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AUDSUD for 1st Cotober

rashadali Posted 18 Aug. as Analysis on AUD/USD, Target: 0.72, Date: 1st of October, 12:00 GMT  in #Technical analysis #AUD/USD
On weekly chart we can crearly see that price formed double top meeting strong resistance around 0.81 and droped bellow uptrendline. We can see that price is heading towards support zone bellow 0.720
on daily chart we also see strong downtrend. price broke bellow support aroun 0.7320
MACD shows divergence but did not rise above 0 line.
ADX is not showing sign of strong trend.
CONCLUSION: Price should continue falling. It may show some retrace before continuing to fall. We may see price around …
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AUDUSD for August

rashadali Posted 25 June as Analysis on AUD/USD, Target: 0.76, Date: 1st of August, 12:00 GMT  in #Technical analysis #AUD/USD
On weekly chart we can see that price was moving in uptrend channel but lately broke above.
MACD showed divergence before price fall.
On daily chart we can see that price is in downtrend. Latel y macd showed divergence/ ADX rose above 25.
We may see rpice pull bakc till nearest resistance around 0.76 till August.
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AUDUSD for July

rashadali Posted 25 May as Analysis on AUD/USD, Target: 0.76, Date: 2nd of July, 12:00 GMT  in #Technical analysis #AUD/USD
On weekly chart we see that price broke below uptrend. And also bounced from 50% fibo.
On daily chart we can see a downtrend. ADX rose above 25 but falld above again.
MACD is bellow 0 line but rising.
CONCLUSION: Downtrend lost its power. I expect price to rise up to downtrendline and then fall again and move sideway.
Price may be around 0.76 till July
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AUDUSD for 1st May

rashadali Posted 6 Mar. as Analysis on AUD/USD, Target: 0.77, Date: 1st of May, 12:00 GMT  in #Technical analysis #AUD/USD
Weekly chart
FIBO(29Jun2014-03Jan2016) price spend most it's time bellow 38% and 23% levels i a declining manner.
Bollingers: price crossed central line and moved towards upper band lately. But couldn't touch upper band and moved back to central band.
RSI: Is above 50 level but moves down.
Daily chart:
Bollingers: Price crossed central band and pushes lover band.
RSI is below 50 line and declining.
CONCLUSION: I expect price drop to 23% level and bounce up again. Price may reach 0.77 level on …
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