Community Blog

Filtrado por etiquetas:  Higher Lows
Avatar

AUD/USD to break lower

Monthly chart:
As most major pairs, Aussie accelerated its decline in the first month of the year. After a bit of consolidation it convincingly broke below 0.80 level and 50.0% retracement of the 2001 to 2011 uptrend. In the following four months it traded mostly in 0.7550 - 0.7950 range, but broke higher in the end of April. The breakout proved to have been fake as the pair returned back to the range in May.
Weekly chart:
Should the downtrend resume, some demand may come in at 0.75 (level tout…
Ler história completa
Traduzir para Inglês Mostrar original
al_dcdemo avatar

UPDATE 8: The latest fall stalled near January 2009 high (0.7268). Below that, 0.72 (61.8% retracement of the 2001 to 2011 uptrend, 76.4% retracement of the 2008 to 2011 rally), 0.71 (trendline drawn off of 2001 and 2008 lows) and 0.70 (big figure level) shall come into play. The pair so far failed to break back above 0.73. Further resistance is seen at the broken Monday low near 0.7325.

WallStreet6 avatar

Great analysis and it could land really close to target!

al_dcdemo avatar

Thanks! Yep, this one looks promising. :)

al_dcdemo avatar

UPDATE 9: Aussie posted three new six-year lows this week, but none of them was able to attract sufficient orderflow to spur stronger downward momentum. The pair's range was the smallest of the seven major pairs, just over 130 pips. However, the pair spent most of the week in even smaller, 100 pip, range. This week concludes five weeks of losses and the month in which the pair lost four cents.

al_dcdemo avatar

UPDATE 10: Week ahead will be important one for the pair as the RBA meets and we will be given clues as to where they are standing with regard to the monetary policy. January 2009 high (~0.7270) is the first support level to break, if the downtrend is to continue. Below that we have 76.4% retracement of the 2008 to 2011 rally (~0.7210) and 61.8% retracement of the 2001 to 2011 uptrend (~0.7180). Initial resistance may be found around 0.7350.

oudeixar comentários
Avatar

GBP/NZD on its way back up to break 2

Gbp/Nzd is in a steady, but choppy uptrend and seems on its way back to 2
On the weekly chart we can see the trendline upward,
and we see that 61.8% fibonacci expansion of the previous move up has held the price down for now:
Gbp/Nzd weekly chart
On the daily chart, though, we see that the retracement now could be a low,
and that the pair is ready for a stronger move up - to break resistance of the move before;
the target of this move - if we take fibonacci expansion again - 61.8% is around prev…
Ler história completa
Traduzir para Inglês Mostrar original
AdamFx42 avatar

We are moving in the right direction - analysis seems to be right here

AdamFx42 avatar
AdamFx42 10 Set

After a steep decline - to 1.93 - price is moving back up again now around 1.96,
soft data today for Nzd, and a Gbp recovery after the Scottish election is over
will lead this pair towards 2

AdamFx42 avatar
AdamFx42 11 Set

Pair already testing 1.99 now - strong move up,

AdamFx42 avatar
AdamFx42 16 Set

my target was hit yesterday - see if we can find another move up

oudeixar comentários