Forex Trader DailyChart date range
12-Apr 00:00 GMT-> 16-Aug 00:00 GMT
Data Interval
Daily
Summary
Target Level
0.8316
Target Period
1 hour
Stop Level
0.9182
Analysis
Channel Up identified at 11-Aug 00:00 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8316 .
Resistance Levels
(B)
0.9182
Last resistance turning point of Channel Up.
Support Levels
(A)
0.8316
Last support turning point of Channel Up.
Chart date range
27-Jan 08:00 GMT-> 23-Jul 12:00 GMT
Data Interval
4 Hour
Summary
Target Level
0.896712
Target Period
6 days
Stop Level
0.8742
Analysis
Ascending Triangle has broken through the resistance line at 22-Jul 12:00 GMT. Possible bullish price movement forecast for the next 6 days towards 0.896712
Supporting Indicators
Upward sloping Moving Average
Resistance Levels
Support Levels
(A)
0.8742
Last support turning point of Ascending Triangle.
(D)
0.8316
Last support turning point [...]
There was plenty of exhaustion adn chop throughout Wednesday due to sloppy price action and the 2:00pm EST FOMC Minutes release.
Many intraday time frames were stalling at established ceiling and floors.
Chart date range
15-Mar 17:00 GMT-> 15-Jul 05:00 GMT
Data Interval
Hour
Analysis
Rising Wedge identified at 15-Jul 00:00 GMT. This pattern is still in the process of forming. Possible [...]
As the intraday AUD/USD trades below the resistance just above 0.8780, this range is offering an aggressive exhaustion fading (short sell) opportunity as prices are met with selling pressure when they travel to the top of the range.
Chart date range
12-May 17:00 GMT-> 12-Jul 14:30 GMT
Data Interval
30 Minutes
Summary
Target Level
0.8786
Target Period
3 hours
Stop Level
0.8701
Analysis
Ascending Triangle identified [...]
AUD/USD 2 hours
Summary
Target Level
0.874613
Target Period
2 hours
Stop Level
0.8688
Analysis
Falling Wedge has broken through the resistance line at 23-Jun 02:00 GMT. Possible bullish price movement forecast for the next 2 hours towards 0.874613
Resistance Levels
(B)
0.8735
Last resistance turning point of Falling Wedge.
Support Levels
(A)
0.8688
Last support turning point of Falling Wedge.
Even amidst the RBA’s decision to halt rate hikes for 2010 and possibly even consider tightening towards the latter part of ‘10 there was a near-term bottom put on the AUD/USD along the 0.8380 level.
The AUD/USD has been in a sharp downtrend on the daily chart with the current exhaustion level at 0.8550. If prices [...]
The uptrend on the AUD/USD is setting up the opportunity to enter a buy if prices can correct back to the support of the 34 period EMA high currently waiting at 0.9293. The placement of the entry is below the “00″ of the 0.9300 level but presents the possibility that prices could exhaust between the [...]
The GBP/USD is trending higher in a mark up cycle as prices continue to rally off the 0.9222 floor. The mark up cycle will set up buys on pullbacks to levels like Fibonacci Retracement support and/or the 34 period EMA high.
Currently the 50% Fibonacci Retracement level and the 34 period EMA high are within one [...]
The 15 minute AUD/USD has a swing buy zone between the minor psychological level of 0.9220 and the 34 period EMA high at 0.9217. This area would be a correction of the uptrend on the 15 minute time frame and allow traders to enter a trend following trade. Keep the stop tight because with an [...]
The mark up cycle across the short term AUD/USD is still maintaining strength with the support above the 0.9200 level.
Both charts have healthy uptrends. The determining factor as to which set up to take will depend upon two things:
1) How much the 0.9200 level will be used to support the buy
2) The amount of pullback [...]