AUDUSD WEEKLY ANALYSIS
Hey traders hope everyone is having a great weekend.
AUDUSD is currently experiencing a retrace on the weekly charts.
Per my analysis last week, I am still bullish on the AUDUSD until it reaches the target of the yellow line.
This upcoming week we may see the retrace continue, but I am still bullish.
Last week price moved down, but the Friday's daily candle closed in a doji indicating an indecision point.
Using Fibonacci analysis, this current retrace is currently at the 38.2 Fib Level on the H1/H4 charts.
This only determines my bias for the week which may change. Trade what you see guys. I will update with possible setups.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
TikTok: Forexshinobi
ForexShinobi
AUDUSD is currently experiencing a retrace on the weekly charts.
Per my analysis last week, I am still bullish on the AUDUSD until it reaches the target of the yellow line.
This upcoming week we may see the retrace continue, but I am still bullish.
Last week price moved down, but the Friday's daily candle closed in a doji indicating an indecision point.
Using Fibonacci analysis, this current retrace is currently at the 38.2 Fib Level on the H1/H4 charts.
This only determines my bias for the week which may change. Trade what you see guys. I will update with possible setups.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
TikTok: Forexshinobi
ForexShinobi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.