FROEX REPORT AUD/USD 4TH OCTBOER 2021
AUD/USD PRIMARY & WEEKLY CYCLES
Remains in a down trend, will be lucky to break above 0.7450 during October.
3 months is a long time in Forex, but looks like it's drifting down towards the 2022 lows, which matches the 2021 50% level @ 0.6988
0.6988 is seen as major support in 2021., in case it moves down towards the October lows
#FOREX #CURRENCIES
AUD/USD Forex 4th September 2021 - Monthly Report
AUD/USD Primary & Weekly Cycles
Strong close on AUD, with the Weekly close back above the September 50% level @.74 and looks likely to push higher into next week's highs @.7586.
However, the 3rd Quarterly level (Yellow @ 7533) might form resistance.
I'd be surprise to see the next 3 weeks go straight up to .78/.80
But it would not surprise me to see consolidation for 2 weeks and then the last week of the month of September starts to move higher.
if below 0.74 in the last week of September and price could be heading towards the 4th Quarterly lows, which matches the 2021 50% level 0.6988
FOREX REPORT AUD / USD 1ST AGUSUT 2021
AUD/USD FOREX REPORT
Primary cycles look bearish and could see price down into the 2021 50% level at .6988
However, we often see double bottoms play out and the reverse upwards - June down into July lows.
We have just recently seen the same patterns in Crypto Markets.
Therefore, an open above 0.7380 could see a move back up into .7533, which will form resistance.
A weekly close above the August 50% level, will then see another attempt at the 2021 highs in the back half of the 3rd Quarter.
AUS/USD Forex Report 4th July 2021
AUD/ USD Primary & Monthly Cycles
I still have the view that the AUD will reach the 2021 highs
at 0.81.
We often see this price action in markets, especially price
comes down into June lows, then dips down into July lows 0.73’s (Double bottom)
and then swings higher.
If that plays out, then validate it with price back above
0.7533 (July – October) - Secondary Cycle
FOREX REPORT - AUD/USD 6th JUNE 2021 Monthly Report
AUD/USD PRIMARY AND WEEKLY CYCLES.
AUD LOOKS TO BE PUSHING HIGHER TOWARDS 0.81
IT TESTED THE MONTHLY LOW IN JUNE, FOUND SUPPORT AND NOW JUST NEEDS TO CONTINUE HIGHER FROM NEXT WEEK.
TREND GUIDE 0.7734
AUD/USD FOREX MONTHLY REPORT - 1st May 2021
AUD/USD PRIMARY AND WEEKLY CYCLES
TARGET REMAINS THE 2021 HIGHS AT 0.81
IT COULDN'T CONTINUE HIGHER IN APRIL AND WILL BE OPENING BELOW THE 50% LEVEL IN MAY .7752
IF BELOW 0.7701 THEN A PUSH DOWN IN THE WEEKLY LOWS AND THE THE MAY LOWS THE FOLLOWING WEEK, WILL BE A GOOD SUPPORT ZONE FOR A MOVE HIGHER IN LATE MAY EARLY JUNE.
SUPPORT 0.7460
AUD /USD FOREX REPORT 4TH APRIL 2021
AUD/FOREX REPORT PRIMARY CYCLES
QUARTERLY 50% LEVEL (APRIL - JUNE) IS 0.7439
WHICH MATCHES THE APRIL LOWS (RIGHT CHART)
THESE ZONES ARE SERIOUS SUPPORT LEVELS IN THE PRIMARY CYCLES, FOR ANOTHER MOVE TOWARDS THE 2021 HIGHS
ANTHING BELOW 0.7415 AND IT MUST BE TREATED AS A BREAKDOWN.
AT THE MOMENT - I'M LOOKING FOR THE TREND TO GO UP, AS PART OF THE 2020 HIGH BREAK AND EXTEND PATTERN INTO 2021 HIGHS.
AUD/USD Forex report 6th March 2021
AUD/USD Forex Primary & Weekly Cycles
Trend guide 0.7684, as to whether it has a go towards the 2021 highs in late March / Early April @ 0.8101.
My view is up, as it's part of the 2020 breakout to the 2021 highs - Break & Extend pattern
if below the Weekly lows, then the 2020 50% level is always a possibility 0.6988
AUD/USD FOREX REPORT 31st January 2021
AUD /USD Primary Cycles
There is always a risk that the AUD could drop back down into the Primary 50% level
@ . 6988
However, I have the view that there is a break and extend pattern in the Yearly time frames and continuing to extend up into the 2021 highs .7980 to .81+
Support - 0.7487 / .7556
#Forex # AustralianDollar #USD
AUD/USD Forex Report 4th January 2021 Monthly
AUD/USD Primary & Weekly Cycles
Tend bias is to continue up to 0.7980 in January and then 0.81+ in February, as it completes the Break & Extend pattern in the Yearly Timeframe 2020 into 2021
Manage the upside using the weekly 50% level
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