If you listen to the daily free F.A.C.E. (Forex Analytix Community Experience) webinar daily, you know that the AUD/USD has been on the radar as a short since last week at the .7850's from last week as we have been stalking this long term head and shoulder pattern. Now that we are back near the .7600 level neckline, it is important to know that there is a lot of possible downside for the pair as the rally in equities (globally) has diverged from the AUD/USD as of a few weeks back. That lack of upside could allow for some near term sellers to step in to the .7400 level and ultimately near the .7200 level to complete the head and shoulder pattern. With the long term trend of commodities looking to turn higher, we'd think that dips below the .7200 level would offer a great opportunity for fresh, long term long positions.

Any reviews, news, research, analysis, prices or other information contained on this website is provided as general market commentary, does not constitute investment advice and may undergo changes from time to time. Trading the Financial and Currency Markets on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as to your favor. Before entering trading Financial and Currency Markets, you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility that you could sustain a loss of some or more of your initial investment and therefore you should not invest money which you cannot afford to lose. You should be aware of all the risks associated with Financial and Currency Markets trading, and in case you have any doubt, rather seek advice from an independent financial advisor. FOREXANALYTIX LLC, its owners, employees, agents or affiliates do not give investment advice, therefore FOREXANALYTIX LLC assumes no liability for any loss or damage, including without limitation to, any loss of profit, which may be suffered directly or indirectly from use of or reliance on such information. We strongly encourage consultation with a licensed representative or financial advisor regarding any particular investment or use of any investment strategy. As part of our service we provide “Patterns in Play” (abbreviated as “P.I.P.’s”). These PiPs are derived from certain clearly defined patterns that the team members identify from their analysis. Each PiP is indicated with its corresponding theoretical entry, target and invalidation levels. Please note that these are not trade recommendations; they are simply our team’s interpretation of these patterns and their theoretical levels. Any information or material contained on this website including, but not limited to, its design, layout, look, appearance and graphics is owned by or licensed to FOREXANALYTIX LLC. Reproduction is prohibited without FOREX ANALYTIX LLC prior license in writing.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD: Defends 1.2000 but bears stay hopeful

EUR/USD struggles to overcome the heaviest daily losses in a year. Receding bullish bias of MACD, 100-day SMA breakdown direct sellers toward seven-week-old horizontal support. Bulls need a daily closing beyond 1.2100 to retake control.

EUR/USD News

GBP/USD: Depressed inside 50-pips trading range above 1.3800

GBP/USD remains pressured between previous support line from April 12 and a three-week-old horizontal area. The cable struggles for a clear direction inside a trading range of nearly 50-pips comprising the key horizontal support and a short-term resistance line, previous support.

GBP/USD News

Ethereum price explodes to new all-time high of $3,000

Ethereum price has hit a new record level despite facing multiple market crashes over the last couple of weeks. This record level comes after ETH crashed twice in the past month. A continuation of this rally could propel the smart contract token to $4,295.

Read more

EUR/USD: Defends 1.2000 but bears stay hopeful

EUR/USD struggles to overcome the heaviest daily losses in a year. Receding bullish bias of MACD, 100-day SMA breakdown direct sellers toward seven-week-old horizontal support. Bulls need a daily closing beyond 1.2100 to retake control.

EUR/USD News

Apple: Goldman upgrades as Apple (AAPL) smashes earnings, chart turns bullish

Apple reported Q1 earnings after the close on Wednesday. Apple beat estimates on both revenue and earnings per share (EPS). Apple (AAPL) finally catches an upgrade from Goldman Sachs.

Read more

Majors

Cryptocurrencies

Signatures