Victoria's Daily Journal

[victoriajensen]

EUR/USD is testing the support at 1.1570 once again and considering how bearish it is the pair will likely break out below that level soon.

 

[victoriajensen]

AUD/USD briefly broke out below 0.7200 today and it is still very bearish, not to mention that it has formed a shooting star candlestick at 0.7315 on the daily time-frame. Soon there will likely be a proper breakout below the aforementioned support at 0.7200.

 

[victoriajensen]

AUD/USD broke out below 0.7200 and the move to the downside continues, soon there will likely be a breakout below 0.7100 too.

 

[victoriajensen]

AUD/USD continues moving to the downside and broke out below 0.7100 too. Next target is likely around 0.7050.

 

[victoriajensen]

The fundamentals today pushed AUD/USD even further down and it broke out below 0.7050, next week it will likely break out below 0.7000 too.

 

[victoriajensen]

EUR/USD has formed a double bottom around 1.1460, and unless it breaks out below that level soon it may bounce off from it and begin retracing towards 1.1550.

 

[victoriajensen]

AUD/USD bounced off from the support at 0.7040 and it is currently retracing towards 0.7100. That said, the trend is still quite bearish and the move to the downside will likely continue once the retracement ends.

 

[victoriajensen]

AUD/USD found some resistance at 0.7130 and bounced off from it but the retracement may not be over for now. The pair will likely test that resistance once again.

 

[victoriajensen]

AUD/USD is back at 0.7130, a breakout above that level could finally lead to a further move to the upside towards 0.7200.

 

[victoriajensen]

AUD/USD bounced off from the resistance at 0.7140 which is also the (MA)89 indicator on the four-hour time-frame. The pair may retrace back below 0.7100.