Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="titanfx, post: 94587, member: 33464"] [SIZE=6][B]AUDUSD – Is This A Short-Term Correction?[/B][/SIZE] [B]Key Highlights [/B] · Aussie Dollar is following a bullish trend line on the hourly chart against the US Dollar, and it looks like poised for more gains. · The AUDUSD pair is currently correcting lower and heading towards the support trend line. · Buyers may appear around the highlighted trend line and support area for another leg higher. · Today, the US Pending Home Sales will be released by the National Association of Realtors, which is forecasted to increase by 0.5% in November 2015. [B]AUDUSD Technical Analysis[/B] The AUDUSD pair recently spiked towards the 0.7300 level where sellers appeared to prevent the upside break. The pair is now moving lower and heading towards a bullish trend line on the hourly chart. [IMG]http://s17.postimg.org/edy1ftum7/AUDUSD_12_30_2015.png[/IMG] However, the pair is currently finding bids near the 50% Fib retracement level of the last wave from the 0.7243 low to 0.7301 high. Any further losses from the current levels may take the pair towards the highlighted trend line and support area. The most important point is that the 100 hourly simple moving average is just below the trend line and support area. In short, there are many barriers for sellers on the way down. On the upside, an initial resistance is around 0.7300, followed by the 0.7340 area. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…