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QueefPlume2112

AUD/USD Poised to have an up week

Panjang
Dolar Australia / Dolar A.S. (FX:AUDUSD)  
QueefPlume2112  
FX:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis Candlestick Analysis Economic Cycles
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trendanalysis candlestick economiccycle
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Only 5 times in the last 30 years has AUD/USD traded down for more than 6 consecutive weeks. The probabilities are not on the side of trading down a 7th week in a row.

Also there have been 7 consecutive 4-month candlesticks in a row. That is unprecedented for negative 4-month candlesticks. It had 7 consecutive 4-month positive candlesticks back in the 80's. The probabilities are for a positive move for the next 4-month candlestick. We also need to be prepared for the current 4-month candlestick to close in the green.
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