The pair has been acting very bearish from the begining of this month and it might continue to do so.
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The pair has been acting very bearish from the begining of this month and it might continue to do so.
pair- aud/usd
time frame- h4
technical analysis-
http://i65.tinypic.com/1z2koec.jpg
the price is break the resistance 0.7720 level but the up movement is not able to break higher resistance at 0.7840 level. the price is moved below the 0.7780 level and the stoch indicator is also moving out overbought so down movement can expected. short with stop loss at 0.7860
good luck
Trading the Australian dollar against the US dollar positively significantly since the morning away from the support of the ascending channel shown in the image, to keep our expectations upside list effectively rest of the day, supported by a positive stochastic, pending a visit level of 0.7820 in the main, with a reminder of the importance of stability above 0.7565 and 0.7520 levels to maintain chances of continuing the expected bullish trend.
http://i.imgur.com/weTAdxi.png
Australian dollar versus the US dollar shows some bearish bias slight since the morning after the face of SMA 50 which is resistant to the instantaneous front of attempts to positive price, along with the stochastic is showing negative signs that might put pressure on the price of some temporary downside bias before resuming the bullish major trend.
http://i.imgur.com/MPdwhJP.png
In general, we continue tipping upward trend in the coming period as long as the price above the 0.7565 and the 0.7535 levels, with a reminder that the breach of 0.7680 will give a positive incentive supports good chances to go about our main objective, which resides at 0.7825.Quote:
Originally Posted by TheFxTrader
The price at the moment on the AUDUSD still going above the Ichimoku Cloud and the orange color for the current situation with a better odds for the long term trend direction to being a bullish targeting the next to meet resistance zone that founds at 0.7635 prices.
You can also mention the bearish cross occurs between the indicator's lines of Tenken Sen and Kijun sen which you can monitor that the green tenken sen goes below the line of kijun sen which we can use as a signal for a week direction as the cross comes against the trend.
0.7605 Finally I think due to this situation the resistance zone located near 0.762 have a high chance to be hit before the main target of 0.7635 hits by the qouts.
http://imagizer.imageshack.com/img92.../3G4tK2.th.gif
As followed by today?s head start the price came to flow below the Trendline affecting the market to score a downward orientation and then the price appear to begin falling to check the upcoming support range at 0.765 as the next target motion. On the other hand the bearish direction still still not confirmed by the set of trend signs as they don't have all a bearish signal so we can say the move is very likely week at the moment. By the way the TDI indicator holds near the middle edge and have a buy signal which could be a right warning that makes you think of joining with the bearish direction till it changed the bullish signal.
http://fs5.directupload.net/images/160502/ci49ega3.gif
according to the current pricese which is on the chart of the AUDUSD keeps going above the Ichimoku Cloud while the indicator have a blue color currently which always taken as a good confirmation for the long term direction to be bullish with a good target to be set within the next resistance zone which located at 0.76 prices.
Also whithin this direction there are bullish cross between the two lines of Tenken Sen and the Kijun sen where the green line of tenken sen goes above the line of kijun sen which we can use as a signal for a strong direction as the cross comes with the trend.
0.757 In this case the resistance zone located near 0.7585 have a big opportunity to be hit before the target of 0.76 attained.
http://imagizer.imageshack.com/img92.../XLG4VC.th.gif
After Today opening the price heads below the Trendline indicator and leads the market to a downward direction and then the value seems to start falling pulling the boundary of the support stages at 0.758 while the next target move. further the bearish trend still not confirmed by the set of trend signals as they don't have all a bearish signal so we can say the indicators is it may be week momentary. Additionally the TDI index retains on the lower edge and have a sell signal which could be a excellent confirmation for the thinking of joining with the bearish direction till it changed the bullish point.
http://fs5.directupload.net/images/160503/6vv5eyhq.gif
After the present launch of the price heads below the Trendline indicator and leads the market to a downward direction and then the worth seems to start falling pulling the boundary of the support range at 0.749 as the next target motion. On the other hand the bearish trend still not confirmed by the set of trend indicators like the don't achieve all a bearish way that we assume the next move to be week at the moment. with the way the TDI indicator persevere near the middle edge and have a buy sign which might be a good warning for the cogitation of get in with the bearish drift till maintains the bullish signal.
http://fs5.directupload.net/images/160504/r6sl4mlh.gif