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AUDUSD making Head and Shoulder on Daily chart

killer195175 Posted 15 Jan. as Analysis on AUD/USD, Target: .7730, Date: 1st of March, 12:00 GMT  in #Technical analysis #Audusd #AUD/USD #Prediction #Daily Chart #Correction #Head And Shoulders Pattern #Uptrend #Neckline #Weekly Chart
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Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
AUDUSD Weekly Chart
  • The MACD on the weekly chart has entered the positive zone. The histogram suggests the buyers taking control of the market.
  • The RSI is almost vertical and headed high and shows the strength of the pair.
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killer195175 21 Feb.

UPDATE-2
The pair has managed to make a high of .7731 and got rejected from the same level. Now a downside is open but the pair seems to hold as of now and the pair is trading at .7678 at the time of writing this post. If the Australian dollar holds its strength then our target of .7730 is not far. Let us see what happens tomorrow.

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killer195175 24 Feb.

The pair moved very quickly to the downside and made a low of .7664. The further downside seems possible. Our target of .7730 seems very far.

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killer195175 25 Feb.

UPDATE-5
Now only a bad data from United states on Monday can make our targets meet. Let us see how the data comes. But I expect a good data from America. So the chances of hitting the target are less.

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killer195175 27 Feb.

UPDATE-6
The pair is trading almost 55 pips below our target price of .7730 at .7675 at the time of writing this post. A positive news flow from Australia may take us near to the target. But it is just a speculation. Let us see how the things unfold tomorrow.

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killer195175 28 Feb.

UPDATE-7
After shedding around 77 pips from the high of .7738, the pair has managed to close above .7680 on the hourly timeframe. If the price closes above .7690 today then we can see the .7730 levels tomorrow at 1200 GMT.

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AUDUSD AND NZDUSD 18 NOV 16

killer195175 Posted 18 Nov.  in #Trader's blog #Audusd #Nzdusd #Head And Shoulders Pattern #Support Zone #Resistance Zone #Trendline Break
Hello fellow traders, as discussed in 16 Nov 16 blog post about AUDUSD, the pair broke the rising trend line and confirmed a break in daily time frame. At the time of writing the post the pair has already shredded more than 150 pips and is trading at .73387. Expect a pullback here to minimum at .74250 level and enter the trend.
Another beautiful set up has emerged in NZDUSD as the pair has broken the neckline of a head and shoulder pattern. Also it has broken the rising trendline on weekly as we…
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