killer195175's Blog

Avatar

AUDUSD making Head and Shoulder on Daily chart

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
AUDUSD Weekly Chart
  • The MACD on the weekly chart has entered the positive zone. The histogram suggests the buyers taking control of the market.
  • The RSI is almost vertical and headed high and shows the strength of the pair.
Read full story
Translate to English Show original
killer195175 avatar

UPDATE-2
The pair has managed to make a high of .7731 and got rejected from the same level. Now a downside is open but the pair seems to hold as of now and the pair is trading at .7678 at the time of writing this post. If the Australian dollar holds its strength then our target of .7730 is not far. Let us see what happens tomorrow.

killer195175 avatar

The pair moved very quickly to the downside and made a low of .7664. The further downside seems possible. Our target of .7730 seems very far.

killer195175 avatar

UPDATE-5
Now only a bad data from United states on Monday can make our targets meet. Let us see how the data comes. But I expect a good data from America. So the chances of hitting the target are less.

killer195175 avatar

UPDATE-6
The pair is trading almost 55 pips below our target price of .7730 at .7675 at the time of writing this post. A positive news flow from Australia may take us near to the target. But it is just a speculation. Let us see how the things unfold tomorrow.

killer195175 avatar

UPDATE-7
After shedding around 77 pips from the high of .7738, the pair has managed to close above .7680 on the hourly timeframe. If the price closes above .7690 today then we can see the .7730 levels tomorrow at 1200 GMT.

orto leave comments
Avatar

AUDUSD

The AUDUSD pair also looks like in the symmetrical triangle for the past few months and if it stays within the triangle then on 1 Nov 16 the pair will be near 0.7650
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Happy Trading.
Read full story
Translate to English Show original
TInna avatar
TInna 29 Sep.

Отлично!

killer195175 avatar

Благодарим Вас за поощрение меня

killer195175 avatar

Until now the AUDUSD is following the triangle drawn by me. Let us see if it is able to break on the either side before reaching my target. As the RBA rate statement will come tomorrow so there is a chance of break. If no effect of statement then we can see .7650 on 1 Nov 16.

killer195175 avatar

After RBA rate decision at the time of writing this post the AUDUSD is exactly at my predicted price of 0.76500.  Let us se how far it goes in next 6 hours as GMT 1200 is just 6 hours away.

orto leave comments