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AUD/USD

  • #104,081
  • Jul 5, 2018 10:10pm Jul 5, 2018 10:10pm
Market Analysis: market is heavily ranging since long time & our advise don't enter for any trade until price hits upper or lower band levels.

Trading charts: M15, M30, H1, H4
Our recommendation: Market is ranging

upper band level 1: 0.7424
upper band level 2: 0.7446
lower band level 1: 0.7337
lower band level 2: 0.7315

Time: July 6, 8:54 AM (UTC+6)

Attached Image (click to enlarge)
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  • #104,082
  • Jul 5, 2018 10:11pm Jul 5, 2018 10:11pm
I don't think it is a good chance to short. certainly it's in the bearish trend right now. but look at the weekly chart, long hachures,61.8% fib, bullish bias as the waning impact of trade war between china and us.
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #104,083
  • Jul 5, 2018 10:55pm Jul 5, 2018 10:55pm
usdx at resistance,i long ad..just my opn of course
  • #104,084
  • Jul 6, 2018 4:15pm Jul 6, 2018 4:15pm
Quoting NotAtrader
My Holy Grail system has benn generating “buy” signals whole Friday on 15M, 30M, 1H, 4H and daily TF. I usually trust my system as it is extremely reliable, but this time I have doubts. It was Friday as well as last trading day of the month, which suggest that this bullish move was caused only by profit takers. I am long, as I need to follow my system.
Hi dear fellow frustraders The same story this Friday as well.

We closed some 20 pips higher than the last Friday close.
Too many “buy” signals all day long.

I remain bullish as I need to follow my system.

GL
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #104,085
  • Jul 7, 2018 2:19am Jul 7, 2018 2:19am
yes bullish it is
  • #104,086
  • Jul 7, 2018 10:27pm Jul 7, 2018 10:27pm
Quoting geniusztc
I don't think it is a good chance to short. certainly it's in the bearish trend right now. but look at the weekly chart, long hachures,61.8% fib, bullish bias as the waning impact of trade war between china and us. {image}
7450---7500
bearish is still in charge, but bullish sees the dawn.
Attached Image
A chart helps those who can read it.
  • #104,087
  • Jul 8, 2018 12:20am Jul 8, 2018 12:20am
Hello All traders.
Sell signal from our indicator. M15
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  • #104,088
  • Jul 8, 2018 12:34am Jul 8, 2018 12:34am
Stuck in a 90 pip range

H4
Attached Image (click to enlarge)
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H1
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you are not expected to understand this
  • #104,089
  • Edited 1:21am Jul 8, 2018 1:08am | Edited 1:21am
Quoting Xrin
Market Analysis: market is heavily ranging since long time & our advise don't enter for any trade until price hits upper or lower band levels. Trading charts: M15, M30, H1, H4 Our recommendation: Market is ranging upper band level 1: 0.7424 upper band level 2: 0.7446 lower band level 1: 0.7337 lower band level 2: 0.7315 Time: July 6, 8:54 AM (UTC+6) {image}
my choice AUDUSD down to: 0.7337
in case USDCNH H1 goes up
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  • #104,090
  • Jul 8, 2018 9:36am Jul 8, 2018 9:36am
not convinced of bull strength yet, still below 0.745, which is bearish
Don't Worry Be Happy
  • #104,091
  • Jul 8, 2018 3:19pm Jul 8, 2018 3:19pm
Here's my take on the aussie.

On the weekly time frame, AUDUSD has rejected an ascending channel (red) southward and now respecting a descending trendline (blue), which is in play as resistance. Price action is now operating in a horizontal support zone around 0.73900. Last week, the market printed a bullish pinbar around this support zone and we may expect a northward move in the early part of this week. The 0.75290/0.76160 area is likely to be an initial target of bulls. However, I will not be trading this pullback. I will be waiting for price action to either retest the support trendline (blue) or enter the mean area between the moving averages I use for measuring mean reversion and drive southward when it gives me a setup on a daily or four-hourly closing basis. Nevertheless, technically, the 0.75290/0.76160 area is an area I will watch for a potential southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #104,092
  • Jul 8, 2018 8:15pm Jul 8, 2018 8:15pm
Sold 7445, 100% retracement from 7309 to 7443
  • #104,093
  • Jul 8, 2018 8:26pm Jul 8, 2018 8:26pm
Quoting mkshoaib
Sold 7445, 100% retracement from 7309 to 7443
Bit early in the week for this to work, has to be retracement somewhere...



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It takes a lot for me to IGNORE you, but you can try.
  • #104,094
  • Jul 8, 2018 10:45pm Jul 8, 2018 10:45pm
A pullback is needed.
A chart helps those who can read it.
  • #104,095
  • Jul 8, 2018 10:48pm Jul 8, 2018 10:48pm
It looks bullish guys, looks at the wicks on those weekly candles, plus dollar is dropping.
Price is King
  • #104,096
  • Jul 8, 2018 11:59pm Jul 8, 2018 11:59pm
I took long position on 16-June-2018 from .73500 with a TP at 0.75200 and set a stoploss at 0.7300. The reason being AUD is in serious pressure because of China US trade spat. The australian dollar is weak but its not that weak that it cannot trade above 0.75000.
  • #104,097
  • Jul 9, 2018 4:31am Jul 9, 2018 4:31am
The pair had a bullish breakthrough, currently trading 3 weeks high, immediate resistance can be seen at 0.7500 level, I'm expecting bullish trend to continue.
  • #104,098
  • Jul 9, 2018 4:36am Jul 9, 2018 4:36am
Quoting geniusztc
A pullback is needed.
agree
  • #104,099
  • Edited 1:09pm Jul 9, 2018 4:52am | Edited 1:09pm
AUDUSD short @0,7474 tp1 0,7398
(Gold and USDCNH started little retrecement)

edit: closed, small win, no power
  • #104,100
  • Jul 9, 2018 5:24am Jul 9, 2018 5:24am
Quoting geniusztc
I don't think it is a good chance to short. certainly it's in the bearish trend right now. but look at the weekly chart, long hachures,61.8% fib, bullish bias as the waning impact of trade war between china and us. {image}
Very good analysis, geniusztc.
Never ignore a nice set of bullish wicks, especially when they have formed on the 61.8 fib.
Always watch EUR/AUD because the Aussie trades primarily against the Euro, not the USD. AUD cannot advance if the EUR/AUD cross is bullish.
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