Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
DailyFX Home / Forex Technical Analysis / Forex Candlestick Summary

Forex Candlestick Summary

Symbol Trend Bias Time Frame Candlestick Formation Candle Bias Chart Links

AUD/USD Compression Continues As Candlesticks Indicate Indecision

Talking Points

  • AUD/USD Technical Strategy: Sidelines Preferred
  • Limited Follow-Through For Candlesticks On The Daily
  • Awaiting Break From 0.8660 to 0.8900 Trading Range

AUD/USD remains trapped within its narrow trading band between 0.8660 and 0.8885 with an ensemble of Dojis evident on the daily. The candlestick formations indicate indecision from traders and leave a more constructive setup desired to offer a clearer technical bias.

AUD/USD: Awaiting Break From Range As Intraday Swings Continue

AUD/USD Compression Continues As Candlesticks Indicate Indecision

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

Choppy trading conditions on the four hour chart have given rise to several candlestick formations. Yet follow-through remains lacking. This leaves a more constructive setup desired for playing the pair.

AUD/USD: Price Compression Continues

AUD/USD Compression Continues As Candlesticks Indicate Indecision

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

Latest Topics in the DailyFX Forums

EURUSD
by tapereader
Today at 09:19
EURUSD
by FXTA
Today at 09:16
GBP and JPY Pairs
by Lukman Otunuga
Today at 09:07
EURUSD
by Lukman Otunuga
Today at 09:06

Resources