Modified to show Sequence of Trade Analysis:
With the #Aussie find some resistance at the 0.7710 /50 price range may support a steadier USD trading in a corrective session at 0.7603 as of this writing. Its wide consolidation may prove to be well in place but would not discount the probability to break higher when the USD fails to follow-through by the coming week. And today's US report which turned to be negative for the USD gave the AUDUSD the lift it needed.
Chart figure A Shows July 7, 2017 Market Call - Consolidation to break higher
VIDEO SUPPORT: TSOT AUDUSD
VIDEO SUPPORT: TSOT AUDUSD
Current Chart As of July 14, 2017 AUDUSD Breaks Out of Range
Confirmation & Validation
Finally #AUDUSD breaks out from its consolidation with the help from the negative figures from the US retail #'s that brought about a USD decline that touched 95.22 low on the session. Currently trading at 0.7804 with a session high at 0.7828.
On the Technical Perspective: In-Depth Chart Analysis
VALIDATION: As of August 02, 2017
With reference to our July 14th above market & price call the methods applied in analyzing the AUDUSD have been quite effective to say the least in obtaining a reasonable reward ration over the risk of loss in positioning when a candlestick formation of a morning star / long shadowed wick similar with a spinning top bar located on the lower band were established.
On the Technical Perspective: In-Depth Chart Analysis
With reference to our July 14th above market & price call the methods applied in analyzing the AUDUSD have been quite effective to say the least in obtaining a reasonable reward ration over the risk of loss in positioning when a candlestick formation of a morning star / long shadowed wick similar with a spinning top bar located on the lower band were established.
Now it only took one week for the Aussie to achieve a breakout from a USD correction due to negative US report on retail sales. However, the three major indices are still in positive territory.
ReplyDeleteThe difference is knowing where alternatives can be decided on contrary to a depreciating PHP. Taking advantage of when to shift sides for value investing.
ReplyDeleteNow we're talking...a follow-though price action from the AUSSIE trading at 0.7910 with a support from a weaker USD. And would still have enough room to advance. So far so good! Great value trade move made earlier to convert PHP vs AUD as a strategy for a weakening PHP.
ReplyDelete