Sunday 17th September 2017
EOW review
AUDUSD is at the .800 level
It is hard to say that bullish will continue
Because fundamentally there is no fundamental supporting AUD to be getting stronger
Monthly:
EMA 100 is still above and 20 is still on the bottom > still bearish
BB already touched upper band line
Candlestick:
September is not completed but hammer is forming trying to sabotage evening star formation
August = potential reversal indication
Weekly:
EMA 20 already crossed EMA 100
BB already touched upper band line
Candlestick:
hammer inverted/ hanging man
Daily:
Still *might* rally to .807/even .81
Calendars:
Thursday 21 September 2017 3 AM = US FOMC
Friday 22 September 2017 Morning = US Job
This week, prior to US FOMC and US Job: no trade. Hanging on the crucial s/r level. Wait for trend.
EOW review
AUDUSD is at the .800 level
It is hard to say that bullish will continue
Because fundamentally there is no fundamental supporting AUD to be getting stronger
Monthly:
EMA 100 is still above and 20 is still on the bottom > still bearish
BB already touched upper band line
Candlestick:
September is not completed but hammer is forming trying to sabotage evening star formation
August = potential reversal indication
Weekly:
EMA 20 already crossed EMA 100
BB already touched upper band line
Candlestick:
hammer inverted/ hanging man
Daily:
Still *might* rally to .807/even .81
Calendars:
Thursday 21 September 2017 3 AM = US FOMC
Friday 22 September 2017 Morning = US Job
This week, prior to US FOMC and US Job: no trade. Hanging on the crucial s/r level. Wait for trend.