Ucef's Blog

Avatar

Long term bias is still bullish

Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 0.7757.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Bearish harmonic pattern

Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 0.7223.
However, if bullish ca…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

AUDUSD facing a strong trend line resistance

Daily analysis
AUDUSD opened the week at 0.7085 and touched a high of 0.7098. The pair then reversed directions and dropped to 0.7078, as support held firm at 0.7012. The pair closed the week at 0.7045. And the price of 0.7065 has been significant in the recent history of AUDUSD, and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 0.7115 level for risk with…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

AUD/USD facing a strong trend line resistance

Daily analysis
AUD/USD sparkled last week, as the pair jumped 150 points. AUD/USD closed at 0.7333. This week’s key events are NAB Business Confidence and Employment Change. AUD/USD started the week at 0.7183 and quickly touched a low of 0.7169, as support held firm at 0.7160. The pair then climbed to a high of 0.7385. The pair closed at 0.7333.

[u]Weekly analysis[b]
[/b][/u]AUD/USD reversed directions last week, gaining 80 points. The pair closed at 0.7117. This week’s key event is the RBA Monetary Policy M…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Australian Dollar Faces Perfect Storm of Key Event Risk Ahead

Daily analysis
AUD/USD started the week at 0.7225 and climbed to a high of 0.7283. The pair then reversed directions and dropped to a low of 0.7158, testing support at 0.7160. The pair closed at 0.7191. The Australian Dollar faces a perfect storm of volatility in the week ahead as high-profile event risk on the homegrown and the external fronts looms ahead. Monetary policy considerations are first to take center stage, only to be replaced by churn in risk sentiment trends. The RBA is expected …
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Long term bias is still long on AUD/USD

Daily analysis

My long term bias is still long on this pair.
The structure seems to be finished now, we have a nice corrective channel at the 0.61 fib retracement.
From the EW perspective i think this is a series of 1-2s.
A potential target is at the minor rising channel shown on chart currently around 0.6975.
0.7295 should remain intact for this scenario to remain favored for me.
weekly analysis

After completing a retest towards the potential reversal zone I outlined in my previous analysis…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

AUDUSD : Could buying be seen up

Weekly TF:
Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
Daily TF:
A push back into the medium-term daily range (0.92046-0.92354/0.93529) has been seen off of a small daily decision-point area at 0.94044.
4hr TF:
The market opened considerably lower than Friday’s close (0.93710) at 0.93579, however, the 0.93536 level offered enough support for the buyers to p
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários