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AUD/USD uptrend in progress


Situation:
Based on the long term prospective, the overall situation is an uptren ( a very slow and with a lot of deep retracements )
I epxect the price to continue in the same way.
In the past few weeks the price had a consistent buyers pressure. No the price reached a resistence level, i expect a little retracement and , after that, for the price to move higher.
Expected rate: 0.82200
Weekly chart:
On the weekly chart i pointed out my main idea
Daily chart:
A possible scenario is described
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Shuael avatar
Shuael 28 Dec.

I used a wrong timeline, setted on the 20 of feb.

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AUD/USD prediction 1st of July

Weekly chart:
On the weekly chart i simply draw a pitchfork considering the privous highs and lows.
As you can see the bears are weakining near the median line, a pullback is expected.
Daily chart:
On the daily chart i draw the possible scenario considering the weekly pitchfork.
Also we have a 61.8 fibo retracement confluence on that level.
A retest of the previous highs is expected
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AUD/USD Prediction for the 1st of June

Weekly chart:
On the weekly chart i pointed out the resistence zone that the price breached and the next one, where, i think, the price will have some trouble.
Daily chart:
On the daily chart i draw the possible scenario.
Considerin also the stron momentum and the light pullback of the price.
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AUD/USD down to 0.7364

General:
The pair is in a general downtrend which, i think, will continue after the daily retracement.
Expected rate of the pair for 1st of May: 0.7364
Support: 0,7561; 0,7443; 0.7364
Resistence: 0,8646
On the weekly chart:
On the weekly chart i just pointed out the main downtrend and some support levels, which may be the future target of the pair.
On the daily chart:
On the daily chart , as you can see, the price passed the daily trendline. For this reason a possible up move can happen. But f…
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AUD/USD down to 0.7414


General:

The pair is in a main downtrend as you can see from the weekly chart.
Expected rate of the pair for 1st of April: 0.7414
Support: 0.7413; 0.7665
Resistence: 0.79624
On the weekly chart:
On the weekly chart i just pointed out the main downtrend
On the daily chart:
On the daily chart i pointed out some important resistence and support levels which may affect the movement of the price:
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AUD/USD up to 0.8555

General:
The pair is in a strong downtrend as we can see from the weekly chart, but it also met an very important support level around 0.8037, from which, i think, the price will go up.
Expected rate of the pair for 2nd of March: 0.8555
Support: 0.8037
Resistence: 0.8250; 0.8555; 0.867.
On the weekly chart:
On the weekly chart we have two different signals.
1) The Candle pattern+ the bearish next candle, which is clearly a bearish indicator
2) The support level.
On the daily chart:
On the …
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AUD/USD first up then down to 0,8567

General:
The pair has met an important support level around 0,8567, from which it should go up, but then again down , because there is a main downtrend as weekly chart shows.
Expected rate of the pair for 2n of January : 0,8567
Support: 0,8567;
Resistance: 0,8771; 0,8897; 0,9066
On the weekly chart:
On the weekly chart the price met an important support level, and the possible double bottom pattern may be in action.
On the daily chart:
On the daily chart i pointed out some important support and …
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AUD/USD up to 0.9142

General:
The pair hit an important support level, around 0.8659, forming a possible double bottom pattern. The price should rise back up again after that.
Expected rate of the pair for 1st of December : 0.9142
Support: 0.8659
Resistance: 0.8905; 0.92285; 0.9409
On the weekly chart:
On the weekly chart i pointed out some resistence levels. Also a very clear double bottom pattern can be seen.
On the daily chart:
On the daily chart a pointed out a possible triangle pattern wich should make the pri…
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