CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 0.82002


SUPPORT LEVELS : 0.72999


PAIR ANALYSIS :


The Aussie is in a bullish tendency with the level prices around the SMA 200 as indicated in fig 2.
The currency pair has been dominated by bullish tendency with some opportunities around the channel support as indicated in fig 1. The Linear Regression Slope around -0.0001 and the configuration of the Parabolic Sar seem to support the slightly bearish possibility of retracement. The forecasting pattern indicates the possibility of a bearish retracement around the 0.77001 zone . A bullish crossing at 0.82002 could indicate a possible bullish monopoly. In consideration of the key level price at 0.72999 a bearish crossing of that level price could suggest a bearish domination. It can be evaluated a forecast level price at 0.75892.


Good trading to the Dukascopy Community.


FIGURE 1 shows the pair tendency


FIGURE 2 indicates the forecasting pattern

Translate to English Show original