segunby
Long

FREE ANALYSIS ON AUDUSD - HEAD & SHOULDER PATTERN?

FX:AUDUSD   Australian Dollar / U.S. Dollar
FREE ANALYSIS ON #AUDUSD

Welcome to SiriusTrading (managed by Segunby), Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE, LIKE, LIIIKKKEEE :)

-
15 Min
MACD & RSI both supporting a bearish divergence. Expecting some minor bearish move

1 HOUR
Price just hit the 200 MA and was rejected. Also hidden divergence on MACD found. Expecting some down

4 HOUR
Possible Head and Shoulder pattern is being formed. Price Finally broke upwards of the 100 WMA .

OVERALL
Things are starting to look bullish for AUDUSD as price broke out of all 3 MA's on the 4hr chart. assuming this does complete the H&S pattern then we will see price reach a new high of around 0.71990.

-
Thanks for reading

See previous analysis

Please share your thoughts and views on my analysis and don't forget to like it and share with others.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out