Swing Trading ideas - page 44

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EURUSD failed to break below 1.1176 support and stayed in a trading range between 1.1176 and 1.1448, suggesting that lengthier consolidation for the downtrend from 1.1815 is needed. As long as 1.1448 key resistance holds, the downside movement could be expected to resume, further decline to 1.1000 area is still possible after the consolidation. Only a break of 1.1448 resistance could signal completion of the downtrend.
 
GBPUSD is facing 1.2960 support. A breakdown below this level would indicate that the upside movement from 1.2396 had completed at 1.3381 already, then further decline to 1.2600 area could be seen. On the upside, as long as 1.2960 support holds, the fall from 1.3381 would possibly be corrective consolidation for the uptrend, one more rise towards 1.3500 is still possible after the consolidation.
 
AUDUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 0.7295 had completed at 0.7003 already. Further rally could be expected in a couple of weeks and next target would be at 0.7300 area. Support is located at the rising trend line, only a breakdown below this trend line could trigger another fall towards 0.6950.
 
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3450 had completed at 1.3283 already. Further rally could be expected after a minor consolidation and next target would be at 1.3450 area. Support is at 1.3340, below this level could trigger another fall towards 1.3250.
 
what is this posting your too much.
 
alexeevmorozov:
what is this posting your too much.

each post is different and for different currency, read properly

 
Thumbs up ;) but such analysis you provide can be obtained in much more deep detailed+visual from external sites, no links or promotion but there are quite a few good ones out there. 
 
Kenneth Parling:
Thumbs up ;) but such analysis you provide can be obtained in much more deep detailed+visual from external sites, no links or promotion but there are quite a few good ones out there. 
true
 
AUDUSD’s bounce from 0.6864 extended to as high as 0.7021. Further rally is still possible in a couple of weeks and next target would be at the top trend line of the price channel on the daily chart. However, as long as the channel resistance holds, the bounce could be treated as consolidation for the downtrend from 0.7295, another fall towards 0.6765 support is still possible after the consolidation.
 
AUDUSD is now in the downtrend from 0.7021. Further decline could be expected after a minor consolidation and next target would be at 0.6900 area. Near term resistance is at 0.6990, only break above this level could trigger another rise towards 0.7050.
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