AUDUSD Analysis Overview
AUDUSD analysis Overview -
Monthly Chart - monthly closure was a doji showing some indecision for the time being, furthermore can be observed that monthly chart is under some type of consolidation rn. https://www.tradingview.com/x/ylBGM5L9/
Weekly Chart - furthermore the consolidation from the monthly chart can be further observed on the weekly chart. Previous weekly candle was also a doji no giving continuation to the bearish momentum from the previous week. ( no long term for me atm, keeping an unbiased opinion until breaking out of this consolidation)
https://www.tradingview.com/x/zj6ap4Iw/
Daily Chart - still maintaining uptrend, consolidating for the last month and half https://www.tradingview.com/x/tmrVGHv9/
H4 Chart - this daily consolidation can be seen as a range which broke the resistance level and came back down to the bottom of the range but yet respecting the support level. https://www.tradingview.com/x/fFRv94Vn/
30m Chart - after bouncing from H4 support broke previous level of resistance and created a new high... Ideal scenario would be to see a pull back to enter on. a long position to ride it to the resistance level. https://www.tradingview.com/x/oENB0jxT/
Monthly Chart - monthly closure was a doji showing some indecision for the time being, furthermore can be observed that monthly chart is under some type of consolidation rn. https://www.tradingview.com/x/ylBGM5L9/
Weekly Chart - furthermore the consolidation from the monthly chart can be further observed on the weekly chart. Previous weekly candle was also a doji no giving continuation to the bearish momentum from the previous week. ( no long term for me atm, keeping an unbiased opinion until breaking out of this consolidation)
https://www.tradingview.com/x/zj6ap4Iw/
Daily Chart - still maintaining uptrend, consolidating for the last month and half https://www.tradingview.com/x/tmrVGHv9/
H4 Chart - this daily consolidation can be seen as a range which broke the resistance level and came back down to the bottom of the range but yet respecting the support level. https://www.tradingview.com/x/fFRv94Vn/
30m Chart - after bouncing from H4 support broke previous level of resistance and created a new high... Ideal scenario would be to see a pull back to enter on. a long position to ride it to the resistance level. https://www.tradingview.com/x/oENB0jxT/
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