My AUDUSD analysis

Discussion in 'Forex Trading' started by TraderDTS, Dec 13, 2009.

  1. 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