AUD/USD Forex Technical Analysis

Posts: 339 · #151 - July 19, 2020, 01:06:51 PM

Bollinger bands in the audusd pair are still flat and we will still focus on selling at prices around 0.7004 because in that area we will continue the upward trend and follow the big trend, wait for the doji candle on tf h1

Posts: 339 · #152 - July 20, 2020, 08:41:46 AM

Bollinger bands in the audusd pair are still flat and we will still focus on selling at prices around 0.6984 because in that area we will continue the upward trend and follow the big trend, wait for the doji candle on tf h1

Posts: 339 · #153 - July 20, 2020, 07:10:15 PM

Bollinger bands in the audusd pair are still flat and we will still focus on selling at prices around 0.7006 because in that area we will continue the upward trend and follow the big trend, wait for the doji candle on tf h1

Posts: 527 · #154 - July 23, 2020, 08:49:24 AM

Audusd is currently still dominant trend up, which means we will focus on going up for some time because indeed from a technical perspective there are no signs of a downtrend we will aim at a buy in the demand area of 0.7118 prices with a target at 0.7228 prices use stop losses always

Posts: 527 · #155 - July 23, 2020, 03:22:29 PM

Audusd is currently still dominant trend up, which means we will focus on going up for some time because indeed from a technical perspective there are no signs of a downtrend we will aim at a buy in the demand area of 0.7100 prices with a target at 0.7170 prices use stop losses always

Posts: 527 · #156 - July 24, 2020, 03:52:14 AM

Audusd is currently still dominant trend up, which means we will focus on going up for some time because indeed from a technical perspective there are no signs of a downtrend we will aim at a buy in the demand area of 0.7106 prices with a target at 0.7207 prices use stop losses always

Posts: 527 · #157 - July 24, 2020, 01:11:21 PM

Audusd is currently still dominant trend up, which means we will focus on going up for some time because indeed from a technical perspective there are no signs of a downtrend we will aim at a buy in the demand area of 0.7075 prices with a target at 0.7175 prices use stop losses always

Posts: 283 · #158 - July 25, 2020, 12:03:33 AM

AUDUSD

Aussie broke big level on 0.70 and went higher almost to 0.72 .. So the up move can;t stop and won't stop...

ok technical support is still 0.70 but further exhaustion level is around 0.72326.

near term support at 0.7062 should hold for further upmove.

Posts: 5458 · #159 - July 26, 2020, 09:44:19 AM

Audusd is actually already overbought and will prepare to go down considering that usdxxx will all go up. In this case we will wait for the price to form a double top on a small TF and can sell at the price of 0.71800 and we can also take the opportunity to buy at the price of 0.71000

Posts: 5458 · #160 - July 26, 2020, 06:09:37 PM

Pair audusd is still sloping upwards on tf h4 and possibly until Monday tomorrow will still rise but the increase is not strong enough for those who want to buy can be at the price of 0.7080 and for those who want to sell can be at the price of 0.7166 before opening a position we have to look at what little tf happened

Posts: 5458 · #161 - July 28, 2020, 11:36:08 AM

Audusd can still buy before dropping down because it is possible that all xxxusd pairs will go down in August tomorrow we can take advantage of the moment buy at the price of 0.71300 according to the Fibonacci area, for signals to be searched on a small tf

Posts: 5458 · #162 - July 28, 2020, 07:15:59 PM

For audusd, we will only focus on selling, remember, only sell because the price is already in the supply area, a good price to sell is at 0.71600 - 0.71800 because the area is good to sell, look first at the small tf candle pattern.

Posts: 283 · #163 - August 01, 2020, 04:58:51 PM

AUDUSD

major resistance zone has been tested last week with rejection of this level (0.7232). Strong monthly close, weekly close below 50% of the whole previous week but still positive. from daily chart main support is at yearly pivot level around 0.6994. near term support for buyers at 0.7062

Posts: 283 · #164 - August 11, 2020, 06:39:15 PM

AUDUSD

3 weaker weeks for now and this month without bullish power 0.7127 is previous week's open so now it should be main support level. if break lower the correction will accelerate with 0.70 as target.

Posts: 5458 · #165 - August 18, 2020, 03:47:41 PM

From a technical point of view the audusd pair actually went down but it took a while but we still focus on selling because the bowlingerband indicator has supported us to sell at 0.72571