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AUD/USD is in a bearish market, and has now broken the short term corrective support trendline. We're now looking for price to make a sustained move to the downside into the 0.700 mark.
On the 1H chart we can see that price is in a bearish structure now, forming lower lows and lower highs. Additionally, price is at a key structure level which is now acting as resistance. We're looking for downside immediately from this price.
Price is forming a bearish flag pattern, and has held below both the resistance zone and the trendline resistance. We anticipate a fake-out to the upside and a continued bearish trend.
On the 1H Chart price is holding a bullish structure, however we anticipate a short term pullback to the downside. Remember that this is a ranging market, so proceed with caution if trading the EUR/USD.
Price is approaching a structural resistance zone and the key resistance trendline. We anticipate price to make a bounce from these resistances, and are targeting a move into the 1.3200 zone.
Price is holding a bullish structure currently. Whilst price holds this structure we are not looking to trade short side. We are waiting to see a structure change prior to getting short, however there may be long opportunities in the meanwhile as price has a strong bullish momentum.
Price has rebounded out of key resistance around the 1840 level, breaking the short term support trendline. We're now anticipating further downside on gold.
Price is now in a bearish structure, and is approaching structural resistance. We are now looking for significant downside into the 1750 level.