On the eur/aud, I see bullish momentum followed up by retracement levels between 0.5 and 0.618 which indicates great pullback. Price seems to respect the support zone and does retest it as well so I'm hoping for a clean retest with the price moving higher.
everyone trapped. Market makers says thanks for your liquidity now balls deep long. If you look its coinciding with COT reports on a turnaround. JPY futures is topping out /AUD futures is bottoming
AUDUSD - Is this a throwback ? - I am waiting for a strong bullish candle.
AUDUSD Technical Analysis AUDUSD has been in consolidation zone since early 2016, the price barrier was from 0.6884 to 0.7773. Auzzie tried to breakout through this area numerous times but failed. However, last week auzzie smashed through previous resistance, and on Monday it retested the new support 0.7785 (previous resistance). Since AUDUSD has finally broken...
Above Weekly support 0.7558, MA crossover. Heading for Monthly R 0.7665.
Looks like a possible double top on the Ozzie vs Loonie. Price tested the initial close high at about 1.0065 twice. There is a strong bearish divergence on the RSI, so let's see if the bears can hold and drive the price lower. Stop-loss at 1.0110 - this is 10 pips higher than the 1.0100 level. First take profit level at 0.9850 Hoping for second take profit level at 0.9650
Auzzie is under monthly support which could be new resistant. As US Dollar gets stronger we can expect huge downfall!
We had a small pull back and now auzzie is back on its way to 0.8000. Perfect time to add some longs!