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Technical Analysis – AUD/USD Rise then Fall

Mark — Fri, 12 Sep 2008 04:09:36 +0000

9-12-08 3:26a GMT – AUD/USD has a nice bullish RSI divergence and the AUD received news today that indicated they might not have to lower interest rates as soon as previously thought. This points toward a possible further bounce in the pair and I see that extending as far as resistance between .8165-.8195. Trading Idea: Below .8195 shorts are favored back to the targets .8095, .8005 and eventually .7915. If .8200 is broken look for [ continue reading ]

Source: Technical Analysis – AUD/USD Rise then Fall
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Technical Analysis – AUD/USD More Losses Ahead

Mark — Thu, 31 Jul 2008 05:28:21 +0000

7-31-08 4:26a GMT – AUD/USD has dropped about 80 pips since my last AUD/USD forex signal, and I think that those losses will continue. Pair is still trapped in an extremely bearish channel (yellow lines below). The biggest threat to the trade is an oversold 60M and 4H RSI and close to it on the daily charts. I would look for something of a bounce to cool off the oversold levels possibly to 0.9475 or [ continue reading ]

Source: Technical Analysis – AUD/USD More Losses Ahead
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Technical Analysis – AUD/USD Bearish but Strong Support

Mark — Wed, 30 Jul 2008 04:28:00 +0000

7-30-08 3:18a GMT – AUD/USD pair remains bearish on both the daily, 4H and 60M price charts. However there is strong intraday support at 0.9575 that I expect to stall a drop below. 60M RSI is heavily oversold and has just crossed above 30 indicating a bounce and the RSI on the 4H charts is showing a bullish divergence as well. Depending on how strong resistance is above we may see a return immediately to [ continue reading ]

Source: Technical Analysis – AUD/USD Bearish but Strong Support
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Technical Analysis – AUD/USD Buying Dips

Mark — Wed, 02 Jul 2008 19:45:49 +0000

7-2-08 19:42 GMT – The overall structure of the AU pair remains bullish and I will look to be significant dips in the price action, preferably around the .9550 support area. Trading Idea: Look for a sustained bounce or a bullish candlestick reversal around the .9550 support area (though a stab toward .9525 or higher at .9580 is possible) with long targets at .9585, .9615 and .9645. Click here to receive my free forex signals [ continue reading ]

Source: Technical Analysis – AUD/USD Buying Dips
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Technical Analysis – AUD/USD Rise then Fall

Mark — Sat, 14 Jun 2008 23:37:14 +0000

6-15-08 00:36a GMT – AUD/USD has dropped considerably over the past few weeks and I am looking for more of a drop in the coming week as the pair enters a range between .9315 and .9415. Current resistance is around .9415 and we could see a rise to that before another fall. Trading Idea: On a bearish reversal candlestick short targets will be .9370, .9345 and .9330. If resistance is broken look for a return [ continue reading ]

Source: Technical Analysis – AUD/USD Rise then Fall
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Technical Analysis – AUD/USD Rise Expected

Mark — Mon, 09 Jun 2008 18:33:12 +0000

6-9-08 18:33 GMT – AUD/USD is dropping rapidly towards its support level around .9475. Gold has been dropping today (you can see it as the red line on the chart below) and the high correlation between gold and AU is causing the pair to drop as well. I expect weakness of the USD to keep the pair afloat and to turn the pair around, not too mention a drop in gold usually does not last [ continue reading ]

Source: Technical Analysis – AUD/USD Rise Expected
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Daily Charts – USD/JPY looks for more gains

Mark — Mon, 09 Jun 2008 02:43:13 +0000

6-9-08 3:34a GMT – Part of being a successful trader is looking not only your own â€œcomfortâ€ chart time but also looking at the bigger picture as well. This week I chose to post my daily chart analysis for EUR/USD, USD/CAD, AUD/USD and USD/JPY. I do the analysis on all the pairs I trade, and recommend you do the same for the â€œbig pictureâ€ but donâ€™t have time to post them all. Want to see [ continue reading ]

Source: Daily Charts – USD/JPY looks for more gains
Forex signals from: PipHut.com

Technical Analysis – AUD/USD What goes up…

Mark — Fri, 06 Jun 2008 00:54:30 +0000

6-6-08 00:55 GMT – … must come down. Except in the Forex world ;). However, with AUD/USD approaching solid resistance and overbought hourlies we have a decent chart setup. In the long term I expect the AUD/USD to break the 1.9660 resistance and confirm the uptrend (until the situation in the US turns around or the Australian economy plummets) but in the short- to mid-term I expect the pair to drop back down to channel [ continue reading ]

Source: Technical Analysis – AUD/USD What goes up…
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Technical Analysis – AUD/USD Bearish Channel

Mark — Wed, 04 Jun 2008 18:12:25 +0000

6-4-08 18:12 GMT – AUD/USD has been caught in a bearish channel beginning on 5/18 and I expect trend resistance currently at 1.9630 to hold and repel any stabs upward. RSI also crashed off its bearish channel resistance (near 70) and pair appears to be reversing down. I expect the the pair to encounter firm support around .9550 and would cover any bounce off of this until the charts give us a directional bias at [ continue reading ]

Source: Technical Analysis – AUD/USD Bearish Channel
Forex signals from: PipHut.com

Technical Analysis – AUD/USD Bounce Expected

Mark — Tue, 03 Jun 2008 19:06:15 +0000

6-3-08 19:08 GMT – AUD/USD got heavily sold off thanks in large part to the Fed’s comments about not letting the dollar get too weak. In the short-term, especially with the Dow still struggling to hold any gains I see support at .9510 holding strong against any attempts to break through it. There is also an RSI divergence on the 60M charts further supporting bulls for more gains. Trading Idea: Long above .9510 with targets [ continue reading ]

Source: Technical Analysis – AUD/USD Bounce Expected
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