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[TraderDTS]

The weekly template shows that so far the price is near level 7/8 of the green octave. Further upward move after reaching level 7/8-0.9277 is likely (Fig. 1).


Fig. 1 - W1


Fig. 2 - W1

The layout of new points shows that the uptrend may continue in the net with greater strides (Fig. 2).

According to the detailed analysis the price hit level 0.9277 and reversed downside. After hitting level 4/8 it reversed upward again (Fig. 2).


Fig. 2 – 60

Further analysis shows that upward move from level 2/8 may continue (Fig. 3).


Fig. 3 – 60

[jbarsanti]

I guess you missed that one

[TraderDTS]

Maybe : ) And maybe not.

Anyway I make profit.

[TraderDTS]

AUD/USD WEEK


Not much has changed since last week despite a new extreme. It is an uptrend. The price has hit quick reversal level 7/8 on the move and went down. Since the price went through 3 MM-levels without strong retracement, a trend reversal from this level is likely.

AUD/USD DAY


Not much has changed since last week. An uptrend. All targets along the trend are quite close to each other. We can see a retracement from strong level 6/8 which is significant on weekly charts. Perhaps, this is a start of a downtrend. However if the uptrend continues, the price is very likely to reach level 8/8 that is below target T1, because on the way to this level the price has only a weak local reversal level 7/8.

AUD/USD 240


This is a downtrend, the price is in the trading range and may linger there for a while. On the way to target T1 there are no strong levels from senior time frames, so the price may easily reach this target after hitting p.4 down.

AUD/USD 60


An uptrend. The price is in the upper trading range after hitting p.4 upward, till level 8/8 there are no more strong resistance levels from senior frames. The price may reach target T2 or even target M (unless the price is stuck at quick reversal level 7/8).

[TraderDTS]

My AUDUSD last week analysis:

AUDUSD

Based on the previous analysis of 240 min chart, the closest target along the trend was Т1-0.8925 (Fig. 1).


Fig. 1 – 240

The target was reached on Jan. 28, 2010, but the trade was not made due to a small estimated profit (Fig. 2).


Fig. 2 – 240

[TraderDTS]

My AUDUSD forecast:

AUDUSD

Based on the weekly charts, the price moves upward, for the time being it has lingered near level 7/8, further rise is possible (Fig. 1).

Fig. 1 - W1

Reasoning from the daily charts, the closest target is Т1-1.0031 (Fig. 2).

Fig. 2 – D1

Reasoning from the 240 min chart analysis, the closest target along the trend is T1-0.8826 (Fig. 3).

Fig. 3 – 240

Reasoning from the hourly chart analysis, the closest target along the trend is 0.8734 (Fig. 4).


Fig. 4 – 60