AUD/USD Eyes Key Data After Breaking 0.6600 The AUD/USD extended its rally passed the critical 0.6600 mark to hit new three-week highs. Traders now turn their attention to the upcoming Australian Consumer Inflation Expectations and Unemployment. The pair faces immediate resistance at the 200-day moving average, followed by the 0.668 level. On the downside,...
We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision. That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place. But perhaps the more exciting match ups will be occurring in the forex market....
Now that we have a potential Wave 3 in progress, it is a good time to talk about the bigger picture including targets. Using AriasWave (Not Elliott Wave), I have an understanding of what comes next. The thing I always tell myself is; If you don't know when to get out of a trade, don't get in. Targets are very important and can only be confidently achieved if...
A good question posted by a viewer leads the topic of conversation in this first weekly long trade wrap up video. I think moving forward things should become clearer. There is an old saying that finding the start of Wave 3 is the hardest thing to do. Of course, I do not believe that myself since creating AriasWave but I do think a lot of people still think it...
Price action is really starting to prove itself now on the back of my recent US Dollar analysis. I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies. The plan for this trade will be purely for Wave 3 price action. The target will be the 2.618 extension of Wave 1 which is around 1.15. It's...
One may assume that these patterns unfolding are just a bunch of zig-zags on the chart and nothing more. According to AriasWave these are not zig-zags and in this video I explain why. Zig-zag patterns from in a particular way which is not what is happening here. What we have been seeing here is corrections expanding making them look like zig-zags. This is the...
As the Aussie dollar continues to prove itself within the patterns, we should now anticipate a third-of-a-third wave. All of the 1-2 subdivisions appear to be in place for us to see the expected move higher. We just need to see a couple of levels surpassed before we have full confirmation. Through this time, we also need to see price move up in a very strong...
This video is a recap of the long trade setup that I alluded to a few days ago. So far price action at the small degree points to higher prices over the coming week and beyond. I will begin to focus on potential targets as we get confirmation with a strong break of .69 cents. My stop at this point remains at .66283 until we get that confirmation and then it can...
I am using POW EDGE strategy on this trading idea. I have an AUDUSD trade open on the M30 chart. Trade details are on the chart. I am aiming for TP3 on the printed label. Trade has progressed well but has hit some resistance that I have also highlighted on the chart. If resistance is broken I can see my TP target which is in green being reached. My...
Entering long on AUD/USD. This is a late entry, so I'm anticipating some significant drawdown. Entry @0.75149 Target @0.78049 Trailing Stop @0.73699
long Aussie with stop loss 90 pips. Reasons to buy audusd: zigzag pattern (abcd100) 120 days support line wedge bottom falling flag bullish three drive
AUDCAD has been consolidating after completion of the fifth wave. I think either side has a potential but, it may be safer to wait for a clearer view.
If you are not already long on this pair, there may be another opportunity coming up in the 0.7740 area. Price earlier broke out of a brief consolidation and a re-test opportunity looks imminent. A final target of 0.8100 is possible and either way a good R/R is available for those who stay patient. If you like my analysis, please support me by putting a "like"....
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Australian dollar, can be seen to be moving into a larger falling wedge. Nice buy.
Price is on an up trend Price is at 0.618 fib retracement level where the new HL is likely to be formed if the trend holds. On a lower time frame ( i have used 30min) a descending wedge pattern has been broken and price has potential to rise further up towards the .382 fib extension level *TRADE AT YOUR DISCRETION* Author not responsible for any losses incurred.
Still looking for a long on AU. Currently in trade but it seems we are heading back down again to tap for a 3rd time. I see an expanding flat or an expanding irregular flat in development. This could.... 1. Bounce off .6700 and continue upward 2. Fall below .6700 to .6650 zone and create an INV double left shoulder and HEAD support closer to the blue horizontal...