Daily Technical Analysis

Forex Analysis – AUDUSD Bullish Bat Setup 0.7326

Forex Analysis – AUDUSD Bullish Bat Setup 0.7326

On the AUD.USD 1hr chart we’ve a possible long opportunity’s at the D leg completion of bullish Bat setup. the price reversal zone on this pair is between 0.7326 and 0.7311 The PRZ zone is only a guideline of where we’ll be paying attention for trade setups and opportunity’s. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. there’s also chance to look for extended targets at 0.7426 Stop loss would be placed below X leg structure support. Target one – 0.7371 Target two -0.7398

forex analysis

In Other View Point – Basic and Advance Patterns Together – Cypher – ABCD

This is how my chart looks on the AUDUSD, This does not mean anything just yet but, I have a good Idea on what I will do If the market pushes down.

forex analysis

In Other View Point – Only short at AUDUSD – the question is: from which lvl

All at screen: now sitting, w8ting and learn about FX

forex analysis

 

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Mohammad Riad

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  • AUD/USD Technical Analysis: November 28, 2016

    Base metals, ore, in particular, presented a positive outlook on Friday which supported the Aussie to strengthen. The AUDUSD were able to expand its short-term upward trajectory and made a higher high on the same day.

    The AUD entered the 0.7450 level but suddenly fell flat to reclaim it. The pair tested the level, moved lower and stayed within the 0.7450 region ahead of the opening of NY session. Both Aussie and greens made a reversal from its daily high and rebounded to the area of 0.7400 amid the North American trading session.

    According to in the 4-hour chart, the pair broke the bearish 50-EMA whereas the indicator’s growth appears to be sluggish. Moving averages (50, 100 and 200 EMAs) expanded its declines as shown in the same time chart. Current resistance can be found at 0.7450, support pierced the 0.7400 region. MACD arrived in the positive zone. RSI accelerated touching the overbought territory.

    There is a possibility for the pair to continue an upward trajectory near the 0.7500 when it breaks the level on top of the 0.7450. Should the pair stayed down from the 0.450, the price will edged lower and reverse its gains. In light of this, sellers were able to push the price towards 0.7350 and 0.7300.

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