jvalli

jvalli

Careful people...I don't think AUD is ready for any long positions at the moment. 1. Resistance at 161.8% fib level 2. Formation of a rising wedge 3. Triple top also forming within the wedge (look towards the smaller time frame). 4. Also MACD crossover occuring.

jvalli Updated 

Given it's end of month...it's time to turn our attention to the long term monthly price chart. Yes, there is an upside looming around, clearly with a MACD divergence in formation. However, the upside swing, I believe, isn't ready as the shorter time frames periods continue to break thru their support levels. An A, B, C pattern clearly has the AUD 0.6475...

jvalli

Further to my post yesterday. Today we see the formation of an ascending triangle, convergence at resistance trend line levels. AUD....should see it decline as we approach end of week / month.

jvalli

AUD to continue downslide!!!

jvalli

Continue to short AUD Point 2-3 trendline angle to match point 4-5 angle. Point 5 final = approx. 0.67350

jvalli

1. A & B points resistance level 2. Price at monthly pivot level 3. Triple top formation 4. Rising wedge formation 5. MACD divergence

jvalli

So with end of month & Brexit deadline approaching upon us, we turn our attention to the monthly chart. And interestingly we see an uptrend divergence forming on the MACD indicator & price bars Can we expect the brexit saga, (whatever the results) be the trigger to deflect the AUD north? Interestingly, Oct/Nov 2008 period was also the end of the GFC crisis and...

jvalli

More volatility for the AUD to come. I see price exhaustion at around 61.200 in the coming weeks.

jvalli

July / August 2018 marks the beginning of the GFC crisis back in 2008, and the AUD looks like repeating historical lows again. First support level around .6950 -- medium term. And should the current global trade wars worsen - which I believe will. Second support level around .60359 -- long term.

jvalli

Target .74120 - Schiff pitchfork analysis after confluence of trendlines

jvalli

Current price level, support looking very strong.

jvalli

Solid divergence formed by the Dinapoli MACD. Price bar also penetrating the 25 X 5 MA. Strong uptrend to 0.76400 level were historically resistance will be met.

jvalli

Weekly – medium term view. According to the weekly time frame, appears as if the AUDUSD will be trading sideways for the next 16 months (188 bars) til Jul-Aug 2019. With the first level of support - Schiff pitchfork .786% - approx. 0.75020. Followed by a rebound up to 0.79752 were it will be met with heavy resistance – confluence level (Schiff pitchfork .618% &...

jvalli

Will this be the most likely price move for the AUDUSD over the coming days?? High volatility expected as US economic data is released, including US interest rate decision early next week.

jvalli

Here's my long term view on the AUD dollar - with what I believe - July , Aug period to be the kickoff of a significant negative move.