AUDUSD long-term outlook
This is a yearly chart of AUDUSD.
It looks like the dollar will continue to rise, but at some point it will hit a high and then return to the bottom.
As the weak Japanese yen will eventually turn into a stronger yen at some point, a sell dollar and buy yen pattern could trigger a stronger Asian currency.
Analyzing the yearly chart of AUDUSD, the 1st downtrend has ended and now it appears to be a yearly correction process. There are several types of correction patterns, but in the correction process of a very large chart, the basic A-B-C pattern finishes only once, and the next wave does not continue. It is likely to be a complex W-X-Y pattern. In that case, there is a high probability that the uptrend will occur once more as shown in the chart. Then, I expect a very long downtrend like the previous one. Since the time is very long, it would be better to focus on Buy rather than Sell if you don't mind fluctuations in the moment.
good luck.
It looks like the dollar will continue to rise, but at some point it will hit a high and then return to the bottom.
As the weak Japanese yen will eventually turn into a stronger yen at some point, a sell dollar and buy yen pattern could trigger a stronger Asian currency.
Analyzing the yearly chart of AUDUSD, the 1st downtrend has ended and now it appears to be a yearly correction process. There are several types of correction patterns, but in the correction process of a very large chart, the basic A-B-C pattern finishes only once, and the next wave does not continue. It is likely to be a complex W-X-Y pattern. In that case, there is a high probability that the uptrend will occur once more as shown in the chart. Then, I expect a very long downtrend like the previous one. Since the time is very long, it would be better to focus on Buy rather than Sell if you don't mind fluctuations in the moment.
good luck.
Dagangan aktif:
This scenario is also likely. Please watch carefully.