AUDUSD -- Chart of the Day

Apr 12, 2018 at 08:37
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8 Replies
Membro Desde Feb 11, 2018   232 posts
Apr 12, 2018 at 08:37
Now test key resistance zone.

If today no touch 0.7782, some pullback is likely.

0.7711/7685/7670 serve as 1st support.





Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 12, 2018 at 08:39
If weekly close back above 200 period MA, will be a classic bullish false break.

However, we see price already closed below monthly Ichimoku cloud.

Weekly Long term uptrend line is just below.



Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 12, 2018 at 08:39
How the trend develop between 0.7605 and 0.7775/7832 is very important.



Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 13, 2018 at 07:21
AUDUSD

Still in a narrow range.

Go short against the downtrend channel and 100 day ma looks have good risk-reward.

If so, today will not touch or close above 0.7784.

Close below 0.7736 will be the first reversal sign.

If today close above 0.7756 or close above the downtrend channel, will indicate a potential bullish false break.



Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 16, 2018 at 07:19
AUDUSD

Price already opened above the downtrend channel.

A daily shooting star was flagged last Friday.

Short term some pullback is likely.

If seen, dips toward 0.7747/0.7729 still should be bought again 0.7670, look for 0.7846/84.

Directly close below 0.7670 may test 0.7602 key support level.



Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 17, 2018 at 06:07
AUDUSD

After the daily shooting satr candle, Aussie is consolidated about the downtrend channel from January.

However, price already close above 200 week ma.

Also we see some positive signs on daily MACD and weekly oscillator.

Although it's too early to call a major trend reversal, I still suspect the uptrend is not over yet.




Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 18, 2018 at 07:08
AUDUSD: Unfinished 5 wave rally?

AUDUSD traded in a tight 30 pips' range.

On intraday chart, we could see the rally from 0.7640 is a small 5 wave up pattern.

If 5=1, next target should be 0.7821.

For now the price is still in the uptrend channel.

If the uptrend resume, we could not rule out directly test 0.7821/0.7853.

A small abc correction toward 0.7731 is also likely.

If today close above 0.7792, that will be the first sign of uptrend acceleration.

Directly close below 0.7640 will negative this view.


AUDUSD Trade Idea:

Buy limit @ 0.7729 stop 0.7700 for 0.7846/0.7894




Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 20, 2018 at 12:14
AUDUSD: The uptrend is over?

AUDUSD reversed from 0.7812, exactly rejected by monthly Ichimoku Tenkan-sen.

Price already dropped below uptrend channel and threatens to close back below 200 week MA.

We suspect the uptrend is already over.

If so, today ideally should not close above 0.7750.

Directly close back above 0.7812 will negative this view.

AUDUSD Trade Idea:

Sell at market, spot 0.7724, add 0.7747, stop 0.7813 for 0.7574.




Anexos:

Membro Desde Feb 11, 2018   232 posts
Apr 23, 2018 at 10:26
AUDUSD: Take some profit and look to fade rallies toward 0.7689/7717

The decline of AUDUSD on Last Friday was clearly impulsive.

Price closed back below 200 week MA again.

On intrady chart we see it could be counted only for 1 wave.

In this case generally upside should be limited.

According to my system, we have both daily and weekly sell signal, which could be translated into a strong sell signal.

We suggest to taking 2/3 profit on last Friday's sell trade from 0.7724, spot 0.7658.

Look to add short positions on rallies toward 0.7689/0.7717.

Weekly close back above 200 week MA will challenge this view.

Directly close above 0.7812 will negative this view.

AUDUSD Trade Idea: (Holding 1/3 short position from 0.7724)

Sell Limit @ 0.7689 SL @ 0.7813 Take Profit @ 0.7574 (if seen, add 0.7717)

Anexos:

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