AUD/USD Forex Report 6th November 2016

AUD/USD Primary & Weekly Cycles

The AUD continues to trade in a tight band within the Monthly ranges.

The overall trend is to continue up towards the 2017 highs, but there is random resistance around the November highs, whilst trailing support resides around the November lows @.7449

AUD/USD Forex Report 3rd October 2016

AUD/USD Primary & Weekly Cycles

AUD remains bullish as it's trading above the Yearly 50% level with .7595 being support with random resistance around the October highs @ .7775

As we can see the monthly channels are now contracting, and it's going to result in a breakout either way.

Therefore there are two plays coming into the start of the 4 quarter and final 3-month cycle.

1. continue to trend towards .8060 - 8160

2. hit .7775 stall and then revisit .7415 

AUD/USD Forex Report 4th September 2016 Monthly Reports

AUD/USD Primary & Weekly Cycles

AUD continues to trade above the Yearly 50% level .7482 (Bullish)

If The AUD is going to rise up to the September highs it's going to rise up from .7528

AUD/USD Forex Report 1st August 2016

AUD/USD Primary and Weekly Cycles.

The expectation of the AUD rising up into the Yearly 50% level and then heading lower failed to eventuate even though it provided resistance for a number of weeks.

With Commodity prices rising and now consolidating above the Yearly 50% level, the AUD looks to be pushing up towards the August highs:- Random resistance 

AUD/USD Forex Report 4th June 2016

Primary & Weekly Cycles

The overall trend is to continue down into .7038, however don't be surprised to see a rise and retest of the Weekly 50% level and the MAY 50% level beforehand. Previous Report

Primary Trend remains bearish, however we have seen the AUD rise up into the June 50% level.

This is the critical level that will provide the resistance for the AUD to continue lower.

However, keep in mind that Monday can push higher, as part of the 5-day break & extend pattern towards .7464

To validate weakness, you'll need to keep an eye on price moving up on Monday, Tuesday moving down, and then validate Wednesday with the June 50% level as resistance.

AUD/USD Forex Report 20th May 2016

                                                        AUD/USD Primary & Weekly Cycles

Treat the Trend as a break and extend pattern towards this week's lows @ .7187. (random support) Previous Report

 As noted in the previous report, the trend had changed because of the failure of the Yearly 50% level to hold and the breakout of the Weekly lows.

Once the Weekly lows had broken, we follow the 'Dilernia Principle of Break and Extend" in this case down into .7187, which has now completed.

The overall trend is to continue down into .7038, however don't be surprised to see a rise and retest of the Weekly 50% level and the MAY 50% level beforehand.

In Conclusion:- Trend Down into .7038 with an each way bet on a short-term bounce from this level @ .7187

AUD / USD Froex Report 8th MAY 2016

AUD Primary & Weekly Cycles

Taking partial profits around .7828 - 7850 protects you just in case it zag-zags down towards the 3-week lows once again before the next leg up towards the upper target. (Previous Report)

  

  AUD hit the exit zone at .7828 and has now move back down, except the Weekly lows and 2016 50% level didn't hold.

A change in fundamentals helped with the break, as the Reserve Bank Cut interest rates last week.

Treat the Trend as a break and extend pattern towards this week's lows @ .7187. (random support)

Expectation of the AUD going higher has completely changed because of last week's price action on Friday's close.

AUD/USD Forex Report 16th April 2016

AUD/USD Primary & Weekly cycles

 

when we look at the lesser timeframes we can see patterns that suggest the AUD should continue higher... 

1.  Consolidation above the 2016 50% level

2. March 50% thrust pattern and breakout of the MARCH highs.

3. Expectation it will now continue to trend up towards the April highs and continue in 2-month wave pattern upwards MAY highs and as high as the July highs (3rd Quarter)

Therefore the only conclusion is, the AUD is going higher. (PREVIOUS Report)

 

For those that are long I would look to take something off around .7828-50

 

The Primary trend remains strong, which could result in further gains in the AUD for the rest of the year (.8060 - .8160)

 

Taking partial profits around .7828 - 7850 protects you just in case it zag-zags down towards the 3-week lows once again before the next leg up towards the upper target.

 

AUD-USD Forex Report 27th March 2016

AUD-USD Primary and Weekly Report

 

The AUD was always going higher once it moved above the February 50% level, and it's finally moved to where I thought it would originally going some months ago, a retest of the previous Yearly lows  .7553 - .7633

 

The Primary patterns will always drive the trend and this retest of the previous Primary lows can see the AUD make another move downward.

 

However, when we look at the lesser timeframes we can see patterns that suggest the AUD should continue higher...

 

1.  Consolidation above the 2016 50% level

2. March 50% thrust pattern and breakout of the MARCH highs.

3. Expectation it will now continue to trend up towards the April highs and continue in 2-month wave pattern upwards MAY highs and as high as the July highs (3rd Quarter)

 

Therefore the only conclusion is, the AUD is going higher.

 

However, don't be an the wrong side of the April 50% level if the AUD is coming down from retesting the previous yearly lows and back below the April 50% level. That's a game changer.

Forex Report AUD/USD 28th Feburary 2016 Monthly Report

Australian Dollar / USD Primary Cycles

 

As noted in the previous report, above the monthly 50% levels and the AUD will try and make its way towards the 3-month highs.

 

I would give it another 5-days, and then use the March 50% level as the trend guide for the rest of the month and into the start of the 2nd Quarter in April.