AUDUSD: The AUD is still trending up but with embedded high volatility. On its recent pullback it found support at it’s 200 day moving average which also coincided with trend line Support (see blue arrow). The 50...
AUDUSD has formed a cycle top at 0.9221 level on daily chart. Further decline is expected in next several days, and target would be at 0.8700 area. However, the fall from 0.9221 is treated as correction of...
AUDUSD remains in uptrend from 0.8315. Further rise to 0.9300 resistance zone is still possible next week, and minor consolidation would more likely be seen after reaching the resistance zone. Key support is at 0.8905, any pullback...
USDCAD: This has been a volatile pair to watch because it is trading in between the major moving averages. However, for the near term the CAD has now finally retaken the 100 day moving average. Additionally, the...
GBPUSD: The GBP surge, since bottoming at 1.43 in mid May has been impressive to say the least. We have commented before that price action on the GBPUSD is fairly quick between a 1.50 and 1.60 handle.
AUDUSD remains in uptrend from 0.8066. Further rise is still possible next week and next target would be at 0.9200 area. Key support is now at 0.8905, as long as this level holds, uptrend could be expected...
AUDUSD’s bounce from 0.8066 extends to as high as 0.8970 level. Further rise is expected next week and next target would be at 0.9200 area. Key support is at 0.8632, only fall below this level could turn...
According to wave count this currency pair is now developing potential wave C of the intermediate uptrend. The wave will be confirmed if 0.8870 is broken to the upside
Moving averages can be used during trending and ranging time periods. If price had been moving ahead of the 50 day moving average or trading below the 200 day MA for a significant period of time and...
After breaking above 0.8858 resistance, AUDUSD pulled back from 0.8870 level, suggesting that a cycle top is being formed on daily chart. Deeper decline to 0.8400 area would more likely be seen in a couple of weeks....