback. However, the 0.93 level continues offer support, and therefore it’s not the market from falling any significant amount.
AUD/USD Forecast September 27, 2013, Technical Analysis
The AUD/USD pair went back and forth during the session on Thursday, essentially going nowhere. We feel that this market has quite a bit of support at the 0.93 handle, so it’s very likely that the market...
AUD/USD Forecast September 26, 2013, Technical Analysis
The AUD/USD pair fell during the session on Wednesday, breaking down to the 0.9350 handle. However, we got enough of a bounce in order to form a hammer, and it does look like the market is ready...