For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptionally large amount of consecutive bearishcandles on AUD/USD. The movement has happened over the last 7 days. For those trend followers among you, you may think about riding this trend. Did you know that our social […]
By: Dima Chernovolov AUD/USD continues to fall inside the daily Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 7-bar level – which is the result of the slow Initial Trend (2 bars), above-average (6 bars) and strong Clarity (8 bars). AUD/USD is expected […]
The breakout of AUD/USD through the 0.6968 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of AUD/USD to test 0.6949 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation […]
AUD/USD is moving towards the resistance line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUD/USD continues in its current trajectory, […]
AUD/USD is moving towards the resistance line of a Channel Up. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within […]
AUD/USD is heading towards the support line of a Channel Down and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
The movement of AUD/USD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
AUD/USD is heading towards a line of 0.6934. If this movement continues, we expect the price of AUD/USD to test 0.6934 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
AUD/USD is moving towards the resistance line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUD/USD continues in its current trajectory, […]
AUD/USD is approaching the support line of a Triangle. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 23 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short […]
