My AUDUSD analysis and trades

[TraderDTS]

My AUDUSD last week analysis:

AUDUSD

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

 

[TraderDTS]

My AUDUSD forecast:

AUDUSD

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

 

[MDunleavy]

AUD/USD Weekly Outlook
AUD/USD dropped sharply to as low as 0.8315 last week. The break of 0.8549 support suggests that corrective rise from 0.8066 is finished with three waves up to 0.8858, just ahead of 61.8% retracement of 0.9380 to 0.8066 at 0.8878. While some recovery might be seen initially this week, we'd expect upside to be limited well below 0.8858 resistance and bring fall resumption. Below 0.8315 will target a test on 0.8066 support next.
The text is written by ActionForex.

"P&F AUDUSD10080 Box Size 20X3 or(8.21%) HI/LO
Data 0.9849 - 0.4773 ~ 252 Month ~ 7686 Day
Database 1099 records 0.84138 (Last Close)
1989-06-11 00~00
2010-06-27 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

0.9800|~2OO||______________________________x_+_______________________|0.5%|105.32%
0.9600|~4OO||______________________________x_o_+___________+_________|2.53%|101.13%
0.9400|~6OO||______________________________x_o___+_________x_+_______|4.56%|96.94%
0.9200|~8OO||__________________________x___x_o_____+_______x_o_x_____|6.59%|92.75%
0.9000|~1OOO|__________________________x_o_x_o_______+_____x_o_x_o___|8.62%|88.56%
0.8800|~12OO|______________________x___x_o_x_o_________+___x_o_x_o_x_|10.65%|84.37%
0.8600|~14OO|__+___________________x_o_x_o___o___________+_x_o___o_x_|12.68%|80.18%
0.8400|~16OO|__x_+_________________x_o_x_____o_____________x_____o_x_|14.71%|75.99%
0.8200|~18OO|__x_o_x_______________x_o_x_____o_____________x_____o___|16.74%|71.8%
0.8000|~2OOO|__x_o_x_o_____x_______x_o_x_____o_____________x_________|18.77%|67.61%
0.7800|~22OO|__x_o_x_o_+___x_o_x___x_o_______o_____________x_________|20.8%|63.42%
0.7600|~24OO|o_x_o_x_o___+_x_o_x_o_x_________o_____________x_________|22.83%|59.23%
0.7400|~26OO|o___o_x_o_____x_o_x_o_x_________o_____________x_______+_|24.87%|55.04%
0.7200|~28OO|____o_x_o_____x_o_x_o___________o_x_______x___x_____+___|26.9%|50.85%
0.7000|~3OOO|____o_x_o_____x_o_x_____________o_x_o_x___x_o_x___+_____|28.93%|46.66%
0.6800|~32OO|____o_x_o_____x_o_______________o_x_o_x_o_x_o_x_+_______|30.96%|42.47%
0.6600|~34OO|____o___o_x___x_________________o_x_o_x_o_x_o_x_________|32.99%|38.28%
0.6400|~36OO|________o_x_o_x_______________+_o___o_x_o_x_o___________|35.02%|34.09%
0.6200|~38OO|________o_x_o_x_____________+_______o___o_+_____________|37.05%|29.9%
0.6000|~4OOO|________o_x_o_x___________+_____________+_______________|39.08%|25.71%
0.5800|~42OO|________o_x_o_x_________+_______________________________|41.11%|21.52%
0.5600|~44OO|________o___o_x_______+_________________________________|43.14%|17.33%
0.5400|~46OO|____________o_x_____+___________________________________|45.17%|13.14%
0.5200|~48OO|____________o_x___+_____________________________________|47.2%|8.95%
0.5000|~5OOO|____________o_x_+_______________________________________|49.23%|4.76%
0.4800|~52OO|____________o_+_________________________________________|51.26%|0.57%
0.4600|~54OO|____________+___________________________________________|53.29%|-3.62%
Column|||||||2_5_9_8_1_5_9_1_6_5_3_8_5_7_3_6_1_4_5_4_4_5_4_1_4_3_5_3_|
Count||||||||________3_____6_________________7_____________5_________|
BJF Trading Group. Excel Chart. Full size Attached.

 

[MDunleavy]

The Aussie dollar is advancing to test resistance at 0.9350.
Reversal below 0.88 would signal another test of primary support at 0.81.
Break out above strong resistance at 0.9350 appears less likely, but would offer a target of parity if confirmed.
Technically, the AUD USD is in an uptrend after crossing the last swing top at 0.9221 on Thursday.
The pace of the current rally may begin to slow down as this market approaches a series of tops at 0.9323, 0.9337, 0.9364 and 0.9387.
The big number to overtake will be the November 2009 top at .9405.
Hence, even in case of another rise, I'd expect strong resistance near to 0.9404 to limit upside and bring another fall to continue the consolidation.
However, decisive break of 0.9404 will invalidate this view and target 0.9849 high.

"P&F AUDUSD1 Box Size 10X3 or(0.33%) CLOSE
Data 0.9275 - 0.9092 ~ 0.16 Month ~ 4.83 Day
Database 6862 records 0.92631 (Last Close)
2010-09-06 03~04
2010-09-10 22~59 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"
0.9280|~1O|||____________________________+_________|-0.05%|2.07%
0.9270|~2O|||____________________________x_+_____+_|0.05%|1.96%
0.9260|~3O|||____________________________x_o_x___x_|0.16%|1.85%
0.9250|~4O|||____________________________x_o_x_o_x_|0.27%|1.74%
0.9240|~5O|||____________________________x_o_x_o_x_|0.38%|1.63%
0.9230|~6O|||________________________x___x_o_x_o___|0.49%|1.52%
0.9220|~7O|||________________________x_o_x_o_x_____|0.59%|1.41%
0.9210|~8O|||________________________x_o_x_o_x_____|0.7%|1.3%
0.9200|~9O|||________________________x_o___o_______|0.81%|1.19%
0.9190|~1OO||+___________________x___x___________+_|0.92%|1.08%
0.9180|~11O||x_+_________________x_o_x_________+___|1.02%|0.97%
0.9170|~12O||x_o_+_______________x_o_x_______+_____|1.13%|0.86%
0.9160|~13O||x_o_x_+_________x___x_o_______+_______|1.24%|0.75%
0.9150|~14O||x_o_x_o_+_______x_o_x_______+_________|1.35%|0.64%
0.9140|~15O||__o_x_o_x_+_x___x_o_x_____+___________|1.46%|0.53%
0.9130|~16O||__o___o_x_o_x_o_x_o_____+_____________|1.56%|0.42%
0.9120|~17O||______o_x_o_x_o_x_____+_______________|1.67%|0.31%
0.9110|~18O||______o_x_o___o_x___+_________________|1.78%|0.2%
0.9100|~19O||______o_x_____o_x_+___________________|1.89%|0.09%
0.9090|~2OO||______o_______o_+_____________________|1.99%|-0.02%
Column|||||||4_5_3_7_5_3_3_5_7_3_6_3_7_3_7_7_6_3_3_|
Count||||||||______________________________________|

BJF Trading Group. Excel Chart. Full size attached.

 

[The_Snowman]

The Aussie dollar is advancing to test resistance at $0.9350.
Reversal below $0.88 would signal another test of primary support at $0.81.
Break out above strong resistance at $0.9350 appears less likely, but would offer a target of parity if confirmed.
Technically, the AUD USD is in an uptrend after crossing the last swing top at 0.9221 on Thursday.
The pace of the current rally may begin to slow down as this market approaches a series of tops at 0.9323, 0.9337, 0.9364 and 0.9387.
The big number to overtake will be the November 2009 top at .9405.
Hence, even in case of another rise, I'd expect strong resistance near to 0.9404 to limit upside and bring another fall to continue the consolidation.
However, decisive break of 0.9404 will invalidate this view and target 0.9849 high.

"P&F AUDUSD1 Box Size 10X3 or(0.33%) CLOSE
Data 0.9275 - 0.9092 ~ 0.16 Month ~ 4.83 Day
Database 6862 records 0.92631 (Last Close)
2010-09-06 03~04
2010-09-10 22~59 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"
0.9280|~1O|||____________________________+_________|-0.05%|2.07%
0.9270|~2O|||____________________________x_+_____+_|0.05%|1.96%
0.9260|~3O|||____________________________x_o_x___x_|0.16%|1.85%
0.9250|~4O|||____________________________x_o_x_o_x_|0.27%|1.74%
0.9240|~5O|||____________________________x_o_x_o_x_|0.38%|1.63%
0.9230|~6O|||________________________x___x_o_x_o___|0.49%|1.52%
0.9220|~7O|||________________________x_o_x_o_x_____|0.59%|1.41%
0.9210|~8O|||________________________x_o_x_o_x_____|0.7%|1.3%
0.9200|~9O|||________________________x_o___o_______|0.81%|1.19%
0.9190|~1OO||+___________________x___x___________+_|0.92%|1.08%
0.9180|~11O||x_+_________________x_o_x_________+___|1.02%|0.97%
0.9170|~12O||x_o_+_______________x_o_x_______+_____|1.13%|0.86%
0.9160|~13O||x_o_x_+_________x___x_o_______+_______|1.24%|0.75%
0.9150|~14O||x_o_x_o_+_______x_o_x_______+_________|1.35%|0.64%
0.9140|~15O||__o_x_o_x_+_x___x_o_x_____+___________|1.46%|0.53%
0.9130|~16O||__o___o_x_o_x_o_x_o_____+_____________|1.56%|0.42%
0.9120|~17O||______o_x_o_x_o_x_____+_______________|1.67%|0.31%
0.9110|~18O||______o_x_o___o_x___+_________________|1.78%|0.2%
0.9100|~19O||______o_x_____o_x_+___________________|1.89%|0.09%
0.9090|~2OO||______o_______o_+_____________________|1.99%|-0.02%
Column|||||||4_5_3_7_5_3_3_5_7_3_6_3_7_3_7_7_6_3_3_|
Count||||||||______________________________________|

BJF Trading Group. Excel Chart. Full size attached.

Are you affiliated with INCREDIBLE CHARTS or just committing PLAGIARISM

 

[Lord Flasheart]

im short on this from 9326, from a simple 60 min trendline,lets see

my stop is 9242

 

[The_Snowman]

im short on this from 9326, from a simple 60 min trendline,lets see

my stop is 9242

SHORT, so you mean your Take Profit is 0.9242 or perhaps a typo and it is 0.9342 ?

 

[Lord Flasheart]

SHORT, so you mean your Take Profit is 0.9242 or perhaps a typo and it is 0.9342 ?

sorry typing error,mystop is 9342

 

[Lord Flasheart]

bounced off line again,hoping it falls away this time,stop is now 9348,enough to cover increase in line gradient

 

[The_Snowman]

bounced off line again,hoping it falls away this time,stop is now 9348,enough to cover increase in line gradient

Definitely a counter - trend trade, I don't have data access right now but I'm looking at $0.9350 on MARKETWATCH

better to wait for change of direction, then catch the first pullback