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AUDUSD - a bearish month in May

Hi community members,
Background: this forecast base on balanced distribution (supply vs demand; price oscilator and median). Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: shows persistent supply above 0.77 level, price still is in small range on the weekly chart. But median price in smaller time-frame is decreasing. I expect sell power stable and price can break lower in t…
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Update 1: We have a very nice week for bear. Prices fall freely the same way with copper price. The next support level may be 0.733.

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Update 2: Prices was in a down-trend. Market is rebalancing after fall sharply last week with the same direction of commodity prices. I wait new bear power after rebalance process finish.

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Haynes6EU 15 5月

Update 3: Prices fall quickly to my target at 0.733 and bounced back to 0.74 in a consolidate process. My strategy is sell on rally with medium-term target is 0.72 and long-term even below 0.7 level.

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AUDUSD - The charts show one more leg down is expected???

Hi community,
The pair AUDUSD has been trending up in medium-term for 6 months, during the last 4 months the pair move in a range 0.92 ~ 0.95. Now the daily chart show some weakness of AUD, it seems that the pair topped at 0.95 and fall down again to complete one more leg down before go up again. Meanwhile the Fed is going to end QE in October!
Base on some ideas above, I have technical view about AUDUSD as following:
1. Monthly chart: monthly chart shows could be needed one more leg down before…
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Haynes6EU 28 7月

0.95 seems become a strong resistance. A false break last week. There is more room for Bears :D

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Woa! Australia unemployment rate rose up to 6.4! Very bearish figure is expected. At least target could be 0.9 :D

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AUDUSD will visit 0.95 before fall down 0.9???

1. Weekly chart: I think that major down trend since April 2013 need at least one more down leg to complete before major trend change, And now question is when price start falling? 0.95; 0.96 or even 0.98? First I will watch closely on 0.95 level
2. Daily chart: The key support 0.92 still hold. So it could be signal for more upside. And supply zone area is 0.945~0.95. A break above this area could be a signal for go up even to 0.97. Meanwhile break below 0.92 would be signal go down to 0.9 leve…
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Haynes6EU 10 6月

Bulls power still strong and this pair could go up. But I think the pair is going into supply zone!

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Haynes6EU 16 6月

The pair go up strong and going into resistance area. If resistance hold, we can see this pair back to 0.93 level. A break resistance could be signal go up to 0.955

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Haynes6EU 23 6月

The daily chart shows the pair could break 0.946 and test 0.955 in few coming weeks ahead. Market sentiment still bullish slightly for AUD although the last meeting RBA send dovish tone to the market :D

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Haynes6EU 30 6月

The pair has been flat in range 0.92~0.946 for three months. The next RBA meeting could make clear sentiment for the next move?

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Bullish sentiment for the pair AUDUSD, Bull is climbing .95

Framework:
I. Fundamental data is supporting for Aussie. We are is in a period of stable interest rate.
II. CoT report: market sentiment is changing from bearish to bullish. net long positions for AUD.
III. Technical view:
1. Daily chart: the pair is in uptrend now and the trend could be continuation after correction end at 0.93 or deep correct at 0.92 (may be). Strong demand zone is in 0.92~0.93 area! I don't expect strong deep correct to 0.914.
2. Weekly chart: Bulls can have a rest at 0.955~0…
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Doji on 2nd of May! The price go up from support area to 0.937 level. Australia employment data is supporting for AUD, more strength for Aussie  0.95 is not so far :D

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Price is following the yellow line in the daily chart above :D

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Haynes6EU 16 5月

Bulls is loosing momentum. There is no more support from fundamental?

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Haynes6EU 21 5月

The pair fail to go up more. The pair fall down sharply from 0.94 and I see some key support at 0.92 and 0.914 levels

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Haynes6EU 31 5月

I don't know but I see consolidation between 0.92 to 0.938

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AUDUSD end a retracement at fibo 50% and downtrend line?

1. Weekly chart shows the price hit downtrend line, it means the pair AUDUSD have potential to the short side to complete falling wedge form at 0.855 level. 0.855 level also is a long-term fibo 50% level in weekly chart.
2. The pair is standing at 0.92 level. If the price close above 0.92, it would be a signal for more upside to 0.934 level. Or a closed below 0.92, it may be a signal that retracement end at fibo 50% in daily chart and we can see the pair back to the downtrend to 0.855 level.
3.…
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Haynes6EU 26 3月

0.934 on the way, may be!

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Maria_r 26 3月

very good! +1

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agree

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Haynes6EU 14 4月

Fundamental figure of Australia is getting better. Now I waiting for a pull back at 0.96 level? I believe that the price continues to go up.

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