AUD/USD = EUR/AUD - What in the...? 0 replies
DislikedBuddy i CANNOT HELP but to laugh at your chart....
you trade the daily and you cant even wait to let the Daily Close first before you attempt to long?!
buddy you will be disappointed.... so where did that Bullish Engulfing Candle of yours gone??
Like i said... UNDER 1.03 is still BEARISHIgnored
DislikedHi, Nice that my chart made you laugh hehe.
Don't worry, I am not looking for big targets and longterm.
Just TP1 1.0280 Tp2 1.03 and TP3-1.0325 , Then will see.
BTW, I'm not a daily chart trader, just posted what seems could be the possible support looking back at the change in direction from those areas marked on that daily chart.Ignored
DislikedAnyone notice the weekly on the dollar index? if the current weekly candle turns bear,then we could possible get the beginning of a bearish 3 falling methods continuation pattern. Which would break the neck line of that weekly Head and Shoulders on the weekly and drop about 555 points.
It would match the holiday season that is coming up as well.Ignored
DislikedWhat if it doesnt come out good?? unemployment claims increased should've given you a hint that the NFP is going to be bad, but how bad will NFP miss?
But then again, no definite until the numbers come out. but looking at the chart. im only gona allow AUDUSD to go up to1.03 and there ill be looking to load shortsIgnored
DislikedWkly close below 79.431 it opens the door yes. But on fractral analysis it should continue upwards before the next big leg down to 76.
I personally think we could to around 81 but if ratings agencies and fiscal news comes back into vogue than it will get hammered sooner than later.Ignored
DislikedI'm also confused by this. Wouldn't good NFP and employment numbers be good for USD? (Or do good numbers lead to decrease in QE3 and hence get treated as bad??)Ignored
I like you a lot as a trader. Not because of your quality of post but because you pry and and ask the question of 'you make an argument now prove it' type statements. I respect that and you have shifted my Saturday piece of what I was going to talk about to now I will put out another paper kind of like the first week. This will answer your questions on the correlation or why AUD/USD should continue to fall even if dollar looks to resume a downward move. Most of it will be hard numbers and a small bit will be my thesis for the macro bear but...Ignored
DislikedWhen there are good numbers that come out.. It is good for U.S. financial markets.. Stock, etc. Since people in the U.S. would use products, services, in their own country. As those markets get stronger the U.S. currency gets weaker.
So, yes a strong U.S. stock index moves in opposition to the U.S. dollar. So, if NFP is good that means more people working = more spending = stocks and investments go up, while dollar currency goes down.
I hope that made sense.Ignored