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AUDUSD RISING!!

Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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AUDUSD RISING!!

Bullish trend
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Aussie to go higher

The AUDUSD has shown a lot of resilience after recovering from a low of 0.7625.
Expecting the bullish momentum to pick up.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart is showing a steady climb from the low with stochastic indicator above 50, signaling bullish momentum.
Weekly chart also shows doji, with stochastic crossing up.
A breach of the upper bollinger band on daily chart will confirm analysis, and we may possibly see 0.85
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Aussis strong recovery

After a steady decline, I am forecasting an Aussie recovery.
Indicators:
Bollinger bands
Stochastic Indicator
My first resistance target is 0.82
next target is 0.88, but that is still further down the line. The Aussie may continue to drop after this recovery, but it is still too early to say.
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AUDusd to rise!!

The pair has been in a downward spiral.
with the last two weeks showing steady decline. The pair is currently below the lower band.
on the daily chart, price can be seen to be testing a previous support level. if this level holds, we should see a sharp correction to the upside.
The rate of decline has reduced, so a possibe reversal.
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Bullish AUD

On the monthly cart, we see the audusd pair in a range.
Not much volatility due to summer conditions.
But even with low volatility, we see a series of bull candles on the weekly chart, if price can break out of the range upward, 0.9600 is a strong possibility.
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Nice

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Weak AUD

I am seeing the AUDUSD falling within the next couple of weeks, my target is 0.88.
I expect the most recent support level on the monthly chart to be tested again.
On the same chart, we can see a spinning top formed, a very powerful reversal sign. A sign that the AUDUSD may not climb any higher. We have to wait and see how the pair performs by the end of the week to have a clear indication. But it looks like the bulls are starting to lose steam.
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AUD bulls

I expect the AUDUSD to reach parity, before we see any other bearish move. We still have a couple of weeks, so it is very possible. The weekly chart shows a bullish engulfing pattern.
On the daily chart, a major trendline has already been broken, so i expect the pair to continue climbing higher.
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AUD bulls coming back!!

After a very remarkable drop, i believe the AUD is going back up. it might even make new highs.
My target may look a bit ambitious, but lets not forget how trendy the AUDUSD is. On the daily chart, the pair has broken out of its range, with a very strong tendency to climb higher.
On the weekly chart, this is our 2nd bullish week, chances of the pair climbing higher are very high. With its correlation with gold, alot could happen.
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The AUD drop to continue

The AUDUSD has been dropping since april 2013, from its high of 1.0582. It got as low as 0.8847, then we saw a sharp retracement to the 0.9529 area. I do not believe the major down trend is over, i expect the AUDUSD to continue its drop within the coming weeks.
we can already see some weakness in the one hour charts with the pair below the 200EMA.
And with the USD talks about taking QE off the table, i think that the rumor of such a move is enough to keep the AUD under alot of pressure. Its stil…
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