AUD/USD Forex Report 4th November 2018

AUD / USD Primary & Weekly Cycles

Primary Cycles suggest more weakness in the AUD to new lows in 2019 to approx .6776

Downside target in the 4th Quarter is .6922 (random support)

However, in the Weekly cycles there's a breakout pattern to the upside, that could see more gains to the upside, as it goes looking for the 2019 50% level.
(Weekly high breakout and now above the November 50% level @ .7185)

Two patterns that could occur....

1. Moves up to the weekly highs, drops back below the November 50% level @ .7185 and then continues lower to .6922 by December, as the Primary Cycle is driving the trend lower

2. continues higher to the 2019 50% level by the end of the year or approx .7500, following the Weekly cycle breakout


AUD/USD Forex Report 1st October 2018

AUD Primary & Weekly Cycles

As noted in the previous reports, the major support level in the Primary cycle is .7140 in 2018

Even though there's an expectation that 2019 will push lower, as part of the 2nd wave in Bear trend, there's always a possibility there will be a Secondary counter-trend move against the Primary trend.

Resistance - October 50% level & Weekly highs

Down target .7013

Secondary counter-trend move .7533 (major resistance)

Forex Report AUD - USD 3rd September 2018 Monthly Report

AUD/USD Primary & Weekly Cycles

There are 3 major support levels - .7252 - .7213 - .7140

There is a resistance level around the Monthly 50% level and Weekly highs @ .7470/75, with the expectation that's it will continue to trend downward.

Within all primary trends, there's an expectation that we will see counter-trends appearing
Any rise upwards is still part of a PRIMARY trend that looks to be heading further down in 2019.

That counter-trend is up towards .7694 & 2018 50% level. (Previous Report)

Support buying appeared once it reached .7213, however it failed to continue higher (counter-trend)

A failure to continue upwards at the end of August leads to AUD moving lower, as part of the 2-wave Primary cycles

There's 1 last support level in 2018 - .7140.... 

that may hold for a number of weeks, but I now have less faith in any support holding simply because of the Primary Cycles in play

resistance .7340

Target . 6779


FOREX Report AUD/USD 5th August 2018 Australian Dollar US Doller


AUD/USD PRIMARY & WEEKLY CYCLES

AUD looks to be moving down into the 2018 lows
Any rise upwards is still part of a PRIMARY trend that looks to be heading further down in 2019.

(2-wave cycle - Dilernia Principle)

AUD/USD PRIMARY & WEEKLY CYCLES

AUD is currently following the classic bear trend with the expectation it's going to continue lower into 2019

There are 3 major support levels - .7252 - .7213 - .7140

There is a resistance level around the Monthly 50% level and Weekly highs @ .7470/75, with the expectation that's it will continue to trend downward.

HOWEVER

Within all primary trends, there's an expectation that we will see counter-trends appearing

That counter-trend is up towards .7694 & 2018 50% level.

Therefore don't be holding shorts above the .7475 and this same level can be used as an intra-day support zone if looking to capture a move upwards.

AUD/USD Forex Report - 1st July 2018


AUD/USD PRimary & Weekly cycles

At the moment I'm treating the AUD is still in a BEAR TRend but with a short-term counter-trend move upwards. (previous Report)



AUD looks to be moving down into the 2018 lows @ 7232 - 7214  (SUPPORT)

If it does continue down into that level in the early part of July, look for a counter-trend move upwards.

First target - .7455 (first resistance)

2018 50% level @ 76.94 (major resistance)

Any rise upwards is still part of a PRIMARY trend that looks to be heading further down in 2019.
(2-wave cycle - Dilernia Principle)

FOREX REport - AUD/USD 3rd June 2018 - Monthly Report

AUD / USD Primary & Weekly Cycles

AUD looks like it will move lower into .7455 (random Support) and as far as the MAY lows @ .7374 

 If the AUD moves down to the MAY lows and moves upwards, then 7455 becomes support whilst the yearly 50% level and @.7802 becomes random resistance during the end of this quarter (30th June) (Previous Report)

.7455 formed support and now looks to be moving back up towards a number of resistance zones.

First resistance @ 7633
2nd resistance @ .7713

At the moment I'm treating the AUD is still in a BEAR TRend but with a short-term counter-trend move upwards.

That will change only in the 3rd Quarter if the AUD begins is trading above .7723 in July.
This same level in July is seen as a major resistance zone

Forex Report AUD/USD 6th May 2018 Monthly report


AUD/USD Primary & Weekly Cycles

AUD looks weak with a trend bias down towards .7455.


AUD looks like it will move lower into .7455 (random Support) and as far as the MAY lows @ .7374

If the AUD moves down to the MAY lows and moves upwards, then .7455 becomes support whilst the yearly 50% level and @.7802 becomes random resistance during the end of this quarter (30th June)





  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT


  • Exact levels shown for current day aren't confirmed until midnight GMT
  • FOREX Report - AUD /USD 3rd April 2018 Monthly Report

    AUD/USD Primary & Weekly Cycles

    AUD has moved down into the 50% level of the Yearly cycle at .7719.

    If it's going to go higher, then there needs to be a 5-day high break out and then a 5-day consolidation above the March 50% level, which is then used as support in the following week. (late March) Previous Report

    Yearly 50% level Support & 5-day high breakout.
    consolidation above
    but then it failed.

    AUD looks weak with a trend bias down towards .7455.

    Trend based on the yearly 50% level @ .7719

    Resistance @ .7802 





    Forex Currencies AUD/USD Monthly Report 7th March 2018





    AUD/USD Primary & Weekly cycles

    I would like to think the AUD will continue higher after reaching next week's lows at .7839 (look for a 5-day high breakout thereafter. (Weekly 50%)

    Anything below that and the AUD is slowing making it's way back towards 2018 50% level  @ .7719 (SUPPORT)


    AUD has moved down into the 50% level of the Yearly cycle at .7719.

    If it's going to go higher, then there needs to be a 5-day high break out and then a 5-day consolidation above the March 50% level, which is then used as support in the following week. (late March)

    Forex Report Currencies AUD/USD 4th February 2018 - Monthly Report

    AUD/USD Primary & Weekly Cycles

    I would like to think the AUD will continue higher after reaching next week's lows at .7839 (look for a 5-day high breakout thereafter. (Weekly 50%)

    Anything below that and the AUD is slowing making it's way back towards 2018 50% level  @ .7719 (SUPPORT)