Forex Investment and Currency Trading

Gold - Short term caution required following last night’s poor close at the base of the day’s range. The high prices posted yesterday have not sustained so far. A down day today will suggest a short term correction lower which could also be an indication for further consolidation on EURUSD. The support level on EURUSD is at 1.4448 and support on Gold is at $989. A close below there would indicate a correction down, possibly towards $971.
EURUSD

Closed to new high form this uptrend and is attempting to push through the trend across the highs, which is at 1.4509 now. This [...]

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EUR/USD – This market still has a rangy feel to it but the week will close out with EUR/USD trading above 1.4088, the top of a weekly triangle consolidation (red lines, formed by trend resistance drawn off of last year’s 1.60 high). Short, medium and long term charts show considerable bull trend momentum still (the DMI is bullishly aligned across multiple timeframes) and medium term MA signals are supportive. We should be thinking “breakout” but instead, the market continues to see consolidation, perhaps because this week’s struggle to break above 1.4225/35, the top of a bull flag (blue lines) looks [...]

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Cycles defines timing of highs and lows in a market. It is used to increase probability of buying low and selling highs. It can be applied to all cash and futures (not options) markets. Aligning long and short term cycles increases probability of catching the bulk of market moves.
Measure cycles form bottom to bottom subjectively. A cycle is often defined by a range instead of a single number.
Market and time frame dependent. Most market can have 4 year cycles as well as shorter cycles denoted in months, days and hours.
Cycle analysis attempts to find occurring major and minor peaks and [...]

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AUDUSD

AUDUSD: Posted a weekly close above the resistance level at 0.6852 and is likely to rally towards the top of the range at 0.7270. A rally through there opens the way for the 200 dma at 0.7547 and then the converged 55 and 200 week moving averages at 0.79+. The outlook remains bullish.
AUDJPY – Towards the 200 dma

AUDJPY: Approaching the resistance level at 68.25 and then 70.51. Note that the 55 day moving average has provided support on two occasions since it was breached on 24th Feb (as highlighted above). Overall the trend is up and the pair should continue [...]

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