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)

    FOREX USD/AUD Report 6th January 2018

    AUD/USD Primary & Weekly Cycles

    AUD remains under pressure, as it follows the Weekly cycles lower and looks to be drifting into the end of the Year to align with the new 2018 Primary 50% level that will be confirmed on the 1st January.

    The Trend is down, but once again things can change quickly if it breaks out above the Weekly highs. (PREVIOUS REPORT)

    The trend quickly changed on the AUD with the precise breakout of the Weekly highs and then the consolidation above .7637

    AUD looks to be moving towards the 2018 highs with .7719 as robust Support - 2018 50%

    Random resistance the January highs @ .7975

    FOREX Report AUD/USD 3rd December 2017 Monthly Analysis


    AUD/USD Primary & Weekly Cycles


     we've seen in the past this Quarterly level (YELLOW) can form a robust support zone and then see another move upwards, but that's not going to occur unless it confirms support with a breakout of the weekly highs and begin trading above the November 50%.

    AUD remains under pressure, as it follows the Weekly cycles lower and looks to be drifting into the end of the Year to align with the new 2018 Primary 50% level that will be confirmed on the 1st January.

    The Trend is down, but once again things can change quickly if it breaks out above the Weekly highs.