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AUD/USD technical analysis

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AUD/USD technical analysis

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  #1 (permalink)
Posts: 9 since Dec 2009
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Hello Traders!

Here is my AUD/USD analysis:


Not much has changed since last week despite a new extreme. It is an uptrend. The price has hit quick reversal level 7/8 on the move and went down. Since the price went through 3 MM-levels without strong retracement, a trend reversal from this level is likely.


Not much has changed since last week. An uptrend. All targets along the trend are quite close to each other. We can see a retracement from strong level 6/8 which is significant on weekly charts. Perhaps, this is a start of a downtrend. However if the uptrend continues, the price is very likely to reach level 8/8 that is below target T1, because on the way to this level the price has only a weak local reversal level 7/8.


This is a downtrend, the price is in the trading range and may linger there for a while. On the way to target T1 there are no strong levels from senior time frames, so the price may easily reach this target after hitting p.4 down.


An uptrend. The price is in the upper trading range after hitting p.4 upward, till level 8/8 there are no more strong resistance levels from senior frames. The price may reach target T2 or even target M (unless the price is stuck at quick reversal level 7/8).

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  #2 (permalink)
MrBean's Avatar
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Weekly stochastics bullish, but momentum bearish.
Daily stoch bullish , momentum also bullish.
Hourly stoch embedded up high - bullish , momentum turned down bearish.

Conclusion, look for the hourly pullback and go long.

I still keep kicking myself for not getting in the Aussie when it made higher lows back in Feb - March. It was at 55 yen but now at 85 yen. I'm in Japan and I wanted to buy currency for a deposit on a house for when I return to Australia. Missed the boat. Grrr.

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  #3 (permalink)
Posts: 9 since Dec 2009
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My AUDUSD last week analysis:


Based on the previous analysis of 240 min chart, the closest target along the trend was Т1-0.8925 (Fig. 1).

Fig. 1 240

The target was reached on Jan. 28, 2010, but the trade was not made due to a small estimated profit (Fig. 2).

Fig. 2 240

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  #4 (permalink)
Posts: 9 since Dec 2009
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My AUDUSD forecast:


Based on the weekly charts, the price moves upward, for the time being it has lingered near level 7/8, further rise is possible (Fig. 1).

Fig. 1 - W1

Reasoning from the daily charts, the closest target is Т1-1.0031 (Fig. 2).

Fig. 2 D1

Reasoning from the 240 min chart analysis, the closest target along the trend is T1-0.8826 (Fig. 3).

Fig. 3 240

Reasoning from the hourly chart analysis, the closest target along the trend is 0.8734 (Fig. 4).

Fig. 4 60

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  #5 (permalink)
Chicago IL
Posts: 7 since Mar 2023
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You still trading AUDUSD?

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Last Updated on March 24, 2023

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