EURUSD rally and now above the support area.

 

EURUSD is now above the support level after rebound from the support area. The price is testing the resistance top. The intermediate support level is at daily pivot at 1.3622. If break above the resistance is at 1.3685, the pair may rally to the next resistance of 1.3750.

 

EURUSD is yesterday had a spinning top candlestick indicating price is stalling or undecided. The support level is at 1.3450 and resistance is at 1.3750. The 25MA is about to cross the 100MA and turn the trend to long term bullish.

 

EURUSD has the possibility to reverse at the mark area. 

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AUDUSD is at support area

 

AUDUSD is at the support area. The 21MA and 100MA is undecided. The AUDUSD may rise to 0.9970 before turning down.The support level is at 0.9822 resistance level 0.9955.

 

AUDUSD show a doji or inside bar. The AUDUSD is awaiting breakout. The downside support is at 0.9750 and resistance is at 0.9977. 

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EURUSD inside the resistance area

 

EURUSD is inside the resistance area. The break of the resistance will probably bring the pair to 1.3750. The support is at 1.3510 and resistance is at 1.3700~1.3750. 

 

The EURUSD show a very bullish candle after a doji candle. The pair is still above the 100MA of daily chart. The support is at 1.3450 and resistance is at 1.3750. 

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AUDUSD is dropped and rectrace all of wave c

 

The AUDUSD drop after hit the 21MA of the 4hr tf and has rebound from the support or the H&S neckline. Break of the support may indicate the H&S in play. The support is at 0.983 and resistance is 0.99.

 AUDUSD had a big bearish candle yesterday indicating the bearish sentiment. The break of the H&S trendline and the price will go way down. Support is at 0.976 and resistance is at 0.995. 

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EURUSD is in triple top

EURUSD is now testing the triple top. Either it will go down or break. The market just rebound from the 21MA of the 4hr tf. If break to the upside, the target is 1.3580~1.36 area. The support is around 1.34 area. 

 

EURUSD in daily show a doji candle meaning undecided direction. Beside the doji also performed a tweezer top. The support is at 1.325 and resistance 1.36.

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AUDUSD dropped after hit the abc retracement.

 

AUDUSD dropped hard after nearly hit 1.008 to complete abc retracement. The pair is now dropping near to the lower channel . The price is now below the 21MA and 100MA of h4 tf. The support is at 0.9900 and resistance is at 0.998.

 

AUDUSD is in a daily chart show a shooting star indicating potential reversal. The price may complete a evening star if the price close below the bullish candle. The price is now below the 21MA . The support is now at 0.988 and resistance is at 1.003. 

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EURUSD now at the lower trendline.

 

EURUSD is now at the lower channel of the trendline. The EURUSD is also around the support area. Breakout to the upside will test the high while downside will probably go to the next support at 1.3355. The resistance is at 1.35 and support is at 1.3255.

 

The daily candle show a bullish candle. The upside resistance is at 1.36 while support is at 1.325. 

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AUDUSD is testing the resistance

 

AUDUSD is now testing the resistance level. The pair may retrace to 61.8% of 1.008 at the higher trendline of the channel. The pair trading above 21MA and the 21MA and 100MA of 4hr tf is about to cross if the uptrend continue. The support is at 0.998 and resistance is around 1.008~1.01.

 

The AUDUSD breakout from the inside bar and perform a bullish candle. The resistance is at 1.01 and support is at 0.998. 

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EURUSD is near resistance level

 

EURUSD is now near the resistance level. The next resistance level is at 1.35. Breakout will probably bring the pair to higher high. The price is now forming a uptrend channel. The price rebound from the 21MA and now traded above it. The support is at 1.3352.

 

EURUSD yesterday had a bullish candle that closed higher than the bearish candle indicating further bullish sentiment. On the daily chart, the pair succesfully retest the 100MA and closed above it. The may indicate long term bullish trend. The support is at 1.325 and resistance is at 1.36. 

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AUDUSD maybe forming triangle

 

AUDUSD is making lower high and higher low indicating it is in a triangle. The price is moving in a more tight range. The support is at 0.988 area and resistance is at 0.9973.

 

AUDUSD yesterday daily candle is an inside bar or bullish harami. But the big shadow of the spinning top at both sides show the undecided condition of the market. The breakout may either move the price to support of 0.9820 or resistance of 1.0025.

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EURUSD retrace lower

 

EURUSD is moving lower and testing the downside trendline it broke out. The market may be forming a flag pattern of a retracement or the market may turn bearish. The price had now narrow at the flag and awaiting a breakout. The support is at 1.3250 and resistance is at 1.34. If the breakout to the downside occurred, the pair next support is at 1.318 area.

 

EURUSD in a daily candle show a bearish candle and also a dark cloud cover pattern. The support is at 1.31 and resistance at 1.3425.

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AUDUSD resume drop after retracement

 

AUDUSD resume the drop after retracement of 50% from the low. AUDUSD drop back below the 21MA. The support level is at 0.9855. Resistance level is at 0.9912.

 

AUDUSD show a big bearish candle indicating the bearish semtiment after China raise bank reserve requirement. The pair may forming a H&S pattern. However, it need to break below the neckline of 0.9823 to confirm this view. The support is at 0.9823 and the resistance is at 1.002. 

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EURUSD fail to break above the high

EURUSD fail to break above the high and form a shooting star in the H4 tf chart. The price is now trapped in the range of 1.3402 and 1.3313. The pair performed a significant rally that retrace all of the bearish price in the same amount of time. The resistance is at 1.3432 and the support is at 1.325.

 

EURUSD  had a spinning top in the daily candle. The market is now in ranging and undecided. The resistance is at 1.35 and support is at 1.32.

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AUDUSD ranging sideline

 

AUDUSD stay in the range of 0.995 and 0.9995. Market is waiting to breakout in either direction. The support is at 0.99 and resistance is at 1.003.

 

AUDUSD daily show a spinning top candle indicating market consolidation or indecisive. The daily support is at 0.982 while the resistance is at 1.01.

  

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EURUSD rally near to the top

 

The EURUSD had a rally nearly up to the top. The EURUSD may test the double top before reversing down. The resistance is at 1.3433 and 1.35. The support at 1.325 and 1.3135.

 

The EURUSD in a daily chart had a big bullish candle. However, while the market is nearing the double top, confirmation is needed before entering a position for long term. 

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AUDUSD retrace 38.2% from point C

 

AUDUSD had also retraced 38.2% from the big drop. Now the pair is about to test the resistance of 0.998. Next resistance is 1.003. The support is at 0.991.

 

The AUDUSD daily candlestick show a big bullish engulfing pattern. The price is may rally to the high of 1.003 due to the big bullish engulfing pattern. 

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EURUSD retrace to nearly 50%

The EURUSD had a 50% retracement for the big drop. The market is now testing the 100MA for h4 tf. The support level is at 1.309 and the intermediate resistance level is at 1.3150 followed by 1.318.

 

The EURUSD yesterday show a big bullish candle. The pair is now retesting the rising daily trendline that had been broken. The pair is also just below the 21MA.

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AUDUSD retesting the rising trendline

 

AUDUSD retesting the rising daily trendline after broken through it. The price had hit the profit target of  0.983 area and rebound from the support. Minor resistance area is at 0.9885. The next resistance is at 0.998 and support is at 0.9810 and 0.9775.

 

Yesterday closing candle are a big bearish candle for this pair. The price broke through the daily trendline and now retesting it. 

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EURUSD is still retracing up

 

EURUSD had rebound in price and just cross the 21MA on h4 tf chart. The pair may either be forming a abc retracement or bullish reversal. The next resistance level is at 1.3090 and support is at 1.2905.

 

The EURUSD in a daily chart show a spinning top appear after a piercing pattern.  

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AUDUSD resume downtrend

 

AUDUSD resume the downtrend after minor retracement. The pair has now drop to the first target. The next support level is at 0.977. Resistance is at 0.9905.

 

AUDUSD resume downtrend after 2 doji candle. The next downside target is 0.969. 

By The Backyard Burner