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AUD/SGD towards the lower border of a weekly channel

AdamFx42 Опубликовал 12 Окт. как анализ AUD/SGD , Цель: 1.0911, Дата: 1-е Декабря, 12:00 GMT в #Technical analysis #Weekly Channel #AUD/SGD #Fibonacci Expansion Level #Bearish Action

Aud/Sgd to me - has a beautiful technical setup,
all seems clear and price action is at work and speaks for itself
The weekly bearish channel the pair is in shows a strong bounce from the upper border
Price has broken through and retested the 61.8% fibonacci expansion level of the last weekly move down
The fast move down is supported by a bearish RSI, which should lead price further down to the lower border of the channel
Aud/Sgd weekly chart
On the daily chart we see that the 61.8% fibonacci ex…

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Inverted H&S in AUD/SGD

AdamFx42 Опубликовал 25 Авг. как анализ AUD/SGD , Цель: 1.1540, Дата: 1-е Октября, 12:00 GMT в #Technical analysis #AUD/SGD #Daily Channel #Weekly Inverted Head And Shoulders

I detect the possible forming of a weekly Head and Shoulders pattern in Aud/Sgd,
as we can see here on the weekly chart:
Aud/Sgd weekly chart
On the daily chart we see that price action has just broken out of a daily bearish channel
and for the second shoulder on the weekly chart to form
the price will have to fall back inside the channel:
Aud/Sgd daily chart
If the price remains outside the channel down there is still the chance
that the fibonacci expansion area of last move down leads the pair…

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AUD/SGD towards the lower border of a weekly channel

Inverted H&S in AUD/SGD