2015 AUDUSD ANALYSIS
The AUDUSD opened the year (2014) at 0.8650 and rose 0.9500 by April 2014. The trading range for the 4 quarters in 2014 are as follows:
Jan-March - 0.8500-0.9500
April-June - 0.9000-0.9500
July-Sept - 0.9500-0.8500- Strong bear
Oct-Date - 0.9000-0.8500– bearish continuation
What do I see? The price is back where it started in January 2014. The trend continued and 0.8000 was breached. The best strategy between now and the end of 2014 is to closely monitor 2000 pips in either direction from 0.9000 as follows:
For Bearish Run
0.9000-0.8500
0.8500-0.8000
The AUDUSD opened the year (2014) at 0.8650 and rose 0.9500 by April 2014. The trading range for the 4 quarters in 2014 are as follows:
Jan-March - 0.8500-0.9500
April-June - 0.9000-0.9500
July-Sept - 0.9500-0.8500- Strong bear
Oct-Date - 0.9000-0.8500– bearish continuation
What do I see? The price is back where it started in January 2014. The trend continued and 0.8000 was breached. The best strategy between now and the end of 2014 is to closely monitor 2000 pips in either direction from 0.9000 as follows:
For Bearish Run
0.9000-0.8500
0.8500-0.8000
0.8000-0.7500
0.7500-0-7000
For Bullish Reversal
0.9000-0.9500
0.9500-1.0000
The long-term picture from the monthly chart is that extended bearish run from 0.9000 since July 2014 is still intact. 0.7500 is now place to keep an eye on.
Compare your current charts with monthly and weekly charts as at November 2014 below.
For Bullish Reversal
0.9000-0.9500
0.9500-1.0000
The long-term picture from the monthly chart is that extended bearish run from 0.9000 since July 2014 is still intact. 0.7500 is now place to keep an eye on.
Compare your current charts with monthly and weekly charts as at November 2014 below.
Attached Images (click to enlarge)
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