Downward channel/ bull flag. There is also a posibility of upward channel paly a rolle (dotted lines) but I would love to see the price on lower trend line.
AUDUSD ready to bounce up from Fib and Past Structure. Follow of trend from beginning of year RSI suggest same. If trend is broken, then strong evidence for free-fall. GL
From my analysis (not listed here) i suppose that gold is on top for now. Because of corellation with AUD (analysis is primary the same as for gold) i was entered short AUD/USD at price 0.7540 - 3.5.2016. best day to enter was 27.4.2016 at price 0.7650. If you are trading GOLD you can enter SHORT NOW, best enter for me was 9.5.2016 at price 1275. EXIT is...
The area in the red circle represents past structure, support level which could possibly become resistance with 0.3 Fib retracement and Over-bought market. Good entry point for short. If breaks, all signs available for expectations of a new upward trend.
Australian Dollar is currently on its corrective wave. Target is toward 0.7380 (38.2% Fibonacci retracement). Watch out for the bears (long term).
I introduce you my analysis based on Elliott theory. Please comment, any response is welcomed.
ENTRY- Break of the 23.6% Fib (80.063ish) TP1 - (80.645) TP2 - wil be the .75 Fib Fan AUDJPY
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I see AUD under value keep look at 0.70355-0.71397
Hello Traders, Here I have utilized the the Wolfe Wave, Geo's Off-Set Rule, and Fib clusters. Wolfe Wave - Within the Wolfe's 1-2 and 2-3 points you must look out for an ab=cd pattern which we clearly have stated here. Points 3-4 and 4-5 are less likely to have such patterns. In fact, as a WW trader, you want the 4-5 path to be carved out as smoothly as...
Australia is the third biggest gold-digger… we mean, gold producer in the world, sailing out about $5 billion worth of the yellow treasure every year! Gold has a positive correlation with AUD/USD. When gold goes up, AUD/USD goes up. When gold goes down, AUD/USD goes down. Historically, AUD/USD has had a whopping 80% correlation to the price of gold!
AS WE SEE. NEW HIGHS ON RSI ON DOWN TREND WE WILL SEE A NEW LOW
Long AudCAD on 4hr/daily break to upside. daily timeframe is better for this one because it has been consolidating more extremely on smaller timeframes.
Hello Traders, Here we have a developing Wolfe Wave for AUDNZD. The goal of this post is to find point 4, which can be rather elusive. Highlighted in grey is a Wolfe Wave that completed. As this Wolfe Wave was forming we created an ab=cd pattern that gave us points 1 and 2 of the developing Wolfe Wave. Point 2-3 formed as the first Wolfe Wave completed at it's...
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