Month: September 2016

AUDUSD – 1 Hour Chart The AUDUSD was bullish during yesterday’s trading sessions and has moved above the clear horizontal resistance levels at 0.7490 and 0.7500. The bearish moving averages are becoming more bullish and are tightening, suggesting that price could continue to move higher. Buying opportunities could exist around …

AUDUSD – 1 Hour Chart The AUDUSD is currently moving within a sideways channel and is lacking momentum after the recent sell-off. The moving averages continue to be bearish though, suggesting that price could still move lower. Selling opportunities could exist as price moves below the horizontal support at 0.7450. …

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, price found resistance around the shorter-term moving average and moved below the horizontal support area – concluding a very bearish day for the AUDUSD. Price is now retracing some of the recent downwards move. The moving averages are bearish but are …

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD was initially bearish during yesterday’s trading sessions and reversed bullish around the horizontal support at 0.7500. The bearish moving averages continue to widen, suggesting that price could attempt another move to the horizontal support area. Selling opportunities …

AUDUSD – 1 Hour Chart The AUDUSD was very bearish during Friday’s trading sessions. The moving averages have crossed bearish, suggesting that price could continue to move lower. The bearish move is looking a little over-extended though and is nearing a horizontal support at 0.7500. If price does attempt a …

AUDUSD – 1 Hour Chart The AUDUSD was very bearish during yesterday’s trading sessions and has closed below the trend support area – suggesting that price could retrace at least some of the recent bullish swing. The bullish moving averages confirm this, they are tightening and starting to become more bearish. …

AUDUSD – 1 Hour Chart Price continues to be rejected around the diagonal resistance area. The moving averages are bullish though and are widening, suggesting that price could still move higher. Buying opportunities could exist around the dynamic support of the moving averages, around the trend/consolidation support area and if …

AUDUSD – 1 Hour Chart The AUDUSD was very bullish during yesterday’s trading sessions. Price is now being rejected around a diagonal resistance area – identified on the above chart. The moving averages continue to be bullish and are showing little sign of weakening, suggesting that price could yet move higher. …

AUDUSD – 1 Hour Chart The AUDUSD was very bullish during yesterday’s trading sessions. Price is currently finding resistance around the previous trend support area identified on the above chart. The moving averages are bullish and are widening, suggesting that the upwards price action could continue. If price pulls back …

AUDUSD – 1 Hour Chart As suggested in Friday’s chart analysis, the moving averages crossed bullish and price moved higher during Friday’s trading sessions. As also suggested, price found support around the dynamic support of the moving averages. The AUDUSD is now nearing the trend resistance area and the bullish move could reverse …