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  1. #1
    Legendry Member willyw's Avatar

    Hot AUD/USD Weekly Trading Insights !!!

    AUD/USD WEEKLY as of Monday, 11 March, 2013
    Wave 3 of moderate (13%) amplitude may become the smallest wave in this impulse pattern. If price moves in the direction of the trend beyond 1.24 then we must consider that this impulse pattern is flawed. Elliott considers that a wave 3 may never be the smallest between waves 1,3 and 5. A possibility is that wave 3 is still ongoing and when completed, will follow a correction that will bring the final wave 5. Expect the trend to be maintained.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Australian Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.00 is increasing. The Relative Strength Index is at 44.18 in the neutral territory. The Relative Momentum Index is at 42.71 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 10.13. This value is in the oversold territory.
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
    Attached Thumbnails Attached Thumbnails aud-wave-w.jpg  

  2. #2
    Legendry Member willyw's Avatar

    AUD/USD Daily !!!

    AUD/USD DAILY as of Monday, 25 March, 2013
    A Daily white body has formed (because prices closed higher than they opened).
    For the past 10 Daily candlestick bars as of 22/03/2013, there are 8 white candles versus 2 black candles with a net of 6 white candles.
    For the past 50 Daily candlestick bars as of 22/03/2013, there are 26 white candles versus 24 black candles with a net of 2 white candles.
    A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily white soldiers, the steady upward pattern is bullish.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
    Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.04 is decreasing. The Relative Strength Index is at 61.86 in the neutral territory. The Relative Momentum Index is at 62.09 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 88.06. This value is in the overbought territory.
    Attached Thumbnails Attached Thumbnails aud-candle-d.jpg   aud-wave-d.jpg  

  3. #3
    Veteran Member uj.forex's Avatar
    it's a stubborn pair as i always say.... all the major pairs fell sharply, but aussie remained firm and fell just 40 pips, out of which it has recovered almost half of it... heading towards 1.05xx area.... price-action theory works like ANYTHING on this pair... see the bullish hammer on daily chart...

  4. #4
    Active Member pipshunter's Avatar
    It works this way, cause it is strongly correlated with stock markets and when they make new highs Aussie also make new highs!

  5. #5
    Legendry Member willyw's Avatar

    AUD/USD DAILY as of Thursday, 02 May, 2013 !!!

    AUD/USD closes with a Daily big black candle yesterday. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. If the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
    For the past 10 Daily, there are 5 white candles and 4 black candles with a net of 1 white candles.
    For the past 50 Daily candlestick bars, there are 27 white candles and 22 black candles with a net of 5 white candles.
    Daily Separating lines has formed. If the lines occur during an uptrend and the first line is black and the second is white (which is not the case with Australian Dollar / US Dollar) then this suggests that the uptrend should continue.
    If the separating lines occur during a downtrend(which appears to be the case with Australian Dollar / US Dollar) and the first line is white and the second is black (which is the case with Australian Dollar / US Dollar) then this suggests that the downtrend should continue.
    A SAR Buy signal was generated yesterday. If you are short, this might be a good place to exit.
    The close is currently
    BELOW its 200 daily moving average
    BELOW its 50 daily moving average
    BELOW its 20 daily moving average
    The current market condition for Australian Dollar / US Dollar is Very Bearish
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.04 is decreasing. The Relative Strength Index is at 42.78 in the neutral territory. The Relative Momentum Index is at 41.17 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 79.65. This value is in the overbought territory.
    Intra-Daily Trading Strategy for today : SELL AUD/USD
    Sell Target: 1.0238
    Sell Stop: 1.0427
    Enter SELL on OPEN and exit SELL at Target price or at Stop price. Do not reverse.
    Attached Thumbnails Attached Thumbnails AUD-CANDLE-D.jpg  

  6. #6
    Specialist Member marvel's Avatar
    AUD/USD is trading lower against the US Dollar. There are some very bearish signs already and we are exactly above the support level at 1.0220. If we break that level, the way down will be open.

  7. #7
    Legendry Member willyw's Avatar
    Hi members, I have started a new thread for techncial analysis for all the ccy pairs in one single thread. As such this thread will be closed.


    My new thread for my technical analysis is http://forums.binaryoptionsthatsuck....nical-Analysis

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