Sunday 26 February 2017

Feb 26, 2017 - (Weekly Tech Overview) AUDUSD, EURAUD, AUDJPY

Hi All,

Let's have a look at aussie charts...I know again but let's do it together:

No change in my view, still bearish medium and long term. One can argue: come on Piotr, check the charts and see how strong AUD is.

Well, that's the reason I went through AUD charts again....

Patience is extremely important especially, when one is trying to speculate in FX over medium and long term as we have to wait weeks or months to catch great entry ( with tight stop at the same time, which is not easy on higher TF ).


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AUDJPY

This is a great example if we are talking about the patience. Please check our previous update from 23rd of October 2016 available here or only chart below:


...and current AUDJPY weekly chart:





EURAUD Weekly

Here bulls should decide if they want to move back above 1,40 or give up. Weekly chart is showing some buyers are trying to step in ( lower shadows at the bottom of the channel ), we should get few answers during the week:



AUDUSD Weekly

Last example and here, the patience is really needed:


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Happy Trading

Mr Price Action



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