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AUD/USD

  • #95,921
  • Mar 8, 2016 8:01am Mar 8, 2016 8:01am
Quoting diggo
For bulls, we are now approaching reload levels in the aussie, for a run at 0.755x next quarter. Much larger pending orders below with rock solid support at 0.685x if 0.699x gives way. Gold is also cheap in the 1120.xx zone at the moment, for the next leg to 1170/1200
Took it's sweet time but we are getting very close to the bull target at 0.755x now. Large bears are lurking. Will be watching the reaction at 7495 for the first signs of the bear. I will have my first bite at 7494 with a 12 pip SL.

Above 7495, we have rock solid resistance at 755x and a mofu at 7574. 7535 may also provide some R. Very juicy r/r at these levels, a 1,000+ pip drop from here is on the cards in my opinion.
  • #95,922
  • Mar 8, 2016 8:10am Mar 8, 2016 8:10am
Quoting voty
{quote} Aha, did not see any H&S here ? But good news if you see some, I'm short since the morning. edit: Ah ok, I see now the history, you mentioned on H1.
Despite the H&S pattern momentum is weakening there is a divergence on the last HH and a hidden divergence on the HL on 4hr timeframe
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,923
  • Mar 8, 2016 8:45am Mar 8, 2016 8:45am
Quoting blue_z_zz
{quote} Despite the H&S pattern momentum is weakening there is a divergence on the last HH and a hidden divergence on the HL on 4hr timeframe
Ehm sorry wrong thread, in fact I'm short on USDCAD And not looking very good now hmm, close to be stopped out...
buying tops / selling bottoms
  • #95,924
  • Mar 8, 2016 9:33am Mar 8, 2016 9:33am
aussie is dirty... and i love it (for now)
  • #95,925
  • Mar 8, 2016 9:40am Mar 8, 2016 9:40am
once we break 7500 the shorts will be squeeeezed... shooting for 7530
  • #95,926
  • Mar 8, 2016 9:54am Mar 8, 2016 9:54am
break of the 0.7415-7400 will probably send the pair as low as 0.7300-0.7250
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,927
  • Mar 8, 2016 3:23pm Mar 8, 2016 3:23pm
Is this rally starting to peter out.
Early signs oil and equities look like they are on the turn down.

Lets see what happens in the Asian session.
  • #95,928
  • Mar 8, 2016 3:37pm Mar 8, 2016 3:37pm
How Commitments of Traders predicted higher prices In AUDUSD

It seems like Commitment of Traders was spot on again.

Could the trader foreseen the bullish move before it happened?
Did the trader have to wait for the good economic news to position himself on the right side of the market?
Yes indeed.
Seems like many smart traders bought this market weeks ago and we could see it happening.
COT data once again predicted higher prices in AUD futures with a deadly accuracy.
Commitments of Traders data shows non-commercial traders had become NET LONG in JPY futures a number of weeks ago.
Attached Image (click to enlarge)
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HumbleTraders
  • #95,929
  • Mar 8, 2016 5:35pm Mar 8, 2016 5:35pm
Australian consumer confidence falls dramatically.

Another piece of bad data but don't worry the RBA only listens to positive data .
  • #95,930
  • Mar 8, 2016 5:43pm Mar 8, 2016 5:43pm
I don't like AUD. Difficult to predict. This pair looks like kangaroo; jump here jump there and ignore the other ones, even ignore news
  • #95,931
  • Mar 8, 2016 7:27pm Mar 8, 2016 7:27pm
Quoting blue_z_zz
probably a H&S is forming on the 1hr timeframe A break of today's low will confirm pattern a break of yesterday's high will invalidate the pattern
Yes I seen the pattern forming yesterday.
20 Pips a day keeps centerlink away
  • #95,932
  • Mar 8, 2016 7:30pm Mar 8, 2016 7:30pm
Quoting niagara33
I don't like AUD. Difficult to predict. This pair looks like kangaroo; jump here jump there and ignore the other ones, even ignore news
The aussie is like this just goes where ever it wants. The good thing about it its very forgiving, but be careful about holding longs.
20 Pips a day keeps centerlink away
  • #95,933
  • Mar 8, 2016 11:05pm Mar 8, 2016 11:05pm
Waiting AU to fall back to 0.7250 level. It is 38% of W1 retracement and 61% of D1 retracement and D1 MA200 is at these levels. SL above 0.7600
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  • #95,934
  • Mar 8, 2016 11:27pm Mar 8, 2016 11:27pm
Hi all traders,

Been busy scalping and lazy to post any entries in the forum in recent weeks. Anyways, if you are still bearish on this pair, there are only two possibilities why you are a bear.

1) You are short since .80.
2) You have really deep pockets.

Much as i do not want to hold a bias when i trade, but i can't help but to let you guys know something.

This is my daily chart.
.7380 is a level that was tested FOUR times.

On its fifth attempt, it finally mange to broke through it and went upwards.

I hope this allows traders over here to have a clearer picture.

Cheers!

p.s: I might sound like a contrarian trader here but as long i'm profitable, nothing else matters
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  • #95,935
  • Mar 8, 2016 11:48pm Mar 8, 2016 11:48pm
In the long run it'll go down anyway. It's just a small bump on the road down the same as we had last year.
  • #95,936
  • Mar 9, 2016 1:08am Mar 9, 2016 1:08am
Quoting cold chisel
In the long run it'll go down anyway. It's just a small bump on the road down the same as we had last year.
"Markets can remain irrational longer than you can remain solvent"
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,937
  • Mar 9, 2016 1:20am Mar 9, 2016 1:20am
Quoting blue_z_zz
{quote} "Markets can remain irrational longer than you can remain solvent"
Yeah I know. I can wait another year.
  • #95,938
  • Mar 9, 2016 1:46am Mar 9, 2016 1:46am
Quoting SkyrEk
Hi all traders
yeah ok sky, it's one way of looking on the daily chart. here's another one though. Still if price does in fact break out of the 50 resistance, you could look to buy on retracement.

More realistic, oz go down, the ranges are already overextended.
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  • #95,939
  • Mar 9, 2016 1:54am Mar 9, 2016 1:54am
Quoting cold chisel
{quote} Yeah I know. I can wait another year.
good luck chisel
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,940
  • Mar 9, 2016 1:58am Mar 9, 2016 1:58am
I was expecting a test to mid 0.73 level but it probably will go for a new high bulls seem in total control of this pair
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
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