AUD/USD 4H Chart: Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/AUD 4H Chart: Triangle Comment: EUR/AUD is about to break out of the symmetrical triangle, which should lead to increased volatility in the near term. If the price jumps above the upper trend-line at 1.5650, we will expect an extension of the rally towards 1.5825, where the weekly R1 merges with the last week’s high and 200-period SMA. Additional resistances are at 1.5929 (monthly PP) and at 1.6250 (monthly R1 and Sep high). Alternatively, if the value of the Euro falls below A$1.56, the

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