AUD cycle is here

Hi friends,

On my weekly review I talked about the AUD cycle that is coming. It seems that we are there already. For the AUDUSD it’s better that the pair will hold below the 200 MA and RSI to cross down the 50 level in order to have longer period selloff.

But for AUDNZD, we are reaching a good area for cycle that will lead for a move of 100 pips or more.

Here is the daily chart:

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As you can see, the pair is reaching a top. A 4H chart confirm we are in front of a down move with a bearish divergence.

Target 1 is around the 100 pips, but if the pair successfully breaks below, it will open a move for deeper down move.

Good luck friends,

Vladimir Ribakov

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.