AUDUSD – Technical Analysis on 10th June 2014

Hi traders, I am looking at the AUDUSD 4 hour chart and we can see that the pair is trying to break out of the channel. If the bulls are successful in beating that down trend line, we will have two levels to aim at. The first target would be the 0.94 level and we

By |2017-01-01T13:01:14+08:00June 10th, 2014|Categories: Daily Technical Strategy|Tags: , |0 Comments

AUDUSD – Daily Time frame on 16th May 2014

Hi traders! I am looking at the Aussie dollar and I can see a head and shoulder pattern forming at the moment. As long as the price does not fall below 0.93 and closes below that on the daily time frame, I can see this pair going one direction and that is UP! Also, of

By |2017-01-01T13:01:14+08:00May 16th, 2014|Categories: Daily Technical Strategy|Tags: , |0 Comments

AUD/USD Technical Analysis on 4 hour Time Frame – 21st March 2013

Good day traders! Lets get started today with the AUD/USD chart. We see from this 4hr chart that the pair is consolidating within a triangle. The momentum is up medium term and we are waiting for a break out from this channel. You can use a break out strategy to benefit from this setup or

By |2015-04-29T11:17:46+08:00March 21st, 2013|Categories: AUD Crosses, Daily Technical Strategy|Tags: , |0 Comments

AUD/USD Technical Analysis Based on Price Action on 28th Feb 2013

Good day traders! Aussie dollar closed with a bullish hammer candle and has since reached levels near 1.03. Is this bullish momentum going to last? We are looking at the pair attempting to breach the 1.03 level and testing 1.0356 when that happens. On the 4h time frame we still see the pair in a

By |2017-01-01T13:01:21+08:00February 28th, 2013|Categories: Daily Technical Strategy|Tags: , |0 Comments

AUD/USD Technical Analysis 27th February 2013

Good day traders! Aussie dollar bears have been winning the battle thus far. Are we going to see further downside for the pair or a bounce in the making to at least test Resistance 2? From the chart above, you can see that if the bar is able to come back into the channel, then