• On the Daily Chart, I have not used the clouds however we are trading into the clouds (possibly acting as support)
• We broke out of the bullish Channel and formed a Double top
• Have drawn a descending trendline from the Oct 2013 highs
• This could possibly it for the bullish trend, and could possibly continue the bearish run

• We have had a significant sell off on the Aussie last week, and with the analysis from the other higher time frames, It would be wise to sell any pull backs

• The week before produced a Doji Type Candle suggesting bullish to continue, The market did react to it and performed a positive week.
• Looking forward, my bias on the weekly chart is the chances of further highs is a potential (trading into the Ichimoku Clouds but not passing through the edge of the clouds).
• I would be eying on short opportunity if prices to get to the confluence level of 88.6 fib and 50% fib which is also the edge of the bearish clouds on the weekly chart. (Not to mention the s/r Zone if you look at the Daily as well)

• The Daily chart is also bullish for me, however I see a potential short trade opportunity at the confluence levels noted on the chart
• This also could perform a negative divergence on the stochastic (maybe)

• The H4 chart looks interesting, there could be a double top / near double top if you just look at this screen shot
• Having said that, on the daily chart It seems practical if we take out the 2014 highs before continuation of the downtrend (which is in sync of my analysis in both daily and wkly)
• Although my daily and wkly analysis does not agree with the H4 , i still would be interested to short it on the H4 as its a good S/R trade as well if it does get there.

• We continue to see bullish momentum after it was trading flirting around the 92-93 area which also was the bottom trendline of the up channel
• If new highs was to perform, my daily chart has indicated the potential resistance zone

• After a performing highs at the 0.94 we were in a small down channel where we had three lows swing movement
• significant break of the descending channel and also break of bearish clouds shows a pretty bullish AUD Strength
• I would be buying dips to test the 0.94

• As anticipated on the previous weekly forecast, we have continued to reject from the Clouds/ Fib level 38.20
• Last weeks candle wiped off just over half of the previous bullish candle

• Last week we had a two huge bearish days, however yesterday (Monday) we have a slightly bullish doji?
• Stochastic is also in oversold and turning and perhaps we might retrace and retest the resistance

• Above I have two charts, one with the Ichimoku and one without
• We broke slighly below the Ichimoku Clouds, and now trading in the clouds where i will look for hourly / 4hrly shooting star formation from the zone.

• There is a potential Cypher pattern if price goes up to 78.5% fib which is a good confluence of weekly R1 pivot and Resistance yellow zone on my chart.
• There is also other ways to look at it if you draw two sets of fibs and there good confluence levels to look for short opportunity.

• Weekly Ichimoku Clouds are near, and we have briefly spiked into the clouds acting as resistance
• Confluence level of Fib 38.20
• Also a Support and Resistance level

• H4 - We are trading above clouds, however H1 - we have broken the clouds
• H1 chart have drawn a descending and ascending trendline which forms a squeeze / triangle, 
• Oscillators we are not seeing anything significant to note

• Obvious Stochastic Positive divergence
• Near Resistance

• Stochastics is overbought territory but still rising
• RSI is also pointing upwards
• Last week Candle is a small bullish hammer closing higher than its previous huge bullish candle
• However candle body is small

• Technically Chart is showing that bulls are in control and pushing prices to the high 0.92, and if we manage to trade there, a high chance we will break to the upside to test its 0.935 which in terms of Fibonacci it has very strong level and confluence
• Flip side, if we get a fail rally (currently Tuesday Asian Session), Looking to see a break of the ascending trendline to go short (for scalp / intraday trades)

• Long Trade (In overall bullish trend) - Expect bounce from Daily S1 + 50%+ 127.2
• Short trade (Against overall trend, but in trend of 15min - Expect rejection from Daily Pivot and 38.20%

• Have we topped and Bearish Cypher in play?

• From Fridays Candle it seems perhaps we have found the top or at least a breather with few resistance in play
• Upper chanel
• 127.2 fib ext
• 78.6 Cypher completion (around 2-3pips away from pin point)
• Previous Support which now is resistance

• Would be looking for price to break and close support of 0.9218 to confirm change of trend .

MOVING AVERAGE Charts

Daily Trading Above 200MA (but other MA's are messy) Daily Trend - Unknown

H4 MA are in line in a bullish trend (50,100,200 all in sync) H4 Trend - Bullish

H1 MA are in Bullish Trend (50,100,200 all in sync) However price is flirting the 50MA H1 Trend - Bullish

15min MA - perhaps start of bearish trend as the 50 and 100 crossed (200ma yet to) 15Min Trend - Bearish Perhaps?

• After the news from the FED it performed a bearish day last Wednesday, However market performed a bullish pin bar on the following day, and the bullish momentum did carry on till Friday
• Also the Major crosses to the USD, the Aussie was the most resilient.
• Most importantly we have had already couple of days which we are closing at this strong resistance (Monthly Pivot R1, and this weeks Weekly Pivot), This shows to me that there is still strength to the upside
• I believe there is one more leg up towards the 0.92-0.925
• There is a ascending channel which we are in
• Note that there is this harmonic pattern (cypher) which completes around 0.93

• Chart is taken around noon Asian session (monday) - you will see the 4hr pin bar (news affected sell off but rebounded)
• The Ichimoku clouds on the 4hr, is not far away, and could provide resistance to push the market to trade above 0.91

• Bounced of the broken descending trend line, which could provide support and bounce?
• However I am more happy if prices retraced 20pips lower around the 0.9050 / 50% fib from yesterdays swing low to high

• On the H4 chart we have a 200ma with current candle having a rejection
• Ichimoku clouds - H4 we have broken below, however notice the clouds being very thin, which is to say that the S/R of the clouds are weak
• At the same area, the second view of the H4 chart we have a 88.6 and weekly S1 pivot confluence
• We are trading very close to support on the H4

• I took this after a very good bounce from this area (which i have caught with my "catching a falling knife post"
• My entry is my classic strategy ("Noble Entry" I do my high probability scalp trades - here is a blog post about it
• Now i only take trades when price retrace to a 78.6 - so to minimize risk
• Currently still in trade looking for close to 1:2 (risk reward)

Catching a falling knife...

• 88.6 fib, and fib ext of asian range
• and WS1 pivot