Let's start with the weekly schedule of AUD / USD. What do we see?
Prevailing in the market five wave movement in September 2001. until mid-February 2004. called bottom-up trend is over. As you know, the end of the fifth wave is a correction or change of trend. In this case, the correction to say no, because the current movement does not appear on ABC. The rising trend line broken, and in this case we have a 99% deal with the first wave of a new downward trend, since the wave of four has been completed and is now developing five. The purpose of this latest wave of the fifth, approximately, the level of 0.6450.
Above all, I want to note that on Thursday was overcome last fractal down to the 0.6794 level, which in itself is a signal to continue the movement down.
Then turn to the indicators.
The price is below the rising trend line and below the mouth Alligator, which implies that downward movement.
AO red driving force is directed downwards. AU - Green, but the graph we see that within three weeks of the average levels of candles dropped all below and below and in the end, the price dropped to a new level. I can say with certainty that on Monday the AU to paint in red, and the movement will accelerate downward direction.
average levels of candles dropped all below and below and in the end, the price dropped to a new minimum
OBV smoothly down to the new minimum, thereby affirming the virtue of the bears and the continued downward movement.
During the afternoon schedule, we can observe the same development trend downward. The price is below the mouth Alligator, as well as below the white line a rising trend, and violet - the top-down.
Not armed obvious that the four waves have ended, and began development of the fifth, the minimum goal of which, approximately, 0.6450. Approximately, at this level is a range of strong support. This indicates that the first wave of a large five-wave movement downstream end it there, rather than below.
Histogram AB painted in red, ie, driving force is directed downwards. I note the lack of convergence in the histogram. Recent columns fell below the previous bottom, thus eliminating the signal for the purchases. Even if we assume that convergence is present, then you need to remember that it happened when descending trend and a drag for the ears of convergence is not so strong signal, which is so fond of, because it does not confirm the trend. For example, if the convergence was formed during the correction above the white line of a rising trend, in this case could be safely buy and most likely the error would not happen.
OBV has safely descended to a new low and is willing to continue to decline. Besides reducing the indicator was not sharp, but went fairly smoothly.
Closing Friday, it may imply some increase in that it seems to me doubtful, but if it happens, the upward movement will be stopped purple trend line and green line of balance. Leap "kangaroo" above the level of 0.69 occurred in the "Witch Friday, when rose the huge number of futures and options contracts. These quarterly auctions allow higher volatility in almost all markets. Well, the current account deficit and trade dollars, which increased to a record 114.9 billion dollars, also added fuel to the fire.
However, the possible resumption of upward movement can speak only in dealing with the level of 0.6996 (rounded up to 0.70), which is the last fractal up. In this case, after closing the day above the red line Alligator (which, incidentally, by itself has a fairly strong resistance), and continued movement up to ???????? through an ascending trend. Stop with the sales should be kept slightly higher fractal approximately at 0.7010. Do not make sense to hold short positions above this level, because overcoming the last of almost 100% would lead to a movement in the area of 0.7150, while there, and before the resumption of the rising trendline near.
So, conclusion: Kangaroo jumps down.
Open positions for the pair Sell AUD / USD - keep. Traders from outside the market, I recommend the sale of all levels at the start of trading Monday, and then look for opportunities to sell to rollback ...
Stop place at 0.7010. Objective - 0.6510. Achieving this level, with an average volatility of the tool 200-250 items a week, it is likely to top meeting of the Fed.
Prevailing in the market five wave movement in September 2001. until mid-February 2004. called bottom-up trend is over. As you know, the end of the fifth wave is a correction or change of trend. In this case, the correction to say no, because the current movement does not appear on ABC. The rising trend line broken, and in this case we have a 99% deal with the first wave of a new downward trend, since the wave of four has been completed and is now developing five. The purpose of this latest wave of the fifth, approximately, the level of 0.6450.
Above all, I want to note that on Thursday was overcome last fractal down to the 0.6794 level, which in itself is a signal to continue the movement down.
Then turn to the indicators.
The price is below the rising trend line and below the mouth Alligator, which implies that downward movement.
AO red driving force is directed downwards. AU - Green, but the graph we see that within three weeks of the average levels of candles dropped all below and below and in the end, the price dropped to a new level. I can say with certainty that on Monday the AU to paint in red, and the movement will accelerate downward direction.
average levels of candles dropped all below and below and in the end, the price dropped to a new minimum
OBV smoothly down to the new minimum, thereby affirming the virtue of the bears and the continued downward movement.
During the afternoon schedule, we can observe the same development trend downward. The price is below the mouth Alligator, as well as below the white line a rising trend, and violet - the top-down.
Not armed obvious that the four waves have ended, and began development of the fifth, the minimum goal of which, approximately, 0.6450. Approximately, at this level is a range of strong support. This indicates that the first wave of a large five-wave movement downstream end it there, rather than below.
Histogram AB painted in red, ie, driving force is directed downwards. I note the lack of convergence in the histogram. Recent columns fell below the previous bottom, thus eliminating the signal for the purchases. Even if we assume that convergence is present, then you need to remember that it happened when descending trend and a drag for the ears of convergence is not so strong signal, which is so fond of, because it does not confirm the trend. For example, if the convergence was formed during the correction above the white line of a rising trend, in this case could be safely buy and most likely the error would not happen.
OBV has safely descended to a new low and is willing to continue to decline. Besides reducing the indicator was not sharp, but went fairly smoothly.Closing Friday, it may imply some increase in that it seems to me doubtful, but if it happens, the upward movement will be stopped purple trend line and green line of balance. Leap "kangaroo" above the level of 0.69 occurred in the "Witch Friday, when rose the huge number of futures and options contracts. These quarterly auctions allow higher volatility in almost all markets. Well, the current account deficit and trade dollars, which increased to a record 114.9 billion dollars, also added fuel to the fire.
However, the possible resumption of upward movement can speak only in dealing with the level of 0.6996 (rounded up to 0.70), which is the last fractal up. In this case, after closing the day above the red line Alligator (which, incidentally, by itself has a fairly strong resistance), and continued movement up to ???????? through an ascending trend. Stop with the sales should be kept slightly higher fractal approximately at 0.7010. Do not make sense to hold short positions above this level, because overcoming the last of almost 100% would lead to a movement in the area of 0.7150, while there, and before the resumption of the rising trendline near.
So, conclusion: Kangaroo jumps down.
Open positions for the pair Sell AUD / USD - keep. Traders from outside the market, I recommend the sale of all levels at the start of trading Monday, and then look for opportunities to sell to rollback ...
Stop place at 0.7010. Objective - 0.6510. Achieving this level, with an average volatility of the tool 200-250 items a week, it is likely to top meeting of the Fed.
Alexander Fighters
Dealing Center Alpari "
Dealing Center Alpari "
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