AUD/USD: Levels, Ranges, Targets

 

AUD/USD. 2 vital break points this week to move higher or lower are located at 0.7623 and 0.7701. A 77 pip range. What exists at 0.7701 and 0.7623 are just break points to go higher or lower. Nothing special except break points.

Most vital to see a significant higher or lower move in AUD/USD is 0.7576 and 0.7757 and 0.7795. The points at 0.7795 and 0.7757 are both responsible to see AUD drop from previous forays into 0.7700’s. Both will be responsible again to see AUD drop. Above 0.7795 then significantly higher for AUD and explains why we saw previous drops. A break of 0.7692 targets 0.7701. But 0.7701 break won’t see 0.7757 easily, next comes 0.7705, 0.7710, 0.7714, 0.7719, 0.7738 then 0.7757. Above 0.7701, AUD will struggle higher.

Most significant bottom point is 0.7629. We’re looking at this point as our long point. A break below then caution warranted as 0.7576 vital becomes next target. To view 0.7576 further, 0.7588 is most important on the way to 0.7576. This area is a strong cluster of supports. Why strong cluster of supports is because for AUD to break 0.7576 then USD/AUD must travel higher. USD/AUD is quite high and doesn’t have much ability to travel much higher. USD/AUD is trapping AUD from moving far lower.

AUD/USD overbought is very slight.

 

Brian Twomey, Inside the Currency Market, btwomey.com

GBP/USD and Cross Pairs, Pete Haurlan

In the 1960’s, a Rocket Scientist named Pete Haurlan was busy by day to steer rock ships on course and by night a lover of stock markets. The show Wall Street Week was Pete Haurlan’s invention and first host in the 1960’s. Sherman and Miriam McClellan of McClellan Oscillator fame can thank Pete Haurlan as he found both based on a Technical Analysis contest in the 1960’s. Haurlan’s claim to fame was inventor of the Exponential Moving average but with various twists applied to stock prices. Haurlan used various Exponential Smoothing techniques to find Trends then labeled as 1% Trend, 10% Trend and 50% Trend. The best known person on Haurlan today is Tom McClellan and son to Sherman and Miriam. For more, mcoscillator.com

I replicated Haurlan’s Trends 5 years ago and applied it to my satisfaction based to currency prices. Haurlan’s 1%, 10% and 50% were employed as 1% short term, 10% intermediate and 50% long term. I combined Haurlan’s Trends as one Trend Indicator and its employed as a daily Tracking Signal. Daily Tracking Signal means an automatic daily update but never to act on the signal until a clear buy or sell signal is evident. Takes sometimes many, many months before a clear buy or sell signal materializes because its a long term Trend Indicator.

What I’m seeing from GBP is cross pairs are flashing buy signals from GBP/CHF, GBP/CAD, GBP/NZD and GBP/AUD. The reverse holds true as sell signals in CHF/GBP, CAD/GBP, NZD/GBP and AUD/GBP. The strongest signals are GBP/CHF and GBP/AUD because both are backed by buy signals in EUR/CHF and EUR/AUD. What GBP cross pairs says overall is bottoms are close and a trend higher is on the way. Where the signals lack in GBP/USD and GBP/JPY.

GBP/USD. Close 1.2405. Break points 1.2419 and 1.2529. Uptrend lines 1.2521 and 1.2624. Downtrend lines 1.2435 and 1.2317.

GBP/JPY. Close 140.05. Break points 140.18 and 140.23. Uptrend Lines 141.55, 143.19 and 143.70. Downtrend lines 138.81 and 136.75.

GBP/CHF. Close 1.2437. Break Points 1.2498 and 1.2531. Uptrend Lines 1.2577 and 1.2642. Downtrend Lines 1.2484 and 1.2355.

GBP/CAD. Close 1.6284. Break points 1.6481 and 1.6514. Uptrend Lines 1.6617 and 1.6675.  Downtrend Lines 1.6498, 1.6351 and 1.6345.

GBP/NZD. Close 1.7286. Break points 1.7434 and 1.7453. Uptrend Lines 1.7600 and 1.7627. Downtrend Lines 1.7240 and 1.7306.

GBP/AUD. Close 1.6193. Break points 1.6541 and 1.6604. Uptrend Lines 1.6723 and 1.6829. Downtrend Lines 1.6359 and 1.6378.

GBP/EUR. Close 1.1683. Break points 1.1648 and 1.1693. Uptrend Lines 1.1723 and 1.1789. Downtrend lines 1.1663 and 1.1506.

 

Brian Twomey, Inside the Currency Market, btwomey.com

 

 

 

 

EUR/USD and Cross Pairs

Break points, uptrend and downtrend points below. Take the breaks as they come and trades will be just fine. Have request, feel free

 

EUR/USD. Close 1.0608. Break points 1.0664 and 1.0714. Uptrend Lines 1.0781 and 1.0799. Downtrend lines 1.0547 and 1.0630. Above 1.0630 challenges 1.0664.

EUR/JPY. Close 119.73. Break points 119.86, 120.35 and 125.94. Uptrend lines 120.95 and 122.14. Downtrend Lines 118.77, 118.55 and 116.94.

EUR/CHF. Close 1.0642. Break points 1.0716 and 1.0730. Uptrend Lines 1.0759 and 1.0762. Downtrend lines 1.0698 and 1.0673.

EUR/CAD. Close. 1.3914. Break points 1.4030, 1.4094, 1.4180, 1.4338. Below 1.3499. Uptrend Lines 1.4223 and 1.4369. Downtrend Lines 1.3965 and 1.3991.

EUR/NZD. Close 1.4778. Break points 1.4925 and 1.4968.  Uptrend lines 1.5058 and 1.5085. Downtrend Lines. 1.4792 and 1.4850. Nervous oversold at 1.4600 and 1.4500’s. EUR/NZD is prime indicator for NZD/USD.

EUR/AUD.  Close 1.3843. Break points 1.4145, 1.4160, 1.4255. Uptrend Lines 1.4313 and 1.4379. Downtrend Lines 1.3976, 1.4130 and 1.3440.

EUR/GBP. Close 0.8559. Break points 0.8554, 0.8587. Below 0.8135.  Uptrend lines 0.8576 and 0.8694. Downtrend lines 0.8531 and 0.8481. EUR/GBP remains a true problem pair. A big big move is coming.

 

Brian Twomey, Inside the Currency Market, btwomey.com