EUR/AUD 4H Chart: Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUD/SGD 4H Chart: Channel Down Comment: AUD/SGD bounced off of resistance at 1.0350 earlier this month, and since then the currency pair has been in a down-trend. As long as the descending resistance line at 1.0185 is intact, the outlook will be bearish. We expect the price to fall down to the 1.0050/30 area, where the lower edge of the pattern is reinforced by the weekly and monthly S1 levels. However, there are arguments against the immediate sell-off. First, the four-hour technical

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