Forex Forum - EarnForex - View Single Post - USD/CAD, EUR/JPY, AUD/USD and USD/JPY Technical Analysis 28/12/09
View Single Post
  #3 (permalink)  
Old 28th December 2009, 16:53
Default Avatar
TraderDTS TraderDTS is offline
Junior Member
 
Join Date: Dec 2009
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Default AUD/USD

AUD/USD WEEK


Not much has changed since last week despite a new extreme. It is an uptrend. The price has hit quick reversal level 7/8 on the move and went down. Since the price went through 3 MM-levels without strong retracement, a trend reversal from this level is likely.

AUD/USD DAY


Not much has changed since last week. An uptrend. All targets along the trend are quite close to each other. We can see a retracement from strong level 6/8 which is significant on weekly charts. Perhaps, this is a start of a downtrend. However if the uptrend continues, the price is very likely to reach level 8/8 that is below target T1, because on the way to this level the price has only a weak local reversal level 7/8.

AUD/USD 240


This is a downtrend, the price is in the trading range and may linger there for a while. On the way to target T1 there are no strong levels from senior time frames, so the price may easily reach this target after hitting p.4 down.

AUD/USD 60


An uptrend. The price is in the upper trading range after hitting p.4 upward, till level 8/8 there are no more strong resistance levels from senior frames. The price may reach target T2 or even target M (unless the price is stuck at quick reversal level 7/8).
Reply With Quote