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AUD/USD

  • #101,801
  • Jul 14, 2017 8:42am Jul 14, 2017 8:42am
Quoting Vorex
EA going down again regardless of where EU goes.
Easy pips
  • #101,802
  • Jul 14, 2017 10:35am Jul 14, 2017 10:35am
[quote=ArslanHyder;10086180]
Quoting wisemonk
{quote} atleast 78700
Ambitious but need 60+ points for that now and the week's up with no further [major] news releases. Already up 100 points on the trading day, that too all due to USD data, not AUD data, with Friday NY afternoon left.
Enter Signature
  • #101,803
  • Jul 14, 2017 1:19pm Jul 14, 2017 1:19pm
[quote=san99;10087029]
Quoting ArslanHyder
{quote} Ambitious but need 60+ points for that now and the week's up with no further [major] news releases. Already up 100 points on the trading day, that too all due to USD data, not AUD data, with Friday NY afternoon left.
Wait for next week bro

PS: As long as AUDUSD is above 7798 level it is going to go north no matter what...
Markets are Irrational
  • #101,804
  • Edited 2:10pm Jul 14, 2017 1:52pm | Edited 2:10pm
What today keeps puzzling me is how can this pair not correct at all...i know it will correct, my daughter know it will correct, my dog as well and after what? 250 pips in days you'd think..correct already!

Weekly chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 13 KB
  • #101,805
  • Jul 14, 2017 1:55pm Jul 14, 2017 1:55pm
correction is a far cry now... In my opinion
Markets are Irrational
  • #101,806
  • Jul 14, 2017 2:14pm Jul 14, 2017 2:14pm
Quoting ArslanHyder
correction is a far cry now... In my opinion
20 minutes left to see the remaining magic of the week on AUDUSD, NZDUSD, NZDJPY and AUDJPY
Markets are Irrational
  • #101,807
  • Jul 14, 2017 9:55pm Jul 14, 2017 9:55pm
Insights for next week.

Don't try to catch the top, top is only concrete when PA starts to turn bearish. Otherwise, we must not assume the top is there.

Chart shown is in the daily timeframe.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 117 KB
  • #101,808
  • Jul 14, 2017 10:23pm Jul 14, 2017 10:23pm
I have feeling that Australian authorities would not like to see AUDUSD out 0.7850-0.7150 range...

even if it goes out of the range....

they will take things to get it inside the range.... without much delay...

lets c
  • #101,809
  • Edited 11:30pm Jul 14, 2017 11:20pm | Edited 11:30pm
Quoting thewriter30
What today keeps puzzling me is how can this pair not correct at all...i know it will correct, my daughter know it will correct, my dog as well and after what? 250 pips in days you'd think..correct already! Weekly chart attached {image}
its simple actually. someone has turned off their dma liqudity tap. look at the volumes thruout the past days, this is v low. almost comparative to the average daily volume before the slump seen in 2013 which triggered panic across the board. looking at the charts, they are all apprearing to be very systematic, ie, algos/computers are trading one another. with no manual orders reaching the interbank.. simply put, somewhere along the supplychain(broker/pb/pop) is b booking. knowing that they can unload at a better price.

float a trade long enough, a seed of doubt will be planted and a trader will make his own demise.
  • #101,810
  • Jul 15, 2017 4:31am Jul 15, 2017 4:31am
Read these news at FF News section and you will know why north breakout happened on AUDUSD
Attached Image
Markets are Irrational
  • #101,811
  • Jul 15, 2017 4:37am Jul 15, 2017 4:37am
[quote=ArslanHyder;10087571]
Quoting san99
{quote} Wait for next week bro PS: As long as AUDUSD is above 7798 level it is going to go north no matter what...
Your statement almost makes my brain hurt, its terrible, in a funny way
  • #101,812
  • Jul 15, 2017 4:43am Jul 15, 2017 4:43am
[quote=FxProsper;10088641]
Quoting ArslanHyder
{quote} Your statement almost makes my brain hurt, its terrible, in a funny way
Don't put so much pressure on your brain
Markets are Irrational
  • #101,813
  • Jul 15, 2017 5:01am Jul 15, 2017 5:01am
traders who used to routinely open short @0.7700, 0.7710 and 0.7735 need to hold for some time with a floating pips upto -200pips in DD to get it green...
surely time will do it... probably within next 3 weeks...
until then need to hold ...if possible...
but SWAP charge ..need to pay....!!
  • #101,814
  • Jul 15, 2017 5:08am Jul 15, 2017 5:08am
Quoting imdisaait
traders who used to routinely open short @0.7700, 0.7710 and 0.7735 need to hold for some time with a floating pips upto -200pips in DD to get it green... surely time will do it... probably within next 3 weeks... until then need to hold ...if possible... but SWAP charge ..need to pay....!!
bro do you have any analysis on AUDUSD that it will correct back to this level?
Markets are Irrational
  • #101,815
  • Jul 15, 2017 5:25am Jul 15, 2017 5:25am
Quoting ArslanHyder
{quote} bro do you have any analysis on AUDUSD that it will correct back to this level?
not really... just from previous price action and I believe Australian authorities used to set it live with in a range.....

I saw in some other FF sites expert opened some short trades just because AU reached previous high likes i said earlier without waiting to PA...
and now it goes over 125pips and they are now in -125pips in DD
  • #101,816
  • Jul 15, 2017 5:28am Jul 15, 2017 5:28am
Quoting imdisaait
{quote} not really... just from previous price action and I believe Australian authorities used to set it live with in a range..... I saw in some other FF sites expert opened some short trades just because AU reached previous high likes i said earlier without waiting to PA... and now it goes over 125pips and they are now in -125pips in DD
Australian authorities won't barge in now... AUDUSD is going to set record highs within next 3 months (I.e. focusing on the monetary policy of AUD next week and also the US involvement in Korean Peninsula and other regions).... without major retracements.... so beware of bearish outlook as the pair is having strong bullish momentum...
Markets are Irrational
  • #101,817
  • Jul 15, 2017 5:52am Jul 15, 2017 5:52am
Quoting ArslanHyder
{quote} Australian authorities won't barge in now... AUDUSD is going to set record highs within next 3 months (I.e. focusing on the monetary policy of AUD next week and also the US involvement in Korean Peninsula and other regions).... without major retracements.... so beware of bearish outlook as the pair is having strong bullish momentum...

Yeah!, I agree.... there is good space for UP...
I too still did not open short yet looking......
hope next correction might go back to 0.7600-0.7650 region before make another high....
feel like to try some other crossess instead of trying short AU & NU....

if AU goes above 0.7900 seems its beyond the habit...
lets c
  • #101,818
  • Jul 15, 2017 6:02am Jul 15, 2017 6:02am
Quoting ArslanHyder
{quote} Australian authorities won't barge in now... AUDUSD is going to set record highs within next 3 months (I.e. focusing on the monetary policy of AUD next week and also the US involvement in Korean Peninsula and other regions).... without major retracements.... so beware of bearish outlook as the pair is having strong bullish momentum...


Wont barge in based on what? They barge in every month.

RBA July statement
Quote
"The depreciation of the exchange rate since 2013 has also assisted the economy in its transition following the mining investment boom."


In past when AUD has got up to the 0.77xx they have added statements about this being too high.

This from Feb, March:
Quote
"An appreciating exchange rate would complicate this adjustment."


This From Nov last year:
Quote
"Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are assisting the economy to make the necessary adjustments, though an appreciating exchange rate could complicate this."


Things are about to get complicated. Commodities booming since USD fell to ****. Hence AUD going up. Oil low. Its perfect conditions for AUD, will it last?

I saw in the news today, Turnbull is selling coal again, trying to lower the price? He is supposed to be moving away from mining into innovation and hes selling coal? Why now?

The reversal wont come Monday, but it will come. As someone else said, they (AU "authorities") like it at 0.75xx or less.
  • #101,819
  • Jul 15, 2017 6:03am Jul 15, 2017 6:03am
Quoting redalert
{quote} Wont barge in based on what? They barge in every month. RBA July statement "The depreciation of the exchange rate since 2013 has also assisted the economy in its transition following the mining investment boom." In past when AUD has got up to the 0.77xx they have added statements about this being too high. This from Feb, March: " An appreciating exchange rate would complicate this adjustment." This From Nov last year: "Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded...
I was saying that "THIS TIME" they won't interfere much.. Let's see the bullish magic... That is all from my side...

PS: When price action tests two times the same point.. when it comes to the same point the third time it smokes it off
Markets are Irrational
  • #101,820
  • Jul 15, 2017 6:21am Jul 15, 2017 6:21am
Quoting ArslanHyder
{quote} Australian authorities won't barge in now... AUDUSD is going to set record highs within next 3 months (I.e. focusing on the monetary policy of AUD next week and also the US involvement in Korean Peninsula and other regions).... without major retracements.... so beware of bearish outlook as the pair is having strong bullish momentum...
please define "record highs", my charts show 1.1079 was achieved back in 2011ish.
Hope for the best, prepare for the worst.
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