AUD/USD Weekly Report:
In yet of the fact that the AUD/USD ranged close to 100 pips last week. The pair ended the session unchanged and formed a clear-cut weekly indecision candle. Given this, we still have our eye on a particularly interesting weekly support. Merging with a weekly channel support extended from the low 0.6827 and a weekly 50.0% value at 0.7475 taken from the high 0.8125. There’s a nice-looking weekly AB=CD (see black arrows) 161.8% Fib ext. point situated at 0.7496. A closer look at price action on the daily timeframe reveals that price painted. A rather bearish picture from the word go last week. It was only on Friday did the tables turn and the bulls push higher. What this did, nonetheless, is highlight a potential daily AB=CD bearish formation (see black arrows) that completes around the 127.2% daily Fib ext. point at 0.7685.
0.76 9-0-0656, which position is in the upper wall of the daily supply zones.
Across on the H4 timeframe, we can see that Friday’s upsurge took place amid the later hours of the day. President Trump’s former national security advisor, M.Flynn, pleaded guilty to lying to the FBI regarding talks with Russia’s ambassador.0.76 Hall had a dirty break and was steady at the same time when H4 was resisted in 0.7632. Hits: According to our techniques, the current prices are not only long nor short. We will be interested in daily daily delivery, especially around the alert daily AB = CD completion point. On the buy side, the 0.75 handle is the area that continues to stand out, due to its weekly/daily confluence.
Levels to watch/
In yet of the fact that the AUD/USD ranged close to 100 pips last week. The pair ended the session unchanged and formed a clear-cut weekly indecision candle. Given this, we still have our eye on a particularly interesting weekly support. Merging with a weekly channel support extended from the low 0.6827 and a weekly 50.0% value at 0.7475 taken from the high 0.8125. There’s a nice-looking weekly AB=CD (see black arrows) 161.8% Fib ext. point situated at 0.7496. A closer look at price action on the daily timeframe reveals that price painted. A rather bearish picture from the word go last week. It was only on Friday did the tables turn and the bulls push higher. What this did, nonetheless, is highlight a potential daily AB=CD bearish formation (see black arrows) that completes around the 127.2% daily Fib ext. point at 0.7685.
0.76 9-0-0656, which position is in the upper wall of the daily supply zones.
Across on the H4 timeframe, we can see that Friday’s upsurge took place amid the later hours of the day. President Trump’s former national security advisor, M.Flynn, pleaded guilty to lying to the FBI regarding talks with Russia’s ambassador.0.76 Hall had a dirty break and was steady at the same time when H4 was resisted in 0.7632. Hits: According to our techniques, the current prices are not only long nor short. We will be interested in daily daily delivery, especially around the alert daily AB = CD completion point. On the buy side, the 0.75 handle is the area that continues to stand out, due to its weekly/daily confluence.
Levels to watch/
- Buys: 0.75 region (50-70 pip stop loss).
- Sells: 0.7680 region (stop loss: 0.7720).
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