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AUD/USD

  • #102,081
  • Jul 31, 2017 2:22am Jul 31, 2017 2:22am
When I see the candle in Daily, it needs to go down to reach the support price at 0.788xx but in weekly candle, the price need to go up. Seems like both conditions need to be fulfilled. Either go up first and go down later or go down first and go all the way up.
  • #102,082
  • Jul 31, 2017 2:44am Jul 31, 2017 2:44am
Quoting Dgrat1
When I see the candle in Daily, it needs to go down to reach the support price at 0.788xx but in weekly candle, the price need to go up. Seems like both conditions need to be fulfilled. Either go up first and go down later or go down first and go all the way up.
I am expecting 0.81xx-0.82xx before retracement
Markets are Irrational
  • #102,083
  • Edited 3:12am Jul 31, 2017 2:58am | Edited 3:12am
Fundamentally: Iron ore, oil, gold up up up. US political instability up up up and the Aussie got an erection registering .8065 on the seismograph. Any sell off in commodities coupled with even a hint of perceived stability in the US and it will be bye bye bonzo in the short term.

Technically: Daily Wolf wave completion. Price rejected within 12 pips from the proximal supply price. (.8077)

In the next month or two I expect the Aussie to re-trace back to the broken trend line to a minimum of 77.50 with 76 as the ultimate target.

Cheers all, stay safe
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #102,084
  • Jul 31, 2017 4:07am Jul 31, 2017 4:07am
Quoting ArslanHyder
{quote} I am expecting 0.81xx-0.82xx before retracement
I think AUD has made a short term top at 0.8065

sold last week at 0.8055, took profit at 0.8013 and sold again at 0.8002
will keep selling strenght if it comes
  • #102,085
  • Jul 31, 2017 4:27am Jul 31, 2017 4:27am
Quoting fammira
{quote} I think AUD has made a short term top at 0.8065 sold last week at 0.8055, took profit at 0.8013 and sold again at 0.8002 will keep selling strenght if it comes
You might be right according to your analysis... But I am still bullish and will see 0.83xx soon within couple of weeks
Markets are Irrational
  • #102,086
  • Edited 9:22am Jul 31, 2017 4:53am | Edited 9:22am
Quoting jnetfx
there is a strong fundamental event tomorrow, with the RBA monthly meeting... holding to technicals for directional clues over then next 24hours is strongly unreliable... the commentary out of the RBA is going to have the bigger impact... not fibos. imho.
What's the expectation from the RBA? I understand that they want lower AUD, how they will achieve this is up for debate.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #102,087
  • Jul 31, 2017 5:30am Jul 31, 2017 5:30am
Take a read through this article on the possible RBA positioning.

https://propertyupdate.com.au/4-reas...nterest-rates/

That said though, Goldman Sachs are "selling the AUD" (http://www.forexlive.com/news/!/gold...ollar-20170728), and when they give out free advice it probably means it will head straight up tomorrow.
  • #102,088
  • Edited 5:57am Jul 31, 2017 5:42am | Edited 5:57am
Quoting fammira
{quote} I think AUD has made a short term top at 0.8065 sold last week at 0.8055, took profit at 0.8013 and sold again at 0.8002 will keep selling strenght if it comes
FYI Russia has ordered the US ambassadors and staff i.e. 750 members to leave their territory and go home on new sanctions put forth by US on Russia

http://www.bbc.com/news/world-europe-40769365

Quoting ArslanHyder
{quote} FYI Russia has ordered the US ambassadors and staff i.e. 750 members to leave their territory and go home on new sanctions put forth by US on Russia http://www.bbc.com/news/world-europe-40769365
In the light of above news... I am expecting AUD to strengthen against USD
Markets are Irrational
  • #102,089
  • Jul 31, 2017 6:40am Jul 31, 2017 6:40am
Quoting Vitallica
Take a read through this article on the possible RBA positioning. https://propertyupdate.com.au/4-reas...nterest-rates/ That said though, Goldman Sachs are "selling the AUD" (http://www.forexlive.com/news/!/gold...ollar-20170728), and when they give out free advice it probably means it will head straight up tomorrow.
I must've missed something, if Goldman Sachs "sell the AUD" wouldnt we see a large drop?
  • #102,090
  • Jul 31, 2017 7:13am Jul 31, 2017 7:13am
eu: short
au: short
----------
whatever is definition of gambling....
I can.I will. End of story.
  • #102,091
  • Jul 31, 2017 9:56am Jul 31, 2017 9:56am
Quoting falcon72202
eu: short au: short ---------- whatever is definition of gambling....
Beware bullish momentum coming out in couple of hours
Markets are Irrational
  • #102,092
  • Jul 31, 2017 10:56am Jul 31, 2017 10:56am
Quoting ArslanHyder
{quote} Beware bullish momentum coming out in couple of hours
I was out: eu:closed -15; au:closed -2;
I can.I will. End of story.
  • #102,093
  • Jul 31, 2017 1:19pm Jul 31, 2017 1:19pm
As expected
Markets are Irrational
  • #102,094
  • Jul 31, 2017 1:31pm Jul 31, 2017 1:31pm
the 1hr and 4hr looks super bullish for an 81 test. With the RBA tomorrow, anything remotely hawkish will spike the crap out of the market. If they are not hawkish then i dont think the AUD will dump it will sort of trickle around. USD is still weak.
  • #102,095
  • Jul 31, 2017 1:52pm Jul 31, 2017 1:52pm
Entered Long. Target 0.8035
  • #102,096
  • Jul 31, 2017 2:24pm Jul 31, 2017 2:24pm
Now this is something I love
Markets are Irrational
  • #102,097
  • Jul 31, 2017 2:30pm Jul 31, 2017 2:30pm
The event scheduled in couple of hours will be hawkish... I see the bulls coming
Markets are Irrational
  • #102,098
  • Jul 31, 2017 3:00pm Jul 31, 2017 3:00pm
Quoting Jt387
{quote} I must've missed something, if Goldman Sachs "sell the AUD" wouldnt we see a large drop?
That's how they build market perception
Markets are Irrational
  • #102,099
  • Jul 31, 2017 4:38pm Jul 31, 2017 4:38pm
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  • #102,100
  • Jul 31, 2017 4:50pm Jul 31, 2017 4:50pm
Trump Removes Anthony Scaramucci From Communications Director Role --- US Dollar weakens
Markets are Irrational
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