Nice Wave Analysis + Price action (AUDUSD - Go upper)Look at that nice wave analysis and ready for the correction!
It still has the potential to go upper because of the powerful uptrend candle, Enjoy!
Audusdprediction
AUDUSD STILL BULLISHAs i can see Aud $ is still in bullish trend and closedd weekly above support zone
so we expect it will continue the bullish trend and we are buying from support till design levels
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AUDUSD SELL FROM WEEKLY RESISTANCE As i can see this pair has reached weekly @strong resistances level now expected a retrace from this zone
so we are entering on sell this pair for a small risk and higher rewards
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AUDUSD - SharkShould USD gain strength, we may expect this pair to go bearish respecting the shark pattern within the corrective structure in B
AUDUSD BUY FROM STRONG SUPPORT ZONEAS we see this pair is strongly bullish and successfully and now
expecting some pips to retrace on Monday and then we start again buying from
given suport levels Aussie data positive and Economy improving
as China supports Aussie Metal export
NEW TP=0.730/0.740
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AUDUSD BUYING ON DIPS 250+ PIPS WAITING !!! AUDUSD this is really very interesting pair to trade it depends alot on china output data
Good China numbers on output data will help Aussie to recover.... always trade with proper risk management low risk and higher returns
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AUDUSD BEARISH TREND (Updated Idea)OANDA:AUDUSD has being on a bearish trend for a long time and if price breaks the rejecting support zone i will look for an entry to join in the trend.
AUDUSD: POTENTIAL SELL AT TREND LINE RESISTANCEAs shown in the chart, AUDUSD has rallied to the Trend Line Resistance(Blue line). This area has stopped all the bullish movements in this pair so far this year.
So, traders can look for S ELL between 0.6925-0.6940 with SL above 0.6980.
TPs can be set at 0.6860, 0.6825 and 0.6750 respectively.
AUDUSD: Will the sellers still dominate?A downward impulse will validate the set-up.
Aggressive buy will invalidate the set-up
Short at 0.7771 for 2 target 0.7724 and 0.6990i short audusd because:
he is under ma20 weekly
on a big pweekly price as resistance
overbought
can some risk off can come when the stock will make a big correction
so same as all time in 2 x 1lot
first lot will cut at 0.7724-25 and take profit
2nd lot will add a Stop loss at +10 pips for secure 55 pips and be safe
AUDUSD NEUTRALFundamental Australian Dollar Forecast: Neutral
AUD/USD bulls had a good week last week
Stronger Australian job creation and weaker US inflation took the pair up to two-month highs
However, a repeat performance looks like a big ask
AUDUSD - A might Short can be expectedHi, Watching this pair since too long, Now for me, it's a great time to short this pair, but in case if it goes above, I will enter another short from the upper blue highlighted area. Thanks
AUDUSD testing major resistance, remain bearishSell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514.
Reason for the trading strategy (technically):
We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below the 93% level where we expect a corresponding drop in price from. We can also see bearish divergence vs price signalling that a drop is impending.
To read about the daily technical analysis strategies in more detail, you can check them out here : www.theforexarmy.com
AUDUSDs3.amazonaws.com
My long term outlook on the Aussie.
Clean Elliot Wave impulse down from Oct 2014.
Bullish consolidation will probably run until mid year or longer.
78.6 retrace @.75 could be a good enter for a long position.
Turn bearish with the break of our long term ascending supportSell below 0.7700. Stop loss at 0.7790. Take profit at 0.7520.
Reason for the trading strategy:
We turn bearish below 0.7700 resistance (break of ascending support line, pullback resistance) for a push down to 0.7520 support (Fibonacci retracement, horizontal overlap support).
RSI (34) has started to break its support and sees bearish divergence versus price signalling a bearish reversal is fast approaching.
AUDUSD above major support, remain bullishBuy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). We also tighten our stop loss to 0.7643 to protect our profits.
RSI (34) is seeing ascending support holding price up really nicely.
