Dislikedfell fast after the FOMC and it will probably remain in a range between 0.8060 and 0.7940Ignored
Don't Worry Be Happy
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The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
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Dislikedfell fast after the FOMC and it will probably remain in a range between 0.8060 and 0.7940Ignored
DislikedPossible inverted head and shoulders pattern on the 15 min chart, hoping for a small reversal. However, technicals are probably not that accurate at the moment, force majeures (like gold) are dragging this down. {image}Ignored
DislikedThere's little probability of success with such a pattern on such an ltf imo; an htf like H4 or higher offers a better proposition. Trade safe and prosper. KP {quote}Ignored
DislikedAUDUSD Needs to quit playing around it looks like it wants to go higher so bad.Ignored
Disliked{quote} If I am thrown out of a 10 storey building, I reckon I wouldn't want to go any higher.Ignored
DislikedAUDUSD Needs to quit playing around it looks like it wants to go higher so bad.Ignored
DislikedEven though i'm biased short, but a part of me is telling me that AU isn't like the past whereby the drops will be massive and rapid. There seems to be some forms of support at .7900- .7910, preventing it from falling further down. Well, otherwise it could just be consolidation for the next move up or down. I won't rule out this pair going back up again (it has always been the case for this year)Ignored
Disliked{quote} The form of support preventing it from falling further is the impact of the market pricing in the US tax reform, this will entice companies with massive profits outside of the USA to repatriate them. The USA might not be able to achieve the tax rates of some of the tax havens used by the likes of GOOG and AAPL, so the exchange rate differential will provide the required offset. https://www.forbes.com/sites/leeshep.../#1d98d3254dfe The FOMC decision should have supported...Ignored
Disliked{quote} The form of support preventing it from falling further is the impact of the market pricing in the US tax reform, this will entice companies with massive profits outside of the USA to repatriate them. The USA might not be able to achieve the tax rates of some of the tax havens used by the likes of GOOG and AAPL, so the exchange rate differential will provide the required offset. https://www.forbes.com/sites/leeshep.../#1d98d3254dfe The FOMC decision should have supported...Ignored
Disliked{quote} most of the aussie banks are struggling with bad debt. thats what i read on the financial times the other day but yes does not mean aussie will fall in a straight line. i still maintain 7180 feb 2016 was the low in the aussie and the area from 7700-7800 is full of support. just shorted eur/audIgnored
Disliked{quote} I agree on the Aussie banks, but the problem the US hedge funds encountered here on their failed shorting campaign was that the banks are fully franked dividend stock favourites of the superannuation funds who simply buy more as soon as retail investors lose their nerve (http://www.smh.com.au/business/banki...26-gp4a91.html). I saw a great post the other day, recommending that we stay away from being economists and remember that we are trading here, so I won't make...Ignored
DislikedA major problem with focussing much on fundamentals is that we retail traders don't have an edge. By the time we have a fundie knowledge we'll be too late to the party. You need the info before or at the point of release and also the info on exactly how it will affect the market. Trade safe and prosper. KP {quote}Ignored
DislikedEven though i'm biased short, but a part of me is telling me that AU isn't like the past whereby the drops will be massive and rapid. There seems to be some forms of support at .7900- .7910, preventing it from falling further down. Well, otherwise it could just be consolidation for the next move up or down. I won't rule out this pair going back up again (it has always been the case for this year)Ignored
Disliked{quote} I too expected some support where you say, but the premium support lies just below there, but its been tested a few times, admittedly....some R now at 7985 I spot, and maybe a good spot to play for a continuation, good R/R anyway, could prolly try for 8 or 10 to 1 on em....prefer the play for next week really... {image}Ignored