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AUD/USD

Quoting Ultiforex
{quote} You were right, there was another rally, but I'm reday for a second bite.
took short at .74777.

I think it's probably early as I expect A LITTLE more upside, but I am US based trader and now 2:00am EST. Tired and need sleep.

will stay shorty until friday and close, win or lose and re-enter long for next week and ride trend up or SL, don't care which happens

After next week, I will study to position for Japanese repatriation trade. Have to move much earlier each year to be the early bird as this trade seems to slip more every year.
Ecclesiastes 1:9
AU Sells: 0.75314 + 0.75451

AU Buy : 0.74115 + 0.73974

10 T/P and S/L

Range is far larger today so depending on how AU continues throughout the day depicts whether any of the levels will be hit
You need an ark? I NOAH GUY
This could be a Rookie-view. It is in no way thoroughly researched.

Yet wouldn't, long term, a Bullish view on USD be favourable over buying Aussie Dollars? Trump has the economy in Turbo and sentiment for the USA is good right now.

PLUS due to concerns and vocal outrage at China, which could impact the sentiment and economy, one of Australia's main Trading Partners could be suffering. Having a potential rollover affect into Australia's Valuations.

It just doesn't seem feasible to go Long AUD right now.

Thoughts?
A
Humans are naturally hardwired to avoid and detest uncertainty.
Quoting openyoureyes
AUDUSD D1 {image}
Respect - you were right, the 'cup' has formed. Appears nicely on the 4H chart. Waiting to see if the 'handle' forms or the uptrend continues.

Quoting CannonScout
This could be a Rookie-view. It is in no way thoroughly researched. Yet wouldn't, long term, a Bullish view on USD be favourable over buying Aussie Dollars? Trump has the economy in Turbo and sentiment for the USA is good right now. PLUS due to concerns and vocal outrage at China, which could impact the sentiment and economy, one of Australia's main Trading Partners could be suffering. Having a potential rollover affect into Australia's Valuations. It just doesn't seem feasible to go Long AUD right now. Thoughts? A
I agree, however most people here (including myself) trade on much shorter timeframes (few minutes, few hours, maybe a couple of days).
Quoting thewriter30
{quote}   Interesting. back up again hmmmm. it does have space to go up. however the main sentiment I believe is down. as the market moves in waves or so they day it may well pull back past 75 and then continue down right?     
 
Mix of trades Return Today: na
Quoting CannonScout
This could be a Rookie-view. It is in no way thoroughly researched. Yet wouldn't, long term, a Bullish view on USD be favourable over buying Aussie Dollars? Trump has the economy in Turbo and sentiment for the USA is good right now. PLUS due to concerns and vocal outrage at China, which could impact the sentiment and economy, one of Australia's main Trading Partners could be suffering. Having a potential rollover affect into Australia's Valuations. It just doesn't seem feasible to go Long AUD right now. Thoughts? A
On the face of it your logic seems right. I've already posted a similar observation. I guess what matters is how the market makers think and some are concerned that what Trump proposes is in effect protectionism. In which case other countries end up doing something similar out of self interest or even retaliatory in nature, at which point it can spill over and have a negative effect on the dollar and the wider global economy.
Quoting slk
Buy 0.7180 TP 0.7580
Closed earlier at 0.7510 for 330 pips.
Quoting slk
{quote} Closed earlier at 0.7510 for 330 pips.
Good result well done.
Quoting Ultiforex
{quote} Good result well done.
Thanks mate.
#AUDUSD doing some cycle work, the pop came right on time....

Gann Analysis
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"W. D. Gann said that time is the most important factor among all things."
I am short till 0.74 Would have any comment on this?
#AUDUSD stopped out with a profit! Long 0.7384 Stopped @ 0.7500

Looking for the next swing trade

Gann Analysis
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"W. D. Gann said that time is the most important factor among all things."
Price moves to the point of 0.74626. And maybe later go back up to the point of 0.75422.
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Quoting Fadhl
{quote} Thanks for sharing! May be the end up of the cup is around 0.7532X [Check], then the handle down!
For the next 10 days AU will be down until first Trump "faux pas". It's my guess.
Quoting Fadhl
{quote} For the next 10 days AU will be down until first Trump "faux pas". It's my guess.
I agree.. As Price hanging on overhead Resistance, I expect the market to move down as Yellen Speech later.. very nice position..
Only if 0.752x area holds..


VecPhile.
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Drink Coffee, Tell Story, Make Money.
ATM i will not buy AUD i will preffer selling aud MAJOR Resistance around 0.7525-7550
if that didnt break look at prevoius chart what happened..
i will be selling at this point the odds are never good aor AUD at this moment for me atleast i dont know about others,
Just a Thought..
Quoting VecPhile
{quote} I agree.. As Price hanging on overhead Resistance, I expect the market to move down as Yellen Speech later.. very nice position.. Only if 0.752x area holds.. VecPhile. {image}
i agree completely man..

I hope so i am buying GBPAUD, GBPNZD too
so mostly i am Counting on AUD to get weak from 0.7520
hopefully 0.7350 was resistance will now act as Support..
lets see how it goes..

Just my 5 Cents
Good luck guys
What i see and this is a weekly chart is this

a lower low almost all time...a Higher low, and a double bottom...this is what it is, no sentiments here.


and forecast (screenshot2)

and there is no technical reason why screenshot3 wouldnt happen
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Mix of trades Return Today: na
So my point now is, what fundamental reason would make this pair follow the second scenario? We all know the short reasons, China, USD interest rates, Australia is the worst economy in the world (so idiots say), etc. etc. so the piece of the puzzle I am missing would be the up move... so still short view medium term
Mix of trades Return Today: na
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