AUDUSD Forecast August 23, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the session on Monday, but eventually ended up forming a positive candle.
The AUDUSD pair went back and forth during the course of the session on Monday, but eventually ended up forming a positive candle.
The EURUSD pair initially fell during the day on Monday, but turned right back around and form a bit of a hammer.
The EURUSD pair fell significantly during the day but did bounce a bit by the end of the day on Friday.
The EURUSD pair went back and forth during the course of the day on Tuesday, showing a bit of indecision after a very impulsive day on Monday.
The EURUSD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star.
The Australian dollar initially tried to rally during the Friday session but back and sold off rather significantly.
GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement level lines up with a broken support zone around the 1.3100 major psychological mark, which might now hold as resistance.
The AUDUSD pair fell initially during the course of the session on Tuesday, but turned back around to form a hammer as we press up against the massive resistance at the 0.7675 level.
The GBPUSD pair did very little during the day on Monday, forming a slightly negative candle.
The EURUSD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star.