You most not be using MT5 Hedge, if you use the Hedge version it works just like MT4. MT5 also allows you to Un-Dock a chart and drag it onto another monitor, plus you can backtest a number of currency pairs at the same time.

On the Daily it could be building a flag ready for the second leg up which would take us to 0.76

Looks more like a wedge to me.

You can bet none of their friends lost money and if they did they will no longer be friends

China are selling the USD they bought and buying other currencies with it AUD being one of them

Gold is showing divergence on H4 so 1325 would make a good target

I really want EURUSD to break 1.34 because it will be the perfect Sell I will add to my first Sell every 50 pips or so, because it will retest 1.34 again

Not sure what you are telling me, if I am selling a tonne of coal for $1000 AUD to say America with an exchange rate of AUD/USD $1.10, then I have $1100 USD in my foreign exchange account to spend, whereas if the exchange rate is AUD/USD $0.90 I ...

Why does a weak AUD help the Australian economy, their main export is stuff they dig up and in their part of the world they have very little competition with other countries that can supply these raw materials. So while a weaker AUD makes them ...

It's broke 90, so it will retest is again but from which level 89,88, 87 e.t.c. the further down it moves the better the buy will be

China like every other country wants a weak currency to help exports so bad data from China could be seen has being manipulated

The only thing that will reverse AUD is if Stevens after all his talk keeps interest rate at 2.75 or we get really good data out of China

Stevens says fall in mining could be quite big and he would not be surprised if AUD falls further and that past easing clearly working and he still has some scope to ease further, no wonder the AUD is tanking

The EURAUD looks a better opportunity, the EUR is showing H4 divergence on EURUSD and it is close to 1.33, so a move on EURUSD and EUDAUD will follow may see 1.38 or lower

The market is pricing in another rate cut, if this does not happen and we get no tapper form the USD then AUD will rise.

Its all about demand from China, forget manufacturing unless for domestic market, the labour costs are far too high to compete overseas. Just wait for China to start a round of stimulus and AUD will gain strength. Interesting how NZD with the extra ...

albchr I was just throwing something out there, the reality is what are they going to spend the money on (within the 2 year time period), US fed could not trust US government to do the job quickly enough so decided to underwright the housing market ...

BOJ buys government bonds (debt) so the government have loads of cash to spend, but how quickly can they spend this money on meaningful projects, there must be months of lead in time to say build a new bridge (design, planning, competitive tender, ...

JPY started this printing game before USD but forgot to register the TM, and the US love to register everything, so now JPY have to pay USD a % of every Yen printed to comply with TM small print

A country can only print so much money until its trading partners will no longer accept its worthless currency for buying imported raw materials. At this point their money is worth less than the paper it is printed on and the country is Bankrupt, ...