Market Movements
AUDUSD: The AUD is approaching very strong long range Resistance between .9350 and .9400. We have seen price action bounce off these levels at least twice in the past year, thus forming a double top as shown...
Tag: AUDUSD
AUDUSD Analysis – September 11, 2010
AUDUSD broke above 0.9221 resistance. Further rise is still possible next week and next target is at 0.9404 (2009 high). Near term support is at 0.9090, as long as this level holds, uptrend from 0.8771 could be...
AUDUSD Analysis – September 5, 2010
AUDUSD has formed a cycle bottom at 0.8771 level on daily chart. Now the bounce from 0.8771 could possibly be resumption of uptrend from 0.8066. Further rise towards 0.9849 (2008 high) would more likely be seen, however,...
Question Answer. Trading Recommendations for AUDUSD and EURGBP
Yesterday I got a few emails with requests to write about AUD/USD and EUR/GBP. As I have enough time, I will kindly write about it. Although in my last review I described the market. I will point...
AUDUSD Analysis – August 29, 2010
AUDUSD might be forming a cycle bottom at 0.8771 level on daily chart. Further rally to test 0.9079 key resistance is expected next week, a break above this level will confirm the cycle bottom, then another rise...
The Picture Can Change When Price Intercepts A Moving Average Cross
EURUSD: After falling through 1.29 six days ago the EUR has failed to generate a close back above that level after several attempts. The EUR has found short term Support at the 100 day moving average as...
AUDUSD Analysis – August 21, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.9221 is more likely consolidation of uptrend. Deeper decline to 0.8700 area to reach next cycle bottom on daily chart is expected next week. Key resistance is...
Commodity Currency Update
AUDUSD: The AUD is still trending up but with embedded high volatility. On its recent pullback it found support at it’s 200 day moving average which also coincided with trend line Support (see blue arrow). The 50...
AUDUSD Analysis – August 15, 2010
AUDUSD has formed a cycle top at 0.9221 level on daily chart. Further decline is expected in next several days, and target would be at 0.8700 area. However, the fall from 0.9221 is treated as correction of...
AUDUSD Analysis – August 7, 2010
AUDUSD remains in uptrend from 0.8315. Further rise to 0.9300 resistance zone is still possible next week, and minor consolidation would more likely be seen after reaching the resistance zone. Key support is at 0.8905, any pullback...