the gap - Friday close at 87873 and today's open at 87990

AUD/USD

okay, in a minute...

AUD/USD

Looks ready to make a new high for the day? Another thing I was looking at is the gap up for the daily/weekly open. Could act as the bottom now...

AUD/USD

Cool You make me want to study the wave theory

AUD/USD

Yes, I think my original analysis posted above is still valid since Friday's high didn't get broken. Good short opportunity now. But I think we'll see a bounce... My opinion is that trend lines, triangles or channels aren't going to be very reliable ...

AUD/USD

Well that was short-lived. Bears slamming it before it gets to Friday's high...

AUD/USD

Wow, AUDUSD starting the week off pretty bullish (h4 chart attached). Closing short positions on this pair for now. Looks like it is trying too hard to break out of the consolidation. Won't entertain any short ideas unless I see solid evidence bears ...

AUD/USD

daily chart to show longer term view of 90 target, in context of short-term above analysis...

AUD/USD

Looking ahead to next week... Charts are (short term), next few days week at the most. Regarding longer term I think it is real interesting that GBPAUD is also consolidating in a triangle formation. I expect it to eventually break down, since the ...

AUD/USD

You could be right. I don't trade the news though. I haven't found that it typical does anything for my trading except cause me to be indecisive. I'll stick to my tech analysis. Whatever happens, whether it be perceived as a result of the news or ...

AUD/USD

Yes! Getting easier to read where this thing is going, I think. As long as it continues consolidating within that ascending triangle, no doubt in my mind it will break out up and head to 90 right away. The pressure is building in a very bullish ...

AUD/USD

also believe that a break above 88285 (strong H4 close above) will quickly target 90ish area...

AUD/USD

Chart in my view, agrees with your downside view. Of course there could always be a bounce. I'm not anywhere near ready to think there's a breakout looming with this thing. Today, clearly rejected 88285 area as shown on the H4 chart. Couldn't even ...

AUD/USD

Looks like a final bullish push about ready. Can bulls sustain it or will bears slam it down? Price action looking very similar to 10/21 on lower time frames. I expect bears to slam it down. Don't think it will go higher than 8832. If it does go ...

AUD/USD

Similar behavior the last time it was up here. Big H1 bearish drop. But it was followed by another bullish push before it finally headed back down to bottom of the range. To give bulls fuel, it will need to poke back up above the trend line it is ...

AUD/USD

Engulfing bar on hourly tells me, we might be headed back down. Might be good to watch for reversal patterns on lower time frames to give confirmation...

AUD/USD

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AUD/USD

I love channels as they really help in finding good entry and exit points. But with the range tightening up so much on this pair right now, it seems to me the only way to look at it, is straight up and down, and trade it that way. Or wait for the ...

AUD/USD

Should say 50-80 depending on where it bounces. I do expect another bounce at the top around 8825ish area. Then back down again. Or so it would seem

AUD/USD

Yes, that's been my understanding/view. But I've gotten into the habit of checking more than 1 charting package to see the best signals. Thought I had the bases covered, until I see yet another package showing things a little differently. However, ...

AUD/USD