EU has been bullish and via my analysis price could have a target of 1.108.
On a 30m fib price is currently at -27. I am looking for a slight pullback for a long entry.
Aussie Dollar is at a level I see as potential reversal. There is a 4h fib in place and price is currently sitting around the -27.
Price has also been rejecting the price of 0.682. The second rejection of the price a bearish engulfing was formed. There is also divergence with price. Price is making higher highs, while the RSI is making lower highs.
I am looking...
Keeping everything short Aussie Dollar is at two levels of resistance on minor structure. On major structure price is at a level of resistance, The Red Monthly TL. I am watching two levels above and below price. The above level is the High made on Wednesday. The below level is an 1H Imbalance. I have alerts on these two areas with a break above/below followed by a...
OANDA:AUDUSD
The overall trend for Aussie Dollar has been bullish. There has yet to be a break in structure to tell us the Aussie Dollar is going to begin to sell.
However with Price making its way to the Red Weekly downtrend, I am expecting for price to begin to show some kind of selling momentum.
As I said above there has yet been a break or change in...
OANDA:AUDUSD
Via my analysis Aussie Dollar is still having buying momentum. At the time of this publishing AU has reached into a resistance zone. A slight pullback to the Green 4h trendline is what i am anticipating. With the Green 4h trendline being great support, I see price continuing to buy and make higher highs.
A break below the Green 4h trendline can...
OANDA:AUDUSD
The previous week of Aussie Dollar was Bullish:
1. Aussie bought on Sunday, closed above the previous high.
2. Retested the previous high and began to buy higher.
3. Monday closing and Tuesday opening made a higher high.
4. Aussie began to make a series of lower lows and lower highs.
5. Wednesday completed the correction and with a few...
OANDA:AUDUSD
This upcoming week of Aussie Dollar, via my analysis, price will continue the trend and trade lower. Current price is in a consolidation right after great selling momentum. Two thing happen from here and its simple: Price trades above or Price trades below.
Via my analysis, price could trade above the consolidation and come back to reject the...
NZD has been respecting black 4h down trend,
NU has yet to retest the orange 4h up trend that it has broken,
I am looking to trade the break above the black TL with the orange Tl as the target,
I am then looking to trade the retest/rejection of the orange TL
A/U consolidated for the previous week, I am thinking we consolidate again the final week,
we consolidate between 0.67116 & 0.66269 (purple and orange trendline),
with daily close between 0.66653 & 0.67116 (gray rectangle)
Overall Bearish on A/U, the Daily timeframe is still showing bearish divergence,
Daily price: higher high (line chart), Daily RSI: lower high,
A/U has been consolidating around it's Daily Downtrend (solid orange line),
A/U has yet to make a major price move from this area,
the longer the consolidation the greater the move,
at this current moment A/U is at the mid...
A/U has recently broken its daily downtrend,
we have yet to retest it.
I am looking to see A/U come down from the consolidation area to retest this Daily downtrend.
Before a continuation to the upside.
On the daily we have a clear divergence, price making higher highs while RSI is making lower highs,
We also presently broke above the daily uptrend and fell right back under it,
my thinking is if this were a clear break we would have a bigger move with more momentum,
since we have fallen back under the daily downtrend, I am thinking this was a fake breakout,
What...
Price is currently at the weeks supports uptrend, from here I am bullish
I however would like to see a break of the consolidation and also the above the daily resistance,
for me to look to enter long with confidence.
G/A has broken from its consolidation zone and has reached a resistance that has been respected more than once,
I suspect us to break below 1hr uptrend line, for a continuation down to the top of the gap
Here on AU we are at major downtrend resistance from the weekly. We have yet broken minor structure to give me another confirmation to short AU. I do see AU closing lower for the week.
Here G/U is at its previous major high/resistance from Aug. 1 and Aug. 10,
I suspect this area to need a load of momentum to break above,
I however am looking for a short from this zone if we comtine to hold under,
the price target I would be looking for is the previous minor swing low 1.21452
