AUD/USD IS PUSHING DOWN
Hi traders,
Weekly Analysis: The market on the Aussie dollar is on a descending channel with swing highs and swing lows in a corrective stage on the weekly. Price is in a bearish impulsive move within the channel.
Daily Analysis: Price is making an ascending channel on the daily within the weekly channel. Price action on the daily is in a bearish correction move to the downside.
Fourly Analysis: Price is making a descending impulsive channel on the fourly within both HTF.
One Hourly Analysis: Price on the hourly, is making a descending impulsive channel as well. However, price could evenually make a smaller bullish correction and then back down for a continuation.
Weekly Analysis: The market on the Aussie dollar is on a descending channel with swing highs and swing lows in a corrective stage on the weekly. Price is in a bearish impulsive move within the channel.
Daily Analysis: Price is making an ascending channel on the daily within the weekly channel. Price action on the daily is in a bearish correction move to the downside.
Fourly Analysis: Price is making a descending impulsive channel on the fourly within both HTF.
One Hourly Analysis: Price on the hourly, is making a descending impulsive channel as well. However, price could evenually make a smaller bullish correction and then back down for a continuation.
Note
Note
Note
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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.