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AUD/JPY 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 6, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUD/SGD 1H Chart: Channel Up Comment: AUD/SGD is in a good spot for a rally. The currency pair has formed a bullish channel, and right now it is testing the lower boundary of the pattern, which is reinforced by the weekly pivot point and 200-hour SMA. Accordingly, we do not expect the daily pivots to be able to contain the rally—the price should rise up to 1.0125/40 (up-trend, weekly R1 and October 26 high) before we see a bearish correction. However, advancement could be limited by a lack of

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