FREE Chart of the Day Ichimoku, Candlestick and Fibonacci analysis for August 17th 2017

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Members Markets Review Ichimoku, Candlestick and Fibonacci analysis for August 17th 2017

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Members Markets Review Ichimoku, Candlestick and Fibonacci analysis for August 16th 2017

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Minor pullback to support for slightly overdone AUD/USD?

Following an extreme trading day with the market testing to the 3rd PP level, we don't tend to see strong follow through the next day.
We are likely to see the market either pull back or go sideways for a day, with the buyers likely to resume in a day or two.
If we do see any upside, it probably won't be of the magnitude of the extreme day.
The 1StD Bollinger Bands are looking a little wide, suggesting that the AUD/USD is a little overbought and a mean reversion wouldn't surprise.
Looking to support on any retracement at the upper band initially, at 0.7914, the middle PP level at 0.7850 or the mean (middle of the bands) at 0.7881.

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FREE Chart of the Day Ichimoku, Candlestick and Fibonacci analysis for August 14th 2017

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Members Markets Review Ichimoku, Candlestick and Fibonacci analysis for August 14th 2017

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Members MONTHLY Markets Review Ichimoku, Candlestick and Fibonacci analysis for July 31st 2017

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