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AUD/USD

  • #106,121
  • May 20, 2020 5:37am May 20, 2020 5:37am
In both AUDUSD and AUDCAD shorts looks like my stops would get destroyed. So much for taking shorts lol
  • #106,122
  • May 20, 2020 6:45am May 20, 2020 6:45am
Time to short again??
  • #106,123
  • May 20, 2020 6:48am May 20, 2020 6:48am
looks like we might be going for 6600 tonight? impressive on little news ,, China, you're getting a wee bit upset now..
grist for the mill
  • #106,124
  • May 20, 2020 6:53am May 20, 2020 6:53am
Quoting krst8
{quote} It appears again like another day where aud blindly follows SP500. The SP500 futures are up about 1.2 for today, yesterday Moderna fall is now taken out. So we are back same as yesterday... If USA stocks up AUD will just keep going along i assume..
Plus the idiots from fed are talking again this afternoon. They will throw in another few trillion dollars and market will jump another 5%
  • #106,125
  • May 20, 2020 6:54am May 20, 2020 6:54am
Quoting JackJones
looks like we might be going for 6600 tonight? impressive on little news and China getting a wee bit upset now..
yeah up again. As trade “war” between Australia and China would hurt its economy that off course mean the opposite, the aud should strengthen... “ironic”..

... completely lost where this is heading...
  • #106,126
  • May 20, 2020 6:57am May 20, 2020 6:57am
Quoting krst8
{quote} yeah up again. As trade “war” between Australia and China would hurt its economy that off course mean the opposite, the aud should strengthen... “ironic”.. ... completely lost where this is heading...
just follow the money, ie, forex vol, where does price like to trade and it will usually just drift between them.. second guessing media wars is tough, yu never know what the real story is.

6600 is pretty thic and slowly it grinds to test it out.. i said i'd sell it once we some action there so , tick-tock

Quoting JackJones
{quote} maybe, looks to be a lot of volume at 6600 so it might be a MEGA magnet in that they want to sell it off again, or test it out..
grist for the mill
  • #106,127
  • May 20, 2020 8:37am May 20, 2020 8:37am
Sell stop 0.6570
Stop loss 0.6590
Take profit 0.6475
  • #106,128
  • May 20, 2020 10:25am May 20, 2020 10:25am
Looks like on daily chart the 200 MA at 6637 will be tested before it falls... if it falls
  • #106,129
  • May 20, 2020 10:30am May 20, 2020 10:30am
Quoting Vincent1
Sell stop 0.6570 Stop loss 0.6590 Take profit 0.6475
Cancelled of course, waiting for new signal
  • #106,130
  • May 20, 2020 10:45am May 20, 2020 10:45am
Quoting Vincent1
{quote} Cancelled of course, waiting for new signal
yeah as long as Dow stock up this will not fall...
  • #106,131
  • Edited 2:55pm May 20, 2020 2:30pm | Edited 2:55pm
another week and the SP500 correlation with AUD USD is fully intact!

If we look at the daily chart AUD (blue line) is spot on on the daily chart. I cant see as of now any chance that this pair can reverse if not something happens to the stock market. if we zoom out prior to these events on a weekly chart some years back we can see that this was not the case for some years..

This week we hade some slight divergence yesterday but it was only for a few hours.

If we look futher, on the last image, were SP500 is right now, we can see that is going for a breakout of the weekly ichimoko cloud. If so, i cant see any reversel of AUD until another stock crash of any???

I been eying for a short towards the weekly ichimoko cloud at 61 level now for weeks, last picture, and got cut out bad several times. Now i dont belive in any magic of TA :-) but this has been my attempt to trading plan that has not went well. If we look at a broader picture AUD is the only major pair that has not testet its daily cloud during this recovery, it really has some magic bullish momentum!
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  • #106,132
  • May 20, 2020 3:39pm May 20, 2020 3:39pm
Quoting Tekin
Maybe {image} {image}
Almost 100 pips ended
  • #106,133
  • May 20, 2020 5:16pm May 20, 2020 5:16pm
im selling for scalps at 6000-6010 -- even if it drops a bit but comes back to hold 6000 this weekend then next stop is 6700..

if 6600 holds into friday i would be very surprised but aussie is showing strength for two weeks now so careful betting against it.

@krst8, maybe china is trying to crush the aussie economy and then somehow aud/usd and so eventually make the s&p500 drop ?
grist for the mill
  • #106,134
  • May 20, 2020 8:25pm May 20, 2020 8:25pm
it likes to head south and then push to highs so watch out
grist for the mill
  • #106,135
  • May 20, 2020 10:19pm May 20, 2020 10:19pm
Quoting JackJones
im selling for scalps at 6000-6010 -- even if it drops a bit but comes back to hold 6000 this weekend then next stop is 6700.. if 6600 holds into friday i would be very surprised but aussie is showing strength for two weeks now so careful betting against it. @krst8, maybe china is trying to crush the aussie economy and then somehow aud/usd and so eventually make the s&p500 drop ?
You mean 6600 right? In first line where you mentioned 6000
  • #106,136
  • May 20, 2020 10:27pm May 20, 2020 10:27pm
Quoting Hetal.Mehta
{quote} You mean 6600 right? In first line where you mentioned 6000
yeah 6600 right on!.. hoping to see asia session uppercut soon ill be disappointed if it doesn't
grist for the mill
  • #106,137
  • May 21, 2020 3:35am May 21, 2020 3:35am
This is my view. Good to short
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  • #106,138
  • May 21, 2020 4:02am May 21, 2020 4:02am
Quoting Traderview
This is my view. Good to short {image}
do you see any fundamental reasons for this to fall from this level? While i am short i don’t really see this turning here why i am asking?
  • #106,139
  • May 21, 2020 5:30am May 21, 2020 5:30am
Quoting krst8
{quote} do you see any fundamental reasons for this to fall from this level? While i am short i don’t really see this turning here why i am asking?
The price have been stagnating since april from 0.63 - 0.65. It couldn't able to break above or below. Technically, the retrace up to and between 0.6220 - 0.6050.
Even if the market moved up, the far it could go is 0.6685. This will again retrace to 0.63.
  • #106,140
  • Edited 6:50am May 21, 2020 6:40am | Edited 6:50am
Quoting Traderview
{quote} The price have been stagnating since april from 0.63 - 0.65. It couldn't able to break above or below. Technically, the retrace up to and between 0.6220 - 0.6050. Even if the market moved up, the far it could go is 0.6685. This will again retrace to 0.63.

we will see, but i am more thinking that fed will by stocks to kick up the us markets If any chance of more down and that this will follow along. Again the spx futures are increasing this mid London seasion and AUD just rides along...

but for sure one wants this to fall deep deep down hehe :-)
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