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we can see in the 1h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 0.9174
stochastic refers that the pair will go down
so our target sell from 0.9274 and our target will 100pips
http://charts.mql5.com/1/908/audusd-...orex-group.png
:))):yahoo:
the pair will go up
I see the pair will go to up way to 0.9429
macd refers that the pair will go up
so our target buy from 0.9229 and our target will 200pips
Good luck
Aud/usd analysis for 06.28.2013 by using pivot indicator.
r3: 0.9395
r2: 0.9366
r1: 0.9320
pivot: 0.9291
s1: 0.9245
s2: 0.9216
s3: 0.9170
Our preference: Short positions below 0.929 with targets @ 0.919 & 0.9145 in extension.
Alternative scenario: Above 0.929 look for further upside with 0.9345 & 0.938 as targets.
AUD USD achieved the waited decline yesterday and touched 0.9225 level, as it finds solid support there, this support is accompanied with positive signal coming from stochastic, which suggests witnessing positive intraday trading for today, targeting a test to 0.9320 and 0.9355 levels.
Note that breaking below 0.9225 will push the price to resume the overall bearish trend that started from the top recorded at 1.0581.
http://charts.mql5.com/1/910/audusd-...ex-group-2.png
Yesteday AUD/USD rejected the 9324 resistance level . We also seen a rejection from 9189 support level previously. This 9189 level was actually a support from level that formed in the year 2010. We consider, if this level break then price might move to go lower to next support around 9049 or 8800
Always keep in mind
Today,Initial support at 1.0609 (May 27 low) followed by the 1.0510 (May 26 low). Initial resistance is now at 1.0758 (May 31 high) followed by 1.0877 (76.4% retrace of 1.1012-1.0441).
Update:
AUD USD fluctuates near the critical support level 0.9225, as holding above this level is the key to achieve positive trading for today.
And in general, the morning overview remains valid and active unless the mentioned level was broken.
http://charts.mql5.com/1/912/audusd-...orex-group.png
Hi,,
in the chart 1h we can see the pair will go to up way in the future
I see the pair will go to 0.9340
I expect from this analyze that the price will go to up way
so buy from 0.9209 to 0.9340
good luck
AUD/USD Elliott Wave
Since our last analyses the AUD/USD pair has been trading upwards, corrective wave 4 (coloured blue) of the bigger wave [3] (coloured red) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9250 towards the 0.9147 level and we can consider this move as the end of the sub-wave 5 of the impulsive wave 3 (coloured blue). Therefore, during the early New York session this major currency did not manage to hold this levels and the price has retraced back to 0.9298 level. At the moment the AUD/USD pair is trading around 0.9255 area and we expect to see the price lower in the next few sessions. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.9023 (61.8% of wave 3). To reduce the risk, we can use resistance point at 0.9433 level as stop loss.
Support and Resistance
(S3) 0.9016 (S2) 0.9081 (S1) 0.9167 (PP) 0.9232 (R1) 0.9318 (R2) 0.9383 (R3) 0.9469
Trading forecast
Proceeding from Elliott Wave today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9195 with stop loss at 0.9433 and take profit at 0.9023 are recommended.