P3tr4's Blog

Avatar

Aussie to go higher

The AUDUSD has shown a lot of resilience after recovering from a low of 0.7625.
Expecting the bullish momentum to pick up.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart is showing a steady climb from the low with stochastic indicator above 50, signaling bullish momentum.
Weekly chart also shows doji, with stochastic crossing up.
A breach of the upper bollinger band on daily chart will confirm analysis, and we may possibly see 0.85
Read full story
Translate to English Show original
orto leave comments
Avatar

Aussie to hold steady against the pound

I am not expecting major movement on this pair.
Even though I anticipate gains on the Australian dollar, i do not see it affecting the pound very much.
we can see how the british pound has shown resilience against previous aussie gains.
I forecast that the pair will test its recent highs, and probably breakthrough.
Target is 1.95
Read full story
Translate to English Show original
CD1V1 avatar
CD1V1 27 Feb.

The GBP is showing some depreciation, but it is a good call

P3tr4 avatar
P3tr4 27 Feb.

The pair is still less than 200 pips above forecast price.

The Gbp is still showing signs of more gains. we may end the month there.

P3tr4 avatar
P3tr4 27 Feb.

The pair could close around current area, then do a pullback to forecast rice 1.9500.
We will know soon enough.

WallStreet6 avatar

Really close. The aussie might still go up after yesterday's drop. So, good luck!
Great analysis as always:)

WallStreet6 avatar

And the GBp is making some retracement. So going the right direction:)

orto leave comments