Month: August 2016

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD found support around the shorter-term moving average and has moved higher. Price continues to move within the bullish channel though and could also be consolidating within a tightening upwards triangle pattern. The moving averages continue to be …

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD was bullish in yesterday’s trading sessions and reached the channel resistance area. Price has since retraced some of the bullish move and is nearing the moving averages. The bullish moving averages are tightening and looking more bearish, …

AUDUSD – 1 Hour Chart The AUDUSD was very bearish during yesterday’s trading sessions. Price has been initially bullish this morning and is finding support at a potential channel support area. The moving averages continue to be bullish and are widening, suggesting that price may attempt a bullish move towards the upwards …

AUDUSD – 1 Hour Chart The AUDUSD was very bullish during Friday’s trading sessions. Price has moved and closed above some key resistance levels and the bullish moving averages are widening – all suggesting that the bullish move could continue. If price retraces before moving higher, buying opportunities could exist …