AUDUSD Analysis – July 24, 2010
AUDUSD’s bounce from 0.8066 extends to as high as 0.8970 level. Further rise is expected next week and next target would be at 0.9200 area. Key support is at 0.8632, only fall below this level could turn...
Tag: AUDUSD
AUD/USD Elliott wave count and Fibonacci levels, July 21, 2010
According to wave count this currency pair is now developing potential wave C of the intermediate uptrend. The wave will be confirmed if 0.8870 is broken to the upside
Moving Averages
Moving averages can be used during trending and ranging time periods. If price had been moving ahead of the 50 day moving average or trading below the 200 day MA for a significant period of time and...
AUDUSD Analysis – July 17, 2010
After breaking above 0.8858 resistance, AUDUSD pulled back from 0.8870 level, suggesting that a cycle top is being formed on daily chart. Deeper decline to 0.8400 area would more likely be seen in a couple of weeks....
AUDUSD Analysis – July 10, 2010
AUDUSD has formed a cycle bottom at 0.8315 level on daily chart. Now the rise from 0.8315 could possibly be resumption of uptrend from 0.8066. Further rally is still possible next week and target would be at...
AUDUSD Analysis – July 3, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as correction of uptrend. As long as 0.8066 key support holds, one more rise to 0.9100 is still possible. Resistance is now at 0.8600,...
Price Action of FX Majors
EUR/USD On the Daily Chart, we seem to have run out of steam on the upward climb from June 6th thru June 20th. As we corrected down from the June 20th HI at 1.2470, price has now...
AUDUSD Analysis – June 26, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as consolidation of uptrend. Support is at 0.8450, as long as this level holds, we’d expect uptrend to resume and one more rise to...
AUD USD in Depth
Recently, the pair has been showing volatility as after the breakout of the neckline showed in our previous reports around 0.8605, Fibonacci 38.2% correctional level halted the short-term downside trend which took the pair to the upside...
Chart Patterns
USDCHF: We have been talking about this pair for sometime in light of its recent move against the Greenback. Analyzing a 4hr chart we see a great Head and Shoulders pattern appear signaling this move. The longer...