AUD_USD

Happy  New Year Everyone...............

Here we go down.............I'm not even going into it,,,,,,,,,,,,,,,,but i will say say that strong moves are impulsive and weak moves are corrective................. or ending moves...............Figure it out yourself..................

Please let me know how you do..............


Good Trading Everyone,,,,,,,,,,,,,,

Jahdave

WHAT THE HECK

Short term Aussie

Here is my short or medium term Aussie update, depending on how you trade...................According to all of the things that I track, then the Aussie is going down soon..........It looks like we have just completed an Elliott Wave A,B,C corrective pattern.............This means that this pair will be going down hard very soon.........

Aussie Update 11/24/2011

Here is my Aussie update today.  I think that wave 3 is over or almost over and we should see a bounce for wave 4.  There is some confluence around the .9915 area, so I think that is where it's going.  I will state something about Elliott Wave analysis for those that don't know this.  Wave patterns are predictible but the size of the waves is not using Elliott Wave.  This is why I and other Elliotticians use other technical indicators to predict the size of the waves.  Anyway here are the charts.  The 1 hour, 3 hour, and the daily charts.  Please ask any questions and I will answer them.

Good Trading Everyone,

JahDave

WOW, I haven't posted in a long Time

Here are my Aussie charts for this weekend. The Daily is still ripping to the upside, but the shorter term charts show a different picture. If my wave count is correct then this is due to reverse very soon. I will be selling at the 1.0322. If you wanted some more confirmation then you could sell at the 1.0280. Both of these points are below the last 2 support points. Either way this pair is going down for a nice move soon. Whatever you do, don't try to chase this market and take a long position at this point.The daily is about to collide with the 200ma and the 5 minute charts have a lot of confluence pointing to a reversal.  I am looking to long USD across hte board next week after some confirmation.

EUR_AUD 08_07_2011

OK Everyone,

Here is the AUD_USD 1 hour chart.  The 1.3800 area was the resistance for this pair on 3 different time frames and the hour chart was a Fibonacci 3.618 extension from the "A" wave, so it can't extend from here without a sizeable pull back. I had a market order in to sell at 1.3800, so I am in short.  Based on the wave structure, I don't think this is an impulse wave up but rather a triple 3, and a triple pattern is the maximum allowed by Elliott Wave rules.  This means that this pair should go much lower and make at least a  new medium term low.

Kiwi July 2011

Here is a 5 minute, 1 hour, and 1 day NZD_USD chart.  The daily shows no sign of weakness yet.  There is a spike on the last 1 hour candle, and there is a gap under that candle as well.  The highest probability is that thae gap will close and hold support.  On the five minute charts there is a nice shooting star to end the trading day.   So it looks like there will be some down to start the week, but it will probably move up to new highs after that.