AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically. The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269). The hawkish...
Now that I have updated the analysis for the bigger picture, we have a better understanding of the overall structure. That means I will continue to maintain the bullish view unless proven otherwise. At the smaller degree we are looking for the start of Wave 2. We may or may not have topped out so I will be paying close attention at the open. The first expected...
In 2023 I will leave no stone unturned and if I am wrong, I will be the first to admit it. When it comes to my previous ideas about the bigger picture, I was completely wrong. In this video I explain my views of the bigger picture and what I believe is coming next for the Euro and Aussie Dollar. I think it comes down to being able to switch between small and...
It is my job to present you with all of the possibilities. Here we go back to the bullish view, and I show you the potential for the beginning of a larger move higher. There is still plenty of time to prepare for this move and potentially even trade it within the correction that I believe is unfolding. This is a time sensitive update if you want to trade the...
In this video I talk about the progress made with the analysis in relation to all the major charts covered at this present time. I also talk about how they relates to the Dollar Milkshake theory and how we could be on the cusp of a sovereign debt crises. When global FIAT currencies start to collapse, central banks will need to continue hiking interest rates to...
Now that we have a potential Wave 3 in progress, it is a good time to talk about the bigger picture including targets. Using AriasWave (Not Elliott Wave), I have an understanding of what comes next. The thing I always tell myself is; If you don't know when to get out of a trade, don't get in. Targets are very important and can only be confidently achieved if...
A good question posted by a viewer leads the topic of conversation in this first weekly long trade wrap up video. I think moving forward things should become clearer. There is an old saying that finding the start of Wave 3 is the hardest thing to do. Of course, I do not believe that myself since creating AriasWave but I do think a lot of people still think it...
The non-confirmation between the US Dollar and Aussie Dollar is the smoking gun right here... With the non-farm employment figured being released in less than an hour, this could be part of the corrective structure. If price remains above .68870 during this volatility, then we could see prices gradually gravitate higher. With the stop level firmly set at...
Price action is really starting to prove itself now on the back of my recent US Dollar analysis. I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies. The plan for this trade will be purely for Wave 3 price action. The target will be the 2.618 extension of Wave 1 which is around 1.15. It's...
I was wrong about the count, but I could still be right about the trade. My stop has not moved from the lows, and I still expect a move higher. I never let a bad count get in the way of profits, besides this trade could last a while if it works out. We still need to see a break of 69 cents for the proper confirmation to occur. Keeping it simple from here on...
One may assume that these patterns unfolding are just a bunch of zig-zags on the chart and nothing more. According to AriasWave these are not zig-zags and in this video I explain why. Zig-zag patterns from in a particular way which is not what is happening here. What we have been seeing here is corrections expanding making them look like zig-zags. This is the...
As the Aussie dollar continues to prove itself within the patterns, we should now anticipate a third-of-a-third wave. All of the 1-2 subdivisions appear to be in place for us to see the expected move higher. We just need to see a couple of levels surpassed before we have full confirmation. Through this time, we also need to see price move up in a very strong...
This video is a recap of the long trade setup that I alluded to a few days ago. So far price action at the small degree points to higher prices over the coming week and beyond. I will begin to focus on potential targets as we get confirmation with a strong break of .69 cents. My stop at this point remains at .66283 until we get that confirmation and then it can...
In this video I reintroduce Aussie dollar analysis in preparation for what is a resumption of the long-term downtrend. This is another example of how all FIAT currencies are losing value against the US Dollar. It doesn't mean that the US Dollar isn't losing value, it just means that relative to other FIAT currencies, it is the strongest during this period. The...
Price has sold off so much, I think I see a trade opportunity to catch the retracement, "reversion to mean". I lay it all out in the video, thank you, and trade safely. 1% Risk 2:1 Risk/Reward
In this update we review the recent price action in the AUDUSD and identify the next high probability trading pattern and price objectives to target
In this update we review the recent price action in the AUDUSD and identify the next high probability trading opportunity and price objectives to target
To summarise DXY failed to make higher highs and then had one last attempt and rejected off key levels on the monthly time frames, creating a failed higher high. It looks like it is wanting to continue its long term channel structure. But we have to be vigilant to the downside as it could still make a higher low and push higher and break out. We will...