AUDUSD: Quarterly and yearly signals and trading map
The levels on chart are very significant, as evidenced by the price action around them, and how the trend signals targets and timing of said trends respects time at mode guidelines.
I identified the end of a quarterly downtrend, in time, byJune 30th, which isn't far ahead, and a new quarterly downtrend signal that points to further declines in the long term, with completion dates by March 31st, 2016.
I think this publication will aid in identifying the potential of lower timeframe signals, when contrasting it with the levels on chart, to gauge how far, and how fast price can move in the future.
In the short term, I anticipate a surge in gold, and in the AUD and NZD pairs, while the crude oil correlated currencies cool down after strong uptrends, and also, while the dollar remains weak (which might extend for months if we continue at this rate).
As for the yearly chart, there's a possibility that we confirm a yearly downtrend signal in the future, depending on how far the AUDUSD rallies and where does the yearly bar close.
Cheers,
Ivan.
I identified the end of a quarterly downtrend, in time, byJune 30th, which isn't far ahead, and a new quarterly downtrend signal that points to further declines in the long term, with completion dates by March 31st, 2016.
I think this publication will aid in identifying the potential of lower timeframe signals, when contrasting it with the levels on chart, to gauge how far, and how fast price can move in the future.
In the short term, I anticipate a surge in gold, and in the AUD and NZD pairs, while the crude oil correlated currencies cool down after strong uptrends, and also, while the dollar remains weak (which might extend for months if we continue at this rate).
As for the yearly chart, there's a possibility that we confirm a yearly downtrend signal in the future, depending on how far the AUDUSD rallies and where does the yearly bar close.
Cheers,
Ivan.
Trade closed: target reached
