Why AUDJPY changed its direction so quick | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

If the pending order is executed,will its order type be changed to order_buy 3 replies

why eur/usd and usd/jpy strange correlation same direction 1 reply

Hedging Question - Quick Question Looking for A Quick Answer 1 reply

no AUDJPY on alpari 0 replies

Attachments: Why AUDJPY changed its direction so quick
Exit Attachments

Why AUDJPY changed its direction so quick

  • #1
  • First Post: Dec 20, 2017 4:01am Dec 20, 2017 4:01am
Wave C of aud jpy did not complete its down circle and started third leg up move for long move 90.70 , Why so quick from where audjpy is getting power or is it scam move
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 133 KB
Neither a Bro Nor a Pro I am I
  • #2
  • Dec 21, 2017 9:25am Dec 21, 2017 9:25am
Quoting satish37
Wave C of aud jpy did not complete its down circle and started third leg up move for long move 90.70 , Why so quick from where audjpy is getting power or is it scam move{image}
I think, overall it’s a bull trend; I don’t surprised to see the bulls power right now!
  • #3
  • Dec 21, 2017 10:11am Dec 21, 2017 10:11am
Quoting satish37
Wave C of aud jpy did not complete its down circle and started third leg up move for long move 90.70 , Why so quick from where audjpy is getting power or is it scam move{image}
I don't think technicals necessarily apply here as the Yen has been weak across all pairs
Pride always comes before destruction.... -Proverbs 16:18
  • #4
  • Dec 21, 2017 10:19am Dec 21, 2017 10:19am
Quoting satish37
Wave C of aud jpy did not complete its down circle and started third leg up move for long move 90.70 , Why so quick from where audjpy is getting power or is it scam move{image}

The market has its own objective. It doesn't follow what you want it to do.
  • #5
  • Dec 21, 2017 10:24am Dec 21, 2017 10:24am
ok that is why traders loose , so any moment market can change , just like semi gambling , thanks for responses
Neither a Bro Nor a Pro I am I
  • #6
  • Dec 21, 2017 8:35pm Dec 21, 2017 8:35pm
It also depends significantly on whether sentiment amongst heavyweight traders is currently 'risk on' or 'risk off'. If the market is willing to accept risk, commodity currencies (AUD, NZD, CAD) tend to strengthen; when the market is risk averse, there is flight toward 'safe' currencies like JPY. Whatever its merits, Elliott wave analysis can not account for shifts in underlying fundamentals.
  • #7
  • Dec 21, 2017 8:53pm Dec 21, 2017 8:53pm
I see you are counting waves. It is possible you misread the wave count and are looking at something different than what you believed you were seeing. Since maybe you were wrong in your assessment, if you flipped it to bullish all along, is there something you missed that now looking at it you see? I'm not an expert but it's always good to look
  • #8
  • Dec 21, 2017 8:55pm Dec 21, 2017 8:55pm
It's a great santa rally!

But who would still be trading? I thought everyone would be on holidays now and getting drunk or high.

Maybe the bots are just having some fun...
  • #9
  • Dec 21, 2017 9:20pm Dec 21, 2017 9:20pm
Quoting NeuromanceR
It's a great santa rally! But who would still be trading? I thought everyone would be on holidays now and getting drunk or high. Maybe the bots are just having some fun...
Businesses, banks, countries still need to swap cash for operations, bills whether it's the holidays or not right?
  • #10
  • Dec 21, 2017 10:00pm Dec 21, 2017 10:00pm
Quoting meepstone
{quote} Businesses, banks, countries still need to swap cash for operations, bills whether it's the holidays or not right?
Well I guess it doens't really matter... as long as the price keeps on moving!
  • #11
  • Last Post: Dec 26, 2017 7:35am Dec 26, 2017 7:35am
This is why Aussie moved up quickly in few days.
Attached Image (click to enlarge)
Click to Enlarge Name: AU10Y_12-2017_AU02Y.jpg Size: 46 KB
0 traders viewing now