Aususdtrade
AUD/USD daily- Reflecting down off its 20 simple MAAUD/USD daily- Reflecting down off its 20 simple MA
Also, must reflect down below its 38.2% fib retracement level at 60.92
AUSUSD (Y20.P1.E1).More losses to proceedHi All,
Observations:
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> Downward channel
> Downward trend not broken, higher lows and lower lows.
> 200 and 50 EMA still above price
> RSI bearish, MACD bearish on the weekly. RSI has room for more lows.
Thoughts:
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Another 5% loss against the USD is forecasted to hit previous bottom.
Other references:
Australian-Dollar-Forecast-Key-AUDUSD-Levels-to-Watch-as-Breakdown-Unfolds
Regards,
S.Sari
(for my reference, W.List chart)
AUSUSD Double TopPrice is almost at the neckline. Following break and close of the neckline I'll be looking for shorting opportunities.
What's your plans for this pair?
AUDUSD SHORT TERM LONGHey traders, this setup is going long for some short term pips.
-There has been 4 touches on this key support level, all of which have had stop loss hunts as seen by the long wicks & dips.
-There is very little demand that would keep it at these levels as seen by the volume profile.
-I see the green box as a nice target price for this short term long.
Watch out though as this trade may sit in this yellow demand zone for a little and maybe even try to get another stop loss hunt.
Iron Ore AUDUSD Correlation DivergenceAUDUSD and iron ore have been quite tightly correlated over the years as it is one of Australia's number one exports. Now there is divergence which should be looked upon with high skepticism. Either the Aussie dollar will rise on the prospect of higher demand or the price of iron ore will retreat on the continue lack of demand if the supply side cannot remain limited.
AUD/USDPrice has broken the 0.71663 Resistance zone. Looking for a pull back before further upside movement to the next resistance level.
Potential buys in play.
AUD USD ShortsAUD USD testing Trendline top--
Short offer good RR if trend line holds--
look for entry on smaller TF
AUD-USD Bearish Descending wedge breakout (Weekly chart).AUD-USD Bearish Descending wedge breakout (Weekly chart). Long term target around 60 US cents.
AUDUSD - DAILY - SELL SETUPAudUsd - Daily chart - I see a good oppurtunity to sell all major pairs against the dollar. Audusd here is at the perfect zone to sell for a minimum of 150 pips target to the downside.
AUS USD Daily Chart Wave CountPlease Check my AUS USD Monthly Chart
On Monthly Chart We are Long
0.70500 till 0.78000
Main Wave = E = ABC in Formation of 3 3 3
Sub wave A = abc Formation 3 3 3
We are in "a" ( The Mini wave )
a = ABC Where can Further divide ABC as below ::::
A= i , ii , iii , iv , v ( In dark Green )
where 1 , ii are already complete
For Mini wave iii ( In Blue )
iii would be on H1 Chart for clear view
here i and ii already Complete
Lets deal with iii = i , ii , iii , iv , v ( In Black )
ii Would be Complete with few more pips down at 0.70500 ( I am no more short )
I am Long from 0.70500 / 0.71000 Level
Wish all of you Marry Xmas and many many Green Pips.
