This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The AUDUSD 4H technical analysis training diagram shows the following:
AUDUSD consolidates among EMA 50, EMA 100 & EMA 200. MACD is neutral. RSI shows bullish.
If we consider the reaction from EMA 50, maybe we can see a new try to breach the EMA 100. This will be a sign for EMA 200 or the 1.618 of fib. Otherwise if on Monday the pair cross down the EMA 50 then short for 0.928 first and 0.9242 retest secondly. The support line is now a resistance.
The Market generally is bearish. EMA 50 is under EMA 100 that is under EMA 200.
The AUDUSD 4H technical analysis training diagram shows the following:
AUDUSD consolidates among EMA 50, EMA 100 & EMA 200. MACD is neutral. RSI shows bullish.
If we consider the reaction from EMA 50, maybe we can see a new try to breach the EMA 100. This will be a sign for EMA 200 or the 1.618 of fib. Otherwise if on Monday the pair cross down the EMA 50 then short for 0.928 first and 0.9242 retest secondly. The support line is now a resistance.
The Market generally is bearish. EMA 50 is under EMA 100 that is under EMA 200.
