FOREX AUD/USD 1st April 2019 Monthly Report

Primary & Weekly Cycles

As per previous Report, the Weekly lows were seen as support, simply because we believe the AUD is rising after completing it's 2-wave Primary cycle down into the 2019 lows at the start of January.

For the Australian dollar to move higher it needs to remain aobe the April 50% level @ .7077.

The only thing I don't like about the price action is the NO CONTROL bar for the month of March: - lack of buyers after the Weekly lows

AUD/USD Forex Report 3rd March 2019


AUD/USD PRIMARY & WEEKLY CYCLES

SHORT-TERM CYCLES are pushing the AUD lower, as seen with the MARCH 50% level

however, if the AUD is going to move upwards & towards the 2019 50% level at .7377, then the Weekly lows is seen as support

support .7025

Forex Report - AUD/USD 4th February 2019

AUD Primary & Weekly Cycles


looking for AUD to move up to the 2019 50% level @ .7408

But we might see some selling in early February down towards the Feb 50% level and Weekly lows before it goes higher.


AUD/USD FOREX REPORT 6th January 2019

AUD/USD PRIMARY & WEEKLY CYCLES

The Flash Crash earlier this week completed the move down into the 2019 lows.

This began once price moved back below the December 50% level, as part of the Primary trend down into the 2019 lows. (read Previous Reports)

Even though I don't know the long term trend on the AUD, as it's still in a BEAR CYCLE, my view is that price will continue up towards the 2019 50% level @ .7408, (Random Resistance)

AUD/USD Forex Monthly Report 1st December 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)

Expectation that the AUD would counter-trend upwards will likely to continue towards the December highs @ .7430 and as high at .7529, as it aligns with the 2019 50% level.

However, there's an expectation that the AUD will try and move lower in the 1st Quarter of 2019

Most likely the 2018 lows at .7250 will continue to support the AUD for the next month until the Cycle changes at the end of the year and Support levels push lower

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)