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AriasWave
Dec 28, 2022 11:25 AM

AW Aussie Dollar Analysis - Resumption of Downtrend Incoming... 

Australian Dollar/U.S. DollarFXCM

Description

In this video I reintroduce Aussie dollar analysis in preparation for what is a resumption of the long-term downtrend.

This is another example of how all FIAT currencies are losing value against the US Dollar.

It doesn't mean that the US Dollar isn't losing value, it just means that relative to other FIAT currencies, it is the strongest during this period.

The extra data that is now available on TradingView for this pair has made it easier for me to illustrate my current interpretation.

As I haven't covered the Aussie dollar for quite some time, I also cover the long-term view in this video.

As mentioned in the video, I will link the US Dollar video so you can see how the view is in-line with that view.

Remember to use Disciplined Money Management Principles to ensure longevity as a trader.

If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?

Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Comments
xagusd77
1) These kind of predictions are about as useful as throwing dice.
2) Eliot waves are the same kind of rubbish as trying to make shapes out of clouds.
3) by the time 2050 comes around there will likely be a world currency and no us dollar. We've recently seen how other countries can't tolerate a high dollar for extended periods of time so AUD at .20 is a fantasy. Commodities like gold would have to go into double or single digits
AriasWave
@xagusd77, Thanks for the feedback. Your predictions about world reserve currency are based on what exactly? 2050 is a long way off, I don't think anyone cares about 2050 right now.
xagusd77
@AriasWave, you care about 2050 since you said the US dollar should appreciate for the next 10, 20 to 30 years that's the only reason I mentioned it. We are seeing more and more international co-mingling and globalization today and its accelerating fast. Id be very surprised if forex even existed 30 years from now. With an increasingly stronger dollar, theres no way the world economy could function for the next 5 years much less 30. Nobody is going to sit around and watch their currency becomes worthless. Something like this might be a catalist for a new currency who knows but there's no way aud will see .20
JoeChampion
Good job!
Sydsharaf993
Should we sell at the moment with Audusd?
AriasWave
@Sydsharaf993, I will be putting out a price action update today, right now it doesn't look like it.
KEV911
Thanks. Could you do a video on usdcad please?
AriasWave
@kevinsmyj, Good timing, I will record one now!
AriasWave
@kevinsmyj,
TheFxAce
thank you for the video
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