AXY trade ideas
AXY ShortShown in chart.
I really like the setup of AXY and hopefully daily candle closes below long term resistence line which would be even a stronger indicator that we are looking to test the support line at least.
AUSTRALIAN DOLLAR INDEX APPROACHING RETRACEMENT LEVELEXPECT RETRACEMENT AT 0.615 FIB, HENCE AUD IS EXPECTED TO BE WEAK IN THE COMING WEAK IF IT WILL RESPECT HEAD AND SHOULDER REVERSAL PATTERN.
AXY- Australian dollar Technical Analysis for WC 28-10-2019The Australian dollar fell from 68.8 to 68.3 at the end of last weeks session erasing almost half of the previous week gains. The Index closed the week's trading session at 68.3 after bouncing back at 68.2. The long term outlook still looks strong, but it will need to remain above 68.0 to make its way back to 68.5 and 68.8. A drop in prices below 68.0 could drive prices down to around 67.8
AUD potential Bullish run for a medium term periodA break and close above 67.7 price level will expose a test of 68.8 price level after which there will be a correction.
AXY (AUD INDEX) - Long at H4* 50% for all predicting.
- Weekly: Pinbar for rejection.
- Daily: Divergence at MACD-H và RSI, ATR up
- H4: break up the EMA 20
