Hi traders! (As always, our students got notified early about this analysis) The AUDUSD is currently in a short term downtrend but in a longer term bull cycle. You can see in this chart that AUDUSD got hammered past few days and did a 3 month low. Looking at the weekly FIB extensions we may have now hit a wall. Concidently, that FIB extension lines up...
Downtrend for this currency pair continues as the price fell down sharply on increased volume. Unfortunately, it was spread throughout the chart, so we can’t point out any concrete volume level. Anyway, now we should consider only short positions. We can enter the market after a smooth upward correction on small volume. A stop loss should be place at the level...
This correction is almost over and i think the market is ready for next up move. Please trade with care.
AUD/USD continued falling after the release of the negative macroeconomic data this morning and finally broke through the lower limit of consolidation/support level 0.7744. It is worth noting that the movement was sharp and on a fairly large, as for the Asian session, the volume. Considering this breakdown move we should give preference to short positions. Sales...
The pair fell down sharply during the Asian session and is trading in the local consolidation a little bit below the resistance level 0.7893. That's why we should wait for the exit of the pair from this range and after that consider opening new deals here. The bottom line: wait for the exit of the pair from the local range.
AUD/USD showed a smooth growth and is still located below the resistance level 0.7893, which is also a local maximum. Overall, the pair is trading in the consolidation, but given that AUD/USD is near its upper limit, we should consider the scenario of its breakout. The move should be sharp and on large volume. A stop loss should be placed below the breakout...
AUD/USD showed a smooth fall of the price yesterday, but the move was on small volume, so we can't consider it as a reversal signal. But on the other hand, we can open long positions only after a strong and sharp breakout of the resistance level 0.7893. The move should be supported by large volume. A potential of the deal is 70 pips.If the price continues falling...
Hi traders! AUDUSD seems to just pattern itself out each time. We see again the same bottom that it made last time before firing up to +0.80 Clear divergence on daily MACD Buyers found in this zone making multiple wicks DXY finally top (resuming its downtrend) Playing off those FIB extension perfectly Here is my suggestion: AUDUSD LONG: ENTRY :...
Pending Long @ 0.7700 Stop Loss @ 0.7650 Target @ 0.7960 RR Ratio @ 3.2 ----------------------------- Pending Long @ 0.7690 Stop Loss @ 0.7570 Target @ 0.8050 RR Ratio @ 3.0 ----------------------------- Buying 3rd wave and 5th wave.do not like to sell in pullback. I prefer the long side. Trading involves substantial risk of loss. I'm just providing insight...
Pending Long @ 0.7970 Stop Loss @ 0.7850 Target @ 0.8220 RR Ratio @ 2.08 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Uptrend in sub wave "C" will continue. All the best Traders.
Hi traders! As I'm looking at this chart, it's telling me that AUDUSD as somehow topped when it traded to 0.80 and now is looking for some retracement before knowing the real deal. MACD already crossed and RSI seem to have maxed out. RR is our favor here since we are shorting a TOP. AUD/USD SHORT ENTRY : 0.79307 SL : 0.80042 TP : 0.76887 Trade safe!
With Stochastics oversold on the H1 and H2 charts together with RSI divergence, we will be looking to long AUDUSD if we can break above 0.79150 and get a good reason for entry. Should price break down below 0.79000 then we will be looking for short opportunities at previous structure levels.
After GDP news from US, USD's weakness continued and pulled all currencies power upwards. As we see AUDUSD passed upwards and continued its trend from consolidation box- 100-pip area between .7880 and .7980 . GDP news will affect our chart tru Long positions and opened up AUDUSD's way upto 0.81 band (Fibbo %127 level). After retracement to 0.7950 band there will...
Hi traders! Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow...
After its hike upto 0.79 band AUDUSD consolidated itself till Friday market closing time.Waiting a small retracement till %76 - %61 fibbo band then it will give us potential to see 0.80 band on Long this week. With its strength against USD we might see Fibbo %27 level 0.8040 band.