AUD/USD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 18 days and suggests a target line to be around […]
AUD/USD has experienced an exceptionally large movement higher by 2% from 0.688 to 0.702 in the last 13 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? If you open a live account with a broker that support Autochartist, you’ll get: Analysis […]
AUD/USD has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 0.7027 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
AUD/USD is heading towards the support line of a Pennant. If this movement continues, we expect the price of AUD/USD to test 0.6901 within the next 22 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 […]
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 […]
