Using technical analysis i've noticed a huge sell opportunity on 'Aussie' (AUD/USD). i plotted my fibs on the daily and notice a Fibonacci retracement at the 38.2 % level. This is an aggressive level which is indicating that price is heading to around 0.76250-0.7500. Also, this currency has been in a uptrend channel for quite some time now. Price finally created...
I believe that this currency will hit my target 1.2000 sometime this week or either next week. This pair has been trending for quite sometime after it made a higher low in the in the 1.3000 price range highlighted with a purple box. My fibonnaci retracement levels were also drawn on the chart for added confirmation. The C retracement corrects right onto the down...
For some time now the dollar has been crashing. Now, if you look at the TVC:DXY on your monthly chart from the 20th century to the 21st century. Price has shown clear signs its been in a downtrend channel for long time now. since recently around 2016 price finally tapped the channel once again, and now i believe price is looking to hit 80$ or even lower since my...
As you all can see price has been in a downtrend phase for quite a while now. Price tried to break my trendline but it receded back in the downtrend phase. Price also made a fib c on my 38 % fib level and it is now currently moving downward aggressively. My moving averages have also crossed to the downside with continuing bearish candle sticks. From all the...
I believe that eur_aud will continue to fall. Price rejected my fib level 38% level and then price started to fall hard. With continuing bearish movement. Also my MA's crossed over to the downside for added confirmation that price will arrive at 1.3250.
For now it looks as if gold is going to my mothly resistance level to act as support for now. Also keep mind that I've never traded live before so plz don't take a trade on my bias this is just an idea
