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AUD/USD

  • #103,421
  • Dec 14, 2017 3:04am Dec 14, 2017 3:04am
Quoting baaldeagle
Can anyone tell me why the USD tanked after a hike? Isn't the opposite supposed to happen? Sure they have not been hitting their 2% target but the GDP growth is solid and feel trying to use inflation in isolation as a gauge of economic health. Why the huge sell off? I'm really confused
move was 90% priced in already, rate hike odds were close to 100%. Dollar rallied for the past week pricing in the hike.
  • #103,422
  • Dec 14, 2017 3:24am Dec 14, 2017 3:24am
Quoting asgcorp
{quote} move was 90% priced in already, rate hike odds were close to 100%. Dollar rallied for the past week pricing in the hike.
It also tanked because of the CPI figure and then the FED commenting that CPI needs to increase for further hikes.
  • #103,423
  • Dec 14, 2017 5:11am Dec 14, 2017 5:11am
buying dips. pending buy order 7633 SL 20 TP 90.
  • #103,424
  • Dec 14, 2017 6:11am Dec 14, 2017 6:11am
it got stuck below 0.7680

tempted to sell
Don't Worry Be Happy
  • #103,425
  • Dec 14, 2017 6:15am Dec 14, 2017 6:15am
Quoting MrPresident
it got stuck below 0.7680 tempted to sell
Fwiw, i shorted. Like @cmp
  • #103,426
  • Dec 14, 2017 6:21am Dec 14, 2017 6:21am
From the perspective of a swing trader, the feasible option I'm looking for is to sell rallies.

Attached D1 chart shows the W1 (red) and D1 (purple) resistance trendlines are still being respected.

I may be wrong. Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_Technical_Update_D1_14th_Dec.,_2017.png Size: 45 KB
Do your homework, follow the footprints of smart money
  • #103,427
  • Dec 14, 2017 6:32am Dec 14, 2017 6:32am
Quoting KeenPips
From the perspective of a swing trader, the feasible option I'm looking for is to sell rallies. Attached D1 chart shows the W1 (red) and D1 (purple) resistance trendlines are still being respected. I may be wrong. Trade safe and prosper. KP {image}
it is a tricky trade because it can still shoot up past 0.768

risky for swing traders but might be profitable for short term scalping off the resistance levels
Don't Worry Be Happy
  • #103,428
  • Dec 14, 2017 8:21am Dec 14, 2017 8:21am
0.7685 is major resistance and target as it is monthly pivot R1.
As per Newton's 1st law of motion, AUD/USD was weak and was downtrend until external forces (-ve core CPI of the US, dovish FOMC, +ve employment data of AUS.) were applied.

Despite EUR/USD and GBP/USD retraced down enough against USD but AUD did not, AUD/USD will remain in this bullish condition until external force (either major technical factor like monthly pivot R1 or any economical new) will be applied.

Note: Newton's 1st law of motion is 100% relevant not only to physics but also to trading. You can perceive it as 1st law of motion of trading instruments.

Regards,
Anand,
Works at Keon Consultancy, a forex fund manager group
  • #103,429
  • Dec 14, 2017 10:34am Dec 14, 2017 10:34am
don't short this yet guys. it's still in bull mode.
  • #103,430
  • Dec 14, 2017 10:42am Dec 14, 2017 10:42am
let's see a re-test here and reaction. *M15

On H4 last H4 candle fully engulfed the previous 3 H4 candles = bullish.

Don't try shorting this - will get trapped.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #103,431
  • Dec 14, 2017 10:43am Dec 14, 2017 10:43am
Quoting skyhok
Short on the 5th leg v of impulse wave (c) towards new low on this M30 {image}
Hey, can you do this currency pair from a higher time frame perspective? Thank you, once again, your work is very much appreciated!
  • #103,432
  • Dec 14, 2017 10:51am Dec 14, 2017 10:51am
pending buy order 7665 SL 15 TP 7740
  • #103,433
  • Dec 14, 2017 12:08pm Dec 14, 2017 12:08pm
short 7676
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #103,434
  • Dec 14, 2017 12:36pm Dec 14, 2017 12:36pm
I like the short idea

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
- If you plant corn, you get corn
  • #103,435
  • Dec 14, 2017 1:25pm Dec 14, 2017 1:25pm
Quoting asgcorp
pending buy order 7665 SL 15 TP 7740
cancelled.
  • #103,436
  • Dec 14, 2017 1:49pm Dec 14, 2017 1:49pm
retest of 7637 for 100 odd pips north I should think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 27 KB
Click to Enlarge Name: AUDUSDH1.png Size: 28 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 29 KB
Come with me if you want to live....
  • #103,437
  • Dec 14, 2017 1:57pm Dec 14, 2017 1:57pm
Quoting corpo30
0.7685 is major resistance and target as it is monthly pivot R1. As per Newton's 1st law of motion, AUD/USD was weak and was downtrend until external forces (-ve core CPI of the US, dovish FOMC, +ve employment data of AUS.) were applied. Despite EUR/USD and GBP/USD retraced down enough against USD but AUD did not, AUD/USD will remain in this bullish condition until external force (either major technical factor like monthly pivot R1 or any economical new) will be applied. Note: Newton's 1st law of motion is 100% relevant not only to physics but also...

This. I saw the banks load up 0.75199 - 0.7533 (zone). I got in at 0.7581 when momentum kicked in, then entered at 0.7634, and 0.7664. The latter being challenged at the moment with a b/e stop.

I have watched it maintain strength in the face of a rising DXY.

Hoping for a trend change. Not certain on this. Do you think?

I'm on house money now, so I fret not.
  • #103,438
  • Dec 14, 2017 6:44pm Dec 14, 2017 6:44pm
Quoting diavolul
{quote} Hey, can you do this currency pair from a higher time frame perspective? Thank you, once again, your work is very much appreciated!
Yes, asking it right on time.
AUDUSD H4 Paying attention to the downside for now, potentially on expanding range of diagonal. It's a matter of 'when?'.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4 15Dec17.png Size: 50 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #103,439
  • Dec 14, 2017 9:34pm Dec 14, 2017 9:34pm
Quoting corpo30
0.7685 is major resistance and target as it is monthly pivot R1. As per Newton's 1st law of motion, AUD/USD was weak and was downtrend until external forces (-ve core CPI of the US, dovish FOMC, +ve employment data of AUS.) were applied. Despite EUR/USD and GBP/USD retraced down enough against USD but AUD did not, AUD/USD will remain in this bullish condition until external force (either major technical factor like monthly pivot R1 or any economical new) will be applied. Note: Newton's 1st law of motion is 100% relevant not only to physics but also...
I LIKE IT
  • #103,440
  • Dec 14, 2017 9:40pm Dec 14, 2017 9:40pm
I hope you guys like the "enter"
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 57 KB
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