Technical analysis prediction for the 1st of august 2018

Instrument ; Aud usd

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; short position

price prediction ; 0.7350


weekly chart


Daily chart


Aud usd mkt trend is strongly bearish bias, technical view on the weekly chart indicates a likely downtrend resumption as long term outlook strongly remains bearish bias, Ema signal is downtrend, Rsi (37.53), Macd signal is downtrend while on the daily chart, mkt trend is bearish bias and further weakness towards 0.7350 level could be likely in coming months, Ema signal is downtrend, Rsi (37.03), Macd signal is downtrend and prediction for the 1st of august 2018 is 0.7350
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