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. 

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EURUSD sideline at support area

 

EURUSD went sideline at support area. The EURUSD is in retracement or consolidation after significant drop. The support level is at 1.266 and resistance is at 1.2995.

 

EURUSD had a retracement bullish candle in the daily chart. Market is undecided and waiting next action. 

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AUDUSD retesting the resistance neckline

 

AUDUSD is retesting the resistance of the neckline. The 25MA had crossed the 100 MA and indicate bearish sentiment. The intermediate support at 0.99 and the next resistance is around 1.002 area.

 

AUDUSD daily candlestick show the market undecided with a doji. However, with the bearish sentiment of the current market, the AUDUSD may experience further downside. The support is at 0.983 and resistance is at 1.01. 

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EURUSD resume downtrend

 

EURUSD resume downtrend after long correction with the break of the major support of 1.296. The next support level is at 1.381 and 1.262 and the resistance is at 1.296 and 1.305.

 

 The EURUSD daily candlestick show a very bearish sentiment with a "three black crow" formation. If the EURUSD continue downtrend, the next target at the downside is 1.265.

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EURUSD broke through support area

 

EURUSD had broke through 1.307 support area and now had reach the bottom support of 1.2965. If break through the support area, price will resume the downtrend. The resistance area is at 1.3075.

 

EURUSD daily candlestick show very bearish trend. The next support level is at 1.2670. 

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AUDUSD H4 timeframe MA about to cross down

 

 The AUDUSD H4 timeframe 25MA is about to cross the 100MA to further confirm the down trend. The pair is  expected to reach the target price support area of 0.983 and 0.981. The resistance area is at 0.998 and 1.002

 

The AUDUSD continue its bearish sentiment with another bearish daily candlestick.  

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EURUSD at the bottom of the trendline

 

The EURUSD had a significant drop yesterday and now at the bottom of a daily rising trendline. A break of the trendline my indicate further down to 1.307. The support is 1.307 and 1.297 while resistance is at 1.318 and 1.325.

 

The EURUSD daily candlestick indicate the bearish sentiment after price break the inside bar. The market may continue its bearish sentiment and has the possibility to reach the 1.307 support area. 

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AUDUSD broke the neckline support

 

The AUDUSD broke the neckline support and make another low. The AUDUSD support level is at 0.9895 and 0.9810 while resistance is at 0.998 and 1.002. The AUDUSD just break below the 100MA for H4 timeframe indicating the turning to a bearish trend.

The AUDUSD on a daily chart show the bearish trend is still going strong. The AUDUSD has the possibility to drop to the area of 0.9810 if the downtrend continue.  

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EURUSD drop to intermediate support area

 

EURUSD had a big drop yesterday and break through the trendline. The pair is now nearing a support area. The support for this pair is at 1.325 and 1.318. The resistance is at 1.343 and 1.36.

  

The EURUSD inside bar is broken at the downside. There is also a bearish engulfing on the daily chart.

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AUDUSD fall hard after break through the rising trendline

 

The AUDUSD fall hard after breaking through the rising trendline. The pair is now near a support area of 100MA. The intermediate support is at 0.9983 and 0.983. Resistance is at 1.01.

 

The AUDUSD dropped significantly after the dark cloud cover candlestick pattern. The market is still in a bearish sentiment.  

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AUDUSD drop after hit new high

 

The AUDUSD had just break below the rising trendline of the wedge indicating bearish sentiment. The price is now at intermediate support. The support level for AUDUSD is at 1.003 and also 0.9983. The resistance is at 1.0185 and 1.0226.

 

The AUDUSD in a daily candlestick had perform a dark cloud cover pattern indicating bearish sentiment. If the price break below the support of 0.9983, the pair has the possibility to drop to a low of 0.983. However the price is still above the 100 MA that may provide support for AUDUSD.

By The Backyard Burner

EURUSD rebound from 1.325 support

 

The EURUSD rebound from the support yesterday but fail to make new high. Price is now hovering around the support and resistance area. The support is at 1.333 and 1.325 while resistance is at 1.3394 and 1.3425. If price break through the high resistance, it had the possibility to go to 1.35 and 1.36. If price break below the rising trendline, the price may go to 1.318.

 

The daily candle develop into a doji and also inside bar. The price is now in between the bullish bar and still waiting for the breakout.

By The Backyard Burner