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Newbie's AUDUSD and AUDNZD forecast

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Jordi Bassaganas
3560
Jordi Bassaganas  

I admit that I'm a pretty ignorant trader but I dare to share with you a thought that can be as certain as wrong... Let's see what happens!

From the technical point of view of support and resistance levels, AUDUSD and AUDNZD should be about to take a major retracement. The mass of investors will soon realize that those price levels can not indefinitely fall and reach the levels of September 2008. In terms of temporal repetition thinking, these pairs are now in a very strong turbulence area so this week they should retreat. What do you think about this? I would not open any position until observing a significant change in those trends, but I think that there might happen something.. 

Ronnie Mansolillo
5710
Ronnie Mansolillo  
laplacianlab:

I admit that I'm a pretty ignorant trader but I dare to share with you a thought that can be as certain as wrong... Let's see what happens!

From the technical point of view of support and resistance levels, AUDUSD and AUDNZD should be about to take a major retracement. The mass of investors will soon realize that those price levels can not indefinitely fall and reach the levels of September 2008. In terms of temporal repetition thinking, these pairs are now in a very strong turbulence area so this week they should retreat. What do you think about this? I would not open any position until observing a significant change in those trends, but I think that there might happen something.. 

Hi laplacianlab, I don't trade on AUDNZD yet because i didn't create yet a profitable EA, regarding AUDUSD is still bearish but movement seem to be flat,possible inversion soon up to 0,9172 at the moment

soon.

Jordi Bassaganas
3560
Jordi Bassaganas  
Rosiman:

Hi laplacianlab, I don't trade on AUDNZD yet because i didn't create yet a profitable EA, regarding AUDUSD is still bearish but movement seem to be flat,possible inversion soon up to 0,9172 at the moment

soon.

Thank you! I will wait. Anyway I don't see very clearly to what extent those past supports levels can serve as current ones right now. The 2008-2009 support points should be somewhat different than others because its exceptional character. I do not know if I explain well. 
Jordi Bassaganas
3560
Jordi Bassaganas  
Rosiman:

Hi laplacianlab, I don't trade on AUDNZD yet because i didn't create yet a profitable EA, regarding AUDUSD is still bearish but movement seem to be flat,possible inversion soon up to 0,9172 at the moment

soon.

Hello there,

AUDUSD actually experienced a major retracement. Now it's back at the same level as the day I opened this thread.

So what should happen next, according to this theoretical aspect (temporal repetition thinking)?

Jordi Bassaganas
3560
Jordi Bassaganas  
laplacianlab:

Hello there,

AUDUSD actually experienced a major retracement. Now it's back at the same level as the day I opened this thread.

So what should happen next, according to this theoretical aspect (temporal repetition thinking)?

Sergey Golubev
Moderator
99715
Sergey Golubev  
Let's make/continue one thread per pair per week (name of the week/dates should be in the name of the thread), ok?

Just a suggestion.

example - AUDUSD technical analysis thread is this one.

Jordi Bassaganas
3560
Jordi Bassaganas  
newdigital:
Let's make/continue one thread per pair per week (name of the week/dates should be in the name of the thread), ok?

Just a suggestion.

example - AUDUSD technical analysis thread is this one.

Ok, thk you. I wanted to discuss the theory of repetition thinking.
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