AUD/USD - DAILY VIEW - 3/13/17
Identify
- Current bearish PA has reacted at support at the psychological 0.75000 level
- Bearish price action is signaling a change in trend that coincides with WAVE E in the Elliot Wave pattern depicted in this chart.
- RSI is not oversold yet; so bearish trend is still valid
Predict
- Waiting for a much larger and faster WAVE 2
- This wave will most likely be initiated by the FOMC RATE DECISION
- Which current market sentiment favors the US DOLLAR
Critical Levels
Upside
- 0.76300
- 0.75000
Downside
- 0.74500
- 0.73500
- Current bearish PA has reacted at support at the psychological 0.75000 level
- Bearish price action is signaling a change in trend that coincides with WAVE E in the Elliot Wave pattern depicted in this chart.
- RSI is not oversold yet; so bearish trend is still valid
Predict
- Waiting for a much larger and faster WAVE 2
- This wave will most likely be initiated by the FOMC RATE DECISION
- Which current market sentiment favors the US DOLLAR
Critical Levels
Upside
- 0.76300
- 0.75000
Downside
- 0.74500
- 0.73500
Empty your mind, be formless. Shapeless, like water.
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Empty your mind, be formless. Shapeless, like water.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.