FX:AUDUSD   Australian Dollar/U.S. Dollar
2107 39 179
a year ago
Share your views break out or one more down.

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a year ago
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It will break up! :)
+3 Reply
anilmangal TOP morshedul.sazid
a year ago
Thanks for sharing
+2 Reply
Hange
a year ago
so bullish to break shoulder line , I think it'll break up
+1 Reply
anilmangal TOP Hange
a year ago
please attach a chart with the H&S
+2 Reply
Hange anilmangal
a year ago
AUDUSD: WHAT I LOOK AT THIS PAIR
+1 Reply
Hange Hange
a year ago
Shoulder line could be lower , it's 0.382AD=0.7197
+1 Reply
anilmangal TOP Hange
a year ago
Thanks for sharing
+1 Reply
one more down for stock markets so if AUDUSD correlates with stock market i think one more down. just very cautious at this level.
+1 Reply
colinsheen PRO colinsheen
a year ago
at least look for a correction.
+1 Reply
albertos
a year ago
Thanks Anil
+1 Reply
AndrewHook
a year ago
I think Aud just start a new cycle nzd as well. I monitor especially aud/nzd and aud/Eur. Remember the urge decrease of both currencies at the beginning of the year. ;)
+1 Reply
anilmangal TOP AndrewHook
a year ago
can you attach a chart please.
+2 Reply
AndrewHook anilmangal
a year ago
I will during the WE.
Reply
AndrewHook
a year ago
Fed won't hike rate this year ( I am not fortune teller), euro zone is not doing well and QE won't help. Dairy prices bottomed and nzd price level seems good, Australia central bank already cut 4 times their rate and does not appear to cut rate further. So ....up and as well if you look on daily FX ( currency seasonality ( just statistics ;)) aud and nzd performed well.
Reply
anilmangal TOP AndrewHook
a year ago
Thank Andrew, but it's called forecasting not fortune teller and if you want to be a good trader the first thing you MUST learn to do is forecast. The reason you buy or sell is because you have a bias on the direction in which it will go and that is forecasting. Most traders disagree on what should be used to create that bias, some say fundamental events other say technical analysis and even these two major groups have disagreements within. Traders using technical analysis argue over what tools are best (MA, Trends, Advance patterns, Elliot wave etc.) So you choose what works for you as long as you make money because regardless of what you use we all have the same goal MONEY!
+11 Reply
anilmangal TOP anilmangal
a year ago
Thanks*
+1 Reply
Vostiothenjo
a year ago
I see a retracement then a rally to the North we are already many pips heading NORTH already so we will add to our longs on a retracement to 0.72779. CHEERZ!
AUD/USD retracement
+1 Reply
Vostiothenjo
a year ago
On your chart price is going down and MACD is going up that shows an up move coming
+1 Reply
KRH PRO
a year ago
Hi Anil,
All are in doubt situation. Wonder, it is going to make triangle for few months in between monthly down trend resistance and yearly uptrend support, between 0.7350-0.6900, exactly like USDJPY. If it goes down less than 6900, next support will be 6000 level. Just a thought. Thanks.
+1 Reply
anilmangal TOP KRH
a year ago
I don't see support and resistance in the chart since I believe they don't exist, so I am not in a position to confirm your analysis.
+2 Reply
KRH PRO anilmangal
a year ago
Was able to find this https://www.youtube.com/watch?v=LIBJTHwwBYA and now I know what you mean. Thanks.
+1 Reply
chimpsky PRO
a year ago
i'm in this right at the bottom so i'm leaving trade open and hoping for a breakout.
+1 Reply
musa.o.abdalla
a year ago
Stilling looking at one more down ward go, Plus remember trend is your best friend.
+1 Reply
IvanLabrie
a year ago
I think the terminal is smaller and already completed (shared territory between wave 1 and 4)
Looks like a truncation too.
+1 Reply
Navdeep_Singh
a year ago
I think there is one more down wave that is due for AUD/USD. Here is how I have been look ing at the chart before your amazing ideas on the pair Anil. Your charts are always very helpful. Thank you for sharing your detailed views.
snapshot
+2 Reply
Cazzie
a year ago
Long term is Bullish.
Monthly is up, as is weekly.
Daily, although bullish, is about to hit a down Trendline and the pair will fall due to this pressure.
The 60 has several Indecision candles at the high of resistance, Indicating the potential bounce down off of the Daily Timeframe.
+1 Reply
Asmi_Analytics
a year ago
Hi Anil ... Good chart of AUDUSD and other pair
i try to follow the flow of trend with trend resistance , support . with fibonachi and 200MA ...it can be up or down...
I am tracking the AUDUSD last 1 month.
based on that following things i noticed about AUDUSD pair...

1) dollar index broken the triangle pattern now trying to take support at 94.79 (78.6 of sep 17 low and sep 25 high ) ...so this bounce will back the dollar index to 95.52 to confirm the trend-line resistance. (just to add..dollar index if 93.5 broken will push down to 92.11) (+ve for currencies against USD)
2) This month end another view on interest rate hike....
3) +ve divergence AUDUSD price.
4) Big green candle in weekly chart. my trend-line resistance in weekly chart between 74000-74900
1) confirmation is 161.8 re-tracement of previous correction (72700 - 69400)
2) 200 MA in daily chart at 73960 (Linear weighted 200MA)
3) If that cross then next 200 MA (simple) which it already tested 14 May


If you want i can share my charts....

any comments are welcome....

+1 Reply
anilmangal TOP Asmi_Analytics
a year ago
Thanks, yes you are welcome to share your charts every time regardless of if you agree with my post or not .
Reply
Hello Anil.. I just draw a chart in AUDUSD trying to show key support/resistance levels in the weekly timeframe. In my eyes it's clear that price will go up for three reasons. First we can clearly see that price moved higher than the previous lower high. That wave up, broke the median line of a channel, which acted extremely well, both as support and resistance. In addition we can see that price failed to break and continue going down, the 0.786 zone of a major impulse wave clearly seen at weekly chart. Maybe price will retrace a liitle to retest the level which just broke but i am confident that it will rally in the next days. That's only my opinion.
snapshot
+1 Reply
anilmangal TOP Fxprotrader
a year ago
Thanks for sharing
Reply
Cazzie
a year ago
You have started a nice group discussion here Anil, which puts various traders views forward about a currency pair.
This kind of stuff is good for us all and gets the old grey matter working.
Correct or incorrect matters little, it's the participation that Important.
+1 Reply
AliBaba
a year ago
Great charts. I`m guessing 1 more leg down
+1 Reply
Thanks for the comments guys. Keep posting you comment and attach a chart (always welcome to do so even if your view is the opposite of mine) it will help traders make a more informed decision. Since no one has the absolute perfect analysis (all analysis are based on a probability) yours may be right this time.
+2 Reply
Vostiothenjo
a year ago
Support and resistance is a lot of bull crap and it doesn't work
Reply
IvanLabrie Vostiothenjo
a year ago
Depends on your belief system, and how you define said support and resistance.
I think it does work, but not the traditional s/r people use, rather areas of frequent and very infrequent transactions in the recent past.
Reply
Vostiothenjo IvanLabrie
a year ago
Ok
Reply
IvanLabrie Vostiothenjo
a year ago
I don't use trendlines for example, yet many people swear by them. :D
Reply
amni570
a year ago
sir anil is there any confirmation about one more down leg? i think it reverse from daily down trend line and it break h4 up trend line in downward. i think it will make one more down leg.
+1 Reply
CherieF PRO
a year ago
I'm waiting for this one!
+1 Reply
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