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AUS.IDX/AUD | FURTHER UPMOVE EXPECTED

killer195175 Posted 13 Nov. as Analysis on AUS.IDX/AUD, Target: 6200, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Aus IDX/AUD #Pattern Analysis #Cup And Handle
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
AUS.IDX/AUD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed South.
From the weekly chart, it looks like there is more potential to the upside. As the pair has closed a weekly candle above cup and handle resistance I am expecting it to rise further.
AUS.IDX/AUD Daily Chart
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4 Comments
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killer195175 9 Dec.

UPDATE-1
The pair ended the week at 6014.068 just 15 points lower than the falling trendline resistance. If the pair manages to give a closing on the daily chart above this falling trendline then we can expect our targets of 6200 levels very easily. I expect the pair to struggle to cross this trendline on the upside. But the indicators look very good and promising for the probability of the break on the upside.

killer195175 avatar
killer195175 15 Dec.

UPDATE-2
Today the price has closed above the falling trendline second time. the previous was a false break. This time let us see if the buyers are able to keep the price going up or not. The MACD is looking beautiful to support the rally ahead.

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killer195175 18 Dec.

UPDATE-3
As we had expected the price rallied and broke the highs. At the time of writing this comment, the price was 6067.18. I expect the price to reach near 6200 next week.

killer195175 avatar
killer195175 24 Dec.

UPDATE-4
The pair made a high of 6087 this week and settled the week at 6071 levels. A further rise is expected in the pair as all the indicators are lined up towards North and the pair has broken the falling trendline and closed the week above it.

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AUDUSD Bullish Sentiment-Technical analysis

neoGe Posted 15 June as Analysis on AUD/USD, Target: -0.78048, Date: 1st of August, 12:00 GMT  in #Technical analysis #AUD/USD #Cci #Ichimoku Forecast #Timeframes #Pattern Analysis
Charts used for reference: Weekly, Monthly and Daily
Added Indicators: 1. Ichimoku, 2.Pattern 3. CCI
Forecast visualization: Using Time Marker, Price Marker, Poly lines and Price action reference through Indicators.
Forecast- The Bullish Trend is confirmed by the following:-
1. The price has broken the Kumo Cloud resistance
2. The Confirmative line Chikou Span is above the price chart
3. Kijun -sen line is horizontal but tenken-sen points upwards.
The forecast is further confirmed by analyzing t…
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