AUDUSD - Overview on Monthly Timeframe
Rarely we would publish a monthly analysis here on Tradingview, as in reality they can be of little practical use to non institutional or non proprietary traders. Nonetheless, we firmly believe that monthly overviews are crucial to understand the main direction in the bigger picture and in the medium and long terms. This is mostly valid mostly in certain pairs, in which the structure is easily identified and enables you to clearly define the main direction, or, in other words, the trend.
In AUDUSD the picture is straightforwards: the Australian Dollar has lost terrain against the U.S. Dollar in a huge impulse to the downside from 2013 to all of 2015. After that, the pair has begun to engage in a monthly correction up to this date.
What is interesting, to us, from a trend analysis and trading perspective, is that, at some point, the pair will resume it's downward impulse.
Can you imagine being in this trade from the very moment the impulse starts and going on a 2700 pips ride for nine months?
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
In AUDUSD the picture is straightforwards: the Australian Dollar has lost terrain against the U.S. Dollar in a huge impulse to the downside from 2013 to all of 2015. After that, the pair has begun to engage in a monthly correction up to this date.
What is interesting, to us, from a trend analysis and trading perspective, is that, at some point, the pair will resume it's downward impulse.
Can you imagine being in this trade from the very moment the impulse starts and going on a 2700 pips ride for nine months?
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Comment:
On the weekly timeframe, you can see the pair's potential movements more in detail:
Comment:
The correction can go on for much longer, in reality, making a complex series of movements within the corrective channel, before going for the bigger downside movement.