Hello.
Time Wave analysis of AUDUSD as of March 31st.
AUDUSD continues its strong rebound in the weekly demand zone.
After rising along the 4-hour correction trend line, the last 4-hour correction trend line is broken, showing a correction pattern, and then drawing a daily support line in the daily demand zone below.
If the daily correction trend line is not broken, a daily uptrend may follow. However, if this line is broken, a weekly correction process may occur as it has risen without a weekly support so far.
Therefore, a temporary downtrend may come out, and it will come down to around the weekly demand zone, and the overall pattern is expected to be made into a weekly running flat pattern.
We expect a rebound in the weekly demand zone, which should lead to a weekly uptrend by the new weekly correction trend line. It propagates from a daily wave to a weekly wave.
However, when a correction pattern is seen, not a weekly rising wave,
It is expected to come down to the starting line of the monthly correction trend below.
Look for buying opportunities in the weekly demand zone. Or look for sell opportunities when the daily correction trend line of the uptrend is broken.
good luck.
Time Wave analysis of AUDUSD as of March 31st.
AUDUSD continues its strong rebound in the weekly demand zone.
After rising along the 4-hour correction trend line, the last 4-hour correction trend line is broken, showing a correction pattern, and then drawing a daily support line in the daily demand zone below.
If the daily correction trend line is not broken, a daily uptrend may follow. However, if this line is broken, a weekly correction process may occur as it has risen without a weekly support so far.
Therefore, a temporary downtrend may come out, and it will come down to around the weekly demand zone, and the overall pattern is expected to be made into a weekly running flat pattern.
We expect a rebound in the weekly demand zone, which should lead to a weekly uptrend by the new weekly correction trend line. It propagates from a daily wave to a weekly wave.
However, when a correction pattern is seen, not a weekly rising wave,
It is expected to come down to the starting line of the monthly correction trend below.
Look for buying opportunities in the weekly demand zone. Or look for sell opportunities when the daily correction trend line of the uptrend is broken.
good luck.