DAILY FORECAST FOR AUDUSD Bias: I feel a test of 0.8010-23 is possible but expect losses from there – or directly below 0.7921 Overall I feel today will be bearish but we have to be mindful of the risk of an earlier retest higher. If the 0.8010-23 area is seen look for bearish reversal patterns [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: Losses were direct yesterday but stalled just above the 0.7856 support. This was either and extension in the same wave lower – and thus we should see a correction of the entire move lower from 0.8263 or it was part of a complex irregular correction that would see a return [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: I feel the 0.7919-38 area will cap for a correction back lower The recent consolidation does make things look more clouded but considering the bearish divergences and the need to see a deeper pullback before moving to the eventual 0.80 target I feel today should prove to be a down [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: While 0.7641-65 supports I look for a break above 0.7710 to extend to 0.7759 & 0.7802 Gains seen as expected that have tested close to the 0.7710 high this morning. Indeed, while the 0.7641-65 area supports I feel we are likely to see price extend further higher later which on [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: Mixed – waiting for breaks The break above 0.7299-25 and also 0.7340 saw gains reach the 0.7384 target from where we have seen a pullback lower. If I have any preference here it is bullish even if there is a gaping bearish divergence. The problem with this one is that [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: While 0.7130 supports I look for gains to extend to 0.7287-05 Friday’s correction stalled above the 0.7042 minimum target and from the 0.7056 low we are seeing the upside being pushed more strongly, thus far reaching the 0.7207 level. I still feel we shall see additional gains but there does [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: While 0.7001-24 caps the downside does look stronger – below 0.6931 confirms The 0.7088-13 target was been reached with bearish divergences in hourly & 4 hour charts and yesterday saw a rather jagged decline to the 0.6931 low. This does seem to be critical and loss should seal additional losses. [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: Ideally we’ll see direct losses but there is a slight risk of seeing 0.6612-36 first The day started out bearish but the failure to break below 0.6398 provided the foundation for price to rally back above 0.6525 to reach 0.6575. There is support at 0.6498-11 and while this holds there [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: The 0.6288 support was broken only by 4 pips and the move higher should develop to 0.6419-50 Yesterday was a bit flat but this morning saw the dip to the 0.6288 support and just 4 pips below. Thus today we should see the correction higher I had anticipated yesterday. There [...] [...more]
DAILY FORECAST FOR AUDUSD Bias: While 0.6415-25 caps I look for losses back to 0.6330-58 and later to 0.6227-47 No break lower yesterday and while I expect losses today we may just see the range persist. There is resistance at 0.6415-25 and this must cap while the downside can resume. From this area a break [...] [...more]
