Technical analysis prediction for the 3rd of September 2018

Instrument ; Aud usd

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

speculative position ; long position

price prediction ; 0.7600

weekly chart

Daily chart

Ausd usd mkt trend is strongly bearish bias and technical view on the weekly chart indicates strong downtrend in the recent months and in long term speculation i expect the currency pair to retrace uptrend, Ema signal is downtrend, Rsi(36.22), Macd signal is downtrend, on the daily chart, the currency pair remains bearish bias, and at the bottom price level, i expect retracement uptrend towards 0.7600 level in near term, Ema signal is downtrend, Rsi(46.97), Macd signal is uptrend and prediction for the 3rd of September 2018 is 0.7600
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