AUDUSD labeled within a Double Three Bullish Correction, within a (W)(X)(Y) (pink).
- Intermediate (W) (pink) - Zig-Zag
- Intermediate (X) (pink) - Bridge / False Break-out
- Intermediate (Y) (pink) - Minor degree ABC (orange) sequence
- Minor A (orange) - Leading Diagonal
- Minor B (orange) - Expanding Flat
Minor C (orange) has started and about to...
The AUDUSD FX:AUDUSD daily chart shows several tailed bars which suggest rejection of lower prices.
The daily chart looks to be drifting up into the higher side of the longer term trading range at 0.7380.
Whilst above 0.7000 prices remain bullish and traders could consider buying with targets to 0.7295 and then 0.7385
Market is currently at monthly lows of 0.66800 after the fourth test this year and no break through yet. The buyers are in with sights to 0.68600. Confirmation is the bullish engulfing 4 hr Candle stick at the monthly zone
Pair: British Pound to the Aussie Dollar
Analysis: Bearish pressure met with an influx of bullish price pressure. Strong GBP gains. This could be influenced by the interest rate decision held by AUD this week.
AUDUSD is not moving that much and in this case a breakout will determine its new trend in Hour 1 Candle. I would suggest to wait for London Open tomorrow and see if there would be a break in the box, because when it breaks then trend will always be a trend until it bends.
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I have been waiting for AUDNZD to reach the resistance level at the top of the daily structure, shown in blue. This is a bearish structure confirmation of the earlier break to the downside on the weekly time frame. I have shorted the daily setup for wave four to the downside. There is a strong possibility that the structure will break the bottom on this wave as...
I am not certain whether the current structure on the AUDUSD structure is corrective or not. Fibo levels suggest it is, but this could be easily invalidated.
It is a minor 5 down to 0.6676 and either a a) reversal, where an impulse 5-wave move is going to take place, or a b) correction that is going to complete intermediate wave 4 and head lower near 0.66 -(100%...
AUD/CHF Daily; I've simply plotted the Volume Profile of June, July, August, and September. Now I have and idea where the Big Banks and Big Financial Institutions like the price to be. Plus the trend is down. I've bought "short" on 0.68256 aiming the August and September Volume Profile of 0.66400.
For some time now, AUDJPY has been downtrending after finding it's place under the .236 speedfan resistance. Now, a short term rally may provide us with an opportunity to cash in on this trend once again.
Now, this trade IDEALLY would have been taken at the 62% retrace - 88~
Already, we have touched the 127% extension. I believe this rally is a...
Here is a short position for AUDCHF. Not the best RRR however the position seems to be desirable. I would expect further downside in this widening channel. Unless .382 Fib resistance is broken...
This is a purely technical trade.
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Our last analysis was spot on, as we've correctly identified the bottom bounce. Now after this huge bull move up, we can expect the bulls to pause, but they're still very strong if we look at the Daily consolidation with the Doji's. Have fun watching! ;)
If you had some value from my analysis, give it a...
Australian dollar possible short term upwards correction but are we going to see a continuation of the down trend?
The Australian dollar has been under pressure from a strong USDOLLAR and persistent weakening of monetary policy in the region. I'd expect to see some pullback here and see what happens as it could continue sharply lower as we have seen this year. If...