The common European currency has continued to trade in the same pattern against the Australian Dollar for some time. Although, there are some minor developments that are explained in this analysis.
Mainly, a junior channel down pattern has been discovered in the borders of the medium term channel down pattern. The channel has already done its main task of guiding...
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average...
As it was expected the AUD/USD pair surged eventually up to the 0.7690 level, where it was met by one of the weekly resistance levels.
However, that level is also serving as a reference point for a larger scale channel up pattern, which is one of the two freshly drawn patterns. One more discovered pattern is the medium term channel up pattern, who has reached the...
The Australian Dollar is about to touch a dominant resistance line against the Japanese Yen. Most likely the move will result in a bounce off to the downside. If that scenario occurs, the latter risk management during the decline should be focused around three areas.
First area is just below the 86.00 mark. At that level the weekly PP together with the 55 and...
The Australian Dollar recently surged to confirm a trend line against the New Zealand Dollar. Due to that reason market participants are finally able to draw the previously expected to reveal itself medium size pattern.
In regards to the short term the pair is likely going to be pressed into the support of the weekly S1 at the 1.1050 mark. It will be done by the...
The Pound continue to surge against the Australian Dollar. Namely, the pair is in three ascending channel patterns of various scale. In this review the main attention is on the medium and short term channels.
The situation is rather simple. The currency exchange rate recently rebounded against the support of the medium scale pattern and began a surge, which...
The situation on the AUD/NZD charts is quite rare. The pair has broken the resistance of a massive scale triangle pattern. The break out occurred in the borders of a dominant channel up pattern, which is set to guide the rate higher in the long term.
Meanwhile, in regards to the smaller scale situation, the pair has retreated in an almost obsolete channel down...
The previous analysis of the AUD/NZD pair turned out to be correct. To the letter. However, the following surge turned out to become a jump not a surge. After finding support below the 1.0980 mark the pair skyrocketed to the 1.1250 level.
Meanwhile, the pair’s surge was stopped on Friday, which provided an opportunity to do some pattern analysis. After connecting...
The Australian Dollar is trading in an ascending channel pattern against the Japanese Yen. The channel represents the pairs rebound against the combined support of two more dominant support levels.
In regards to the short term, the pair is set to continue to be influenced by the various pivot point levels until the junior channel together with the various four...
Recently the Pound reversed its direction against the Australian Dollar and formed a medium term channel patter, which just recently did something that was largely unexpected.
The pair has revealed a large scale triangle pattern by breaking a medium term ascending channel pattern, which was expected to represent one of the many rates rather long term ascends. If...
The Australian Dollar recently marked another bounce off from the resistance of the 2017 high level against the Swiss Franc. As a result a medium scale channel pattern has formed. The descending channel managed to break through the support of the previously active large scale pattern.
Most recently the Aussie made attempts to regain its losses. However, the...
After the recent fundamental developments in the UK the British Pound has jumped. However, the move was expected on the larger scale charts.
The GBP/AUD is no exception to the just described rule. It can be observed on the daily timeframe chart that the pair had closely traded near the lower trend line of a long term support line. Meanwhile, the 23.60% Fibonacci...
Entry at 88,6%
-->don't rush your entry, wait for entry reason
-->example a higher high higher close candle on lower time frame
Take profit at 50%
Stop loss at 113%
In regards to the short term
The common European currency has recently been volatile against the Australian Dollar in a set range. The range is located from the 1.4980 level down to the 1.4850 mark.
The reason is the fact that the support line of the medium term trend has held its ground together with the 200-period SMA and forced the currency exchange rate...
Entry at 88,6%
-->don't rush your entry, wait for entry reason
-->example a higher high higher close candle on lower time frame
Take profit at 38.2%
Stop loss at 113% or below previous structure (depends on your style of trading)
In the aftermath of the Jackson Hole Symposium the common European currency has surged against most of its counterparts. The Australian Dollar is not an exception to the rule.
However, the EUR/AUD currency pair has a very unique mark, which was noticed by the Dukascopy analysts on Wednesday. A short term pattern was mapped, which represents the recent surge of...
The only recently discovered medium term channel pattern has done his part in supporting the Aussie against the US Dollar. However, it has occurred differently than expected.
The rate was not supported by the combined support of the weekly PP at 0.7901 and the 200-hour SMA at 0.7895 mark. Instead the pair was supported by a monthly level of support at the...
