Market Frequency - Kite Analysis - AudJpy H1 - Neutral base
Analysis
- Black: D1 trend long fork (between the median line and the lower parallel)
- Red: H4 long fork (between the median line and the lower parallel) and previous week's levels
- Orange: There is no valid H1 fork. Previous day's levels.
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- There is a neutral base but AudJpy falls on daily, weekly and monthly charts
- Black: D1 trend long fork (between the median line and the lower parallel)
- Red: H4 long fork (between the median line and the lower parallel) and previous week's levels
- Orange: There is no valid H1 fork. Previous day's levels.
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- There is a neutral base but AudJpy falls on daily, weekly and monthly charts