AUDUSD Weekly Technical Analysis (20-24 April, 2015) | April 18, 2015

Bearish bat pattern can be formed on audusd. On the chart, we have drawn a bearish bat pattern. 88.2% fibo level is sell zone for this pair. If this pair can go on that level, then we can go for sell as per analysis of harmonica pattern. This type of harmonic pattern works well. So we can take that level as good zone for finding sell entry. Target will be 0.7600 area. On h4 time frame, we can also sell a bearish rejection and engulfing pattern which also suggest for sell on this pair.


Signal Service: Premium Membership (Signal Subscription), real time update, opening and closing notifications via twitter, email and whatsApp, daily market update with chart analysis, free profitable forex strategy. For premium membership subscription click here

For free forex signals, click here



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.8013

Resistance One (R1): 0.7896

Pivot Point: 0.7724

Support One (S1): 0.7607

Support Two (S2): 0.7435