Forex Trader

On February 16. I wrote in my weekly analysis that the Aussie could try to reach 0.7600 from 0.7150. Three weeks latter here we are, the target is reached with high of 0.7592. First week was tough as I pointed in my analysis, 0.7150/200 was important level to be broken for furder gain on wich the buyers have spend 7

You can see in my weekly chart that the Aussie is trying to brake this strong weekly down trend line and if the buyers manage to brake this, the Aussie will attack 0.7400 for the fourth time. In this case, I see a possible attack at the 0.7600 level. What needs to happen now? At first, this trend line must be broken, after

As I see this, it’s possible inverse H&S pattern and 300-350 potential pips in long position. Firts test for the buyers is this necline at 0.7030/60 which they have already tested. If thay manage to brake that, daily MA100 could be the next target and resistance level at 0.7150/80, after wich comes weekly down trend line at 0.7240/60. Take this resistance

Aussie’s strenght on Friday was a little strange despite US dolar, breaking some strong resistances on the way up. But today, in the beggining of the new week, everything is back to ‘normal’ and the US dollar has returned lost teritory during the Asian sesion. As I pointed in my AUD/USD analysis from Friday, last daily MA100 break from June

Aussie is breaking resistances one by one and marching forward up strongly in the last two days. If the bulls remain so strong, next target is 0.7300 > 0.7370. Last time, when the Aussie close the day above daily MA100 was June 18., but it didnt’t last long. Could this time daily MA100 provide a solid support on the way

Aussie can’t get out of the bear hug as well, sellers are ready at H4 down trend each time when the buyers try to respond. The resistance is providing the H4/MA100 as well (red), you can see the several burned candles under the line. The previous resistance at 0.7070 stoped the fall yesterday and return the pair just under the

US dollar buyers have no mercy and strikes back all over the market in the last couple of days. Technical levels works fine, let’s take a look could we have an inverse H&S here at daily chart? It’s obvious that we have head at 0.6900, neckline at 0.7250, one shoulder at 0.700 for now, second colud be here as well. But, what

Huge selling pressure continues at AUD/USD in wich Aussie can’t recover and 0.7500 remain untouched in the last 6 weeks. First buyers are placed here at 0.7300/20, biger ones are waiting at 0.7200/50. Sellers are ready at 0.7400 all the way to 0.7500 and that will be hard to brake in the up coming weeks. Could we expect that a range

Aussie aproached six years low and it’s possible to test it again. Last week the pair already was near, but it bounced up strongly on Monday from this 0.7600 level, reached 0.7820 high, where the sellers have taken over the pair and returned it stronly down to 0.7600 again, where the pair closed the week near. At the begining of

Sure that you remember my Aussie analysis from April 28. and my predicted target at 0.8030/70. Well, the pair reached that level yestreday, with high of 0.8075, where sellers have take over the control. The pair ended day in red and sellers continued today is the same bearish mood, pushed the Aussie back all the way to the support at 0.7900,