Technical Analysis

AUD Technical Evaluation Overview: AUDUSD, AUDJPY, AUDNZD

AUD Evaluation and Speaking Factors

AUDUSD | DMA Help Curbs Additional Promoting

AUDJPY | Scope for Continued Draw back

AUDNZD | Weak Pattern Indicators Level to Consolidation

See our Q1 FX forecast to study what is going to drive the foreign money viaout the remainder of the yr.

AUDUSD | DMA Help Curbs Additional Promoting

Latest positive aspects within the pair have stalled, having did not consolidate above zero.72. Help at zero.7175 (100DMA) has curbed additional promoting in AUDUSD. A break beneath nevertheless, raises the chance of the drop to zero.7140. Momentum indicators stay bearish, though this has moderated not too long ago, consequently, draw back strain within the pair might ease within the brief time period.

AUDUSD PRICE CHART: Day by day Time Body (Jul 2018 – Jan 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDJPY | Scope for Continued Draw back

Whereas the cross could have damaged above the descending trendline, AUDJPY failed to succeed in 78.70 and has since pushed again beneath 78.00. Momentum indicators proceed to level to additional losses on the horizon, which in flip might see AUDJPY make a take a look at of the 77.00 deal with.

AUDJPY PRICE CHART: Day by day Time Body (Sep 2018Jan 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDNZD | Weak Pattern Indicators Level to Consolidation

AUDNZD stays magnetised across the rising trendline from the file low. Alongside this, momentum indicators counsel that there may very well be little in the best way of agency route with pattern alerts pointing in direction of a interval of consolidation in the meanwhile. Topside resistance is located at 1.0640, which marks the Jan eightth excessive, this might must be breached to extend scope in direction of 1.07. Outlook stays cautiously bullish.

AUDNZD PRICE CHART: Day by day Time Body (Could 2018 – Jan 2019)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

G10 FX Technical Stories

— Written by Justin McQueen, Market Analyst

To contact Justin, e mail him at Justin.mcqueen@ig.com

Observe Justin on Twitter @JMcQueenFX


Clickbank Promo Tools
Wiadforex
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services
http://www.wiadforex.com

Leave a Reply

Your email address will not be published. Required fields are marked *


Recommended Clickbank Products