As per my previous idea, I was looking for a long trade on AUD/USD. Price was sitting in a bullish trend and had just bounced off the support and 200EMA on the 4hr chart.
Since then, we have seen some nice upside movement, but it has pulled back at times too. From looking at the 1hr and 30m charts, there is some clear resistance at around 0.63790 with price...
Just wanted to provide my analysis and thoughts of AUD/USD as it currently stands.
Price has been making a move to the upside in a bullish channel, since around mid to late March. Over the last two days, it appears to have found some resistance around the 0.64400 mark and looks now to be moving downwards to retest the upwards channel support. From my standpoint,...
CAD/CHF has been moving below the 200 period EMA for a while now. Whilst below we are looking for sell trades only. The pair made a lovely and strong move to the downside before pulling back slightly in a bullish channel. We saw a test of the 200EMA before falling back down, breaking the bullish channel support. I would expect some pullback and thus stop loss has...
