Month: September 2016

GBPUSD – Daily Chart Price is nearing a clear horizontal resistance area at 1.3350-1.3425. If price is rejected around this area, the GBPUSD could move back down to the horizontal and diagonal support areas identified on the above chart. Price action has also formed a tightening consolidation pattern. If price …

AUDUSD – 1 Hour Chart The AUDUSD continues to retrace some of the recent swing lower and be bullish. The bearish moving averages continue to tighten and could cross bullish during today’s trading sessions, suggesting that the retracement could continue. Buying opportunities could exist around the moving averages if they cross bullish and …

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD initially moved lower during yesterday’s trading sessions and reversed bullish around the trend support area. The moving averages continue to be bearish and are showing little sign of weakening but price has closed above the shorter-term moving average and …