Divergence H4 + HnS m30, a good drop is coming.
I am so glad to be back posting after more then a year. My technical's are bleeding that its oversold but due to the fundamental for the Aussie being so poor keep a tight look on this but from what I can see its a great R:R. The technical side looks great. We haven't seen AUD/CHF at this level since 2016 so hopefully that level will be supported and expect a rally...
After the AUD/USD pair met and passed the previous target, a larger review of the currency pair was done. Essentially it was discovered that the currency exchange rate remains in a dominant ascending pattern, which can be best drawn on the daily candle chart. Meanwhile, there is another pattern on the pair. The still not fully confirmed descending junior pattern...
Next probably motions of AUD index has been shown by neowave counting method... The first TP is 101 unit in the shape of A wave of triangle.... So, in the long time it is practical to rising some symbols such as #AUDJPY
Good evening Traders, I was waiting for a long time for a bottom in the AUDUSD. Now finally the AUDUSD made a very nice inverse head and shoulders pattern and even confirmed it. It broke the neckline to the upside. I want to buy it later on in a pullback in a lower timeframe, maybe this week. Lets see. Hopefully, we get a good entry in a lower timeframe. I...
Buying AUDUSD at 0.7510, always use a SL - 0.7458 and first TP in which I will take half is 0.7555 then the rest will go for 0.7630
5/10/18 The US Dollar has had a fantastic run over the last few weeks, but now, we can expect other currencies to take a turn to outperform the dollar. Despite the recent run, on the long-term perspective, the dollar is still in a downtrend. I have studied the Aussie Dollar / USD chart time periods, I expect now is a moderately good buying opportunity. We...
AXY Already complete it's M pattern. now in my view it's start the journey to long.
Looks like Auz is trying to find support at the 8.2c mark. Large gap from late feb has been filled. Last month has been in a downtrend. Downtrend lasted approx 1 month. OBV lowest it has been for quite some time. Conclusions: Optimistic - A period of accumulation then hopefully a trend reversal. FA of this company are great. Will top up on holdings when a clear...
As the US Dollar has kept appreciating the AUD/USD is no exception to the phenomenon. On Monday it could be seen that the rate was going down in a junior, narrow descending pattern. The pattern was set to guide the rate down to the 0.7620 level, where various support levels are located. Namely, a monthly and a weekly support levels are located at that level...
What we see here is a really eager consolidation period. Since the beginning of February the Euro hasn't found a place to go, and the Australian Dollar has recently established some bullish behavior over some other majors. In this graph we can see that there is a persistently strong resistance level around the 1.5655 area, right above the 78% retracement. I...
The previously expected decline of the Australian Dollar against the US Dollar occurred on Wednesday morning. However, before the target area of 0.7750 was reached, the pair lingered horizontally for most part of Tuesday’s trading. After reaching the 0.7750 mark the rate found support and began a surge, which from a technical perspective was caused by the...
AUDCHF just broke out of the double bottom pattern. Cheers!
ASX bounced nicely off its support at 5906 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its 1st resistance at 5988 (61.8% Fibonacci extension, 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). If it breaks past this point it could potentially...
In an effort to offer a breathe from the US Dollars surge, Dukascopy analysts took a look at the AUD/CHF currency pair. In general the rate is highly volatile and there are no large or small scale trend lines to be drawn. Instead the currency pair is bouncing between large scale Fibonacci retracement levels. Meanwhile, in the past month the Aussie has been...
The Australian Dollar on Monday stopped the surge against the US Dollar, as the pair encountered medium term ascending channel pattern’s resistance line. Moreover, the resistance was strengthened by the weekly R1 at the 0.7960 level. Due to that reason it is expected that the most junior channel up pattern will soon be broken, and a new junior pattern will be...
The common European currency recently jumped against the rest of the currency market. However, on the EUR/AUD pair the end of the surge has already occurred. Namely, the currency exchange rates surge was stopped by the upper trend line of a long term channel down pattern. However, the trend line might have not affected the currency pair alone, as there are four...