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AUDUSD - Bounce Above Daily/Weekly Cloud Base Generates Initial Reversal Signal

Discussion in 'Technical Analysis' started by Kaitlin, Jul 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Fresh bullish acceleration broke back above strong daily/weekly cloud tops barriers at 0.7488/95 and signals formation of higher base at 0.7450 zone. Bullish signal was generated by reversing oversold daily slow stochastic, with fresh rally cracking so far 0.7530 barrier (Fibo 38.2% of 0.7673/0.7441 downleg) and turning daily MA's into bullish setup.[​IMG]

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