AUD/USD

i have been waiting about a week , lets see

I'm also looking at that possibility i want a piece of that

hello this is my analyse for AUD/USD today :

The RBA Tuesday installed as interest rates and expectations to 1.50% without any change. Where it led to the slight decline of Aussie against the US dollar and awaiting final federal meeting this year and the decision on the 14th, so the pair is suffering some selling pressures

Artistically-frame four hours last pair rose until he reached the area of resistance between 0.7497-0.7525. And that you meet with an upward trend line broken, by simply touching the area bounced her pair down, so we think that any rise coming must be preceded by tooching up 0.7497-0.7525 and close four hours top drives to 0.7580 and associated with it, of course, remain strong 61 AIBO lowest resistance area and broken uptrend pushes to land towards the almost 0.7370


sorry if i have mistake , i have english language

I never understood this. Elliot waves are
1
2
3
4
5
and then the ABC correction

This images and videos are all about ABC corrections without the waves

The AUDUSD has been very undecided and volatile between the 0.7400 level and the 0.7500 level. No clear direction until it breaks one of those two levels.

For me EW is too complex and need 1000's of hours to study. Its much easier to trade the break outs.

See now how AUD collapse with Fundamental data. This is why dont go long on AUD. nothing to do with waves.
50 pips down in a few seconds.

just wait till fed hike and maybe 200 pips down.

Pending Buy 0.7396, sl 0.735x

1. Central banks buy increasing amounts of government debt (QE), then rebate all interest to their Treasuries and eventually extend bond maturities. Someday they might even "forgive" the debt. Poof! It's gone.
2. Keep interest rates artificially low to raise asset prices and bail out over-indebted zombie corporations and individuals. Extend and pretend.
3. Talk about "normalisation" to maintain as steep a yield curve as possible to help financial institutions with long-term liabilities, but normalise very, very slowly using financial repression.
4. Liberalise accounting rules to make some potentially "bankrupt" insurance companies and pension funds appear solvent. Puerto Rico, anyone?
5. Downgrade or never mention the low interest rate burden on household savers. Suggest it is a problem that eventually will be resolved by the "market".
6. Begin to emphasise "fiscal" as opposed to "monetary" policy, but never mention Keynes or significant increases in government deficit spending. Use the buzzwords of "infrastructure" spending and "lower taxes". Everyone wants those potholes fixed, don't they? Everyone wants lower taxes too!
7. Promote capitalism – even though government controlled, near zero per cent interest rates distort markets and ultimately corrupt capitalism as we once understood it. Reintroduce Laffer Curve logic to significantly lower corporate taxes. Foster hope. Discourage acknowledgement of abysmal productivity trends which are a critical test of an economic system's effectiveness.
8. If you are a policymaker or politician, plan to eventually retire from the Fed/Congress/ Executive Wing and claim it'll be up to the millennials now. If you are an active as opposed to passive investment manager, fight the developing trend of low fee ETFs and index funds. But expect to retire with a nest egg.

President-elect Trump's policies fit neatly into numbers 6, 7 and 8, Gross says.
"There's no doubt that many aspects of Trump's agenda are good for stocks and bad for bonds near term – tax cuts, deregulation, fiscal stimulus, etc," he says. "But longer term, investors must consider the negatives of Trump's anti-globalisation ideas which may restrict trade and negatively affect corporate profits.

Quote

Disliked

"[BREAKING] Australian GDP (QoQ) Q3: -0.5% (est -0.1%, prev 0.5%, rev 0.6%) Australian GDP (YoY) Q3: 1.8% (est 2.2%, prev 3.3%)."

AUD/USD tanking.

don't you think the market has already priced the December hike in...that's why the move down from 77c to this current level last month?
I think the earlier 50pip drop was simply a knee jerk reaction. The RBA statement already said it was expecting it and that they're "ok" with it. What's key will be whether the pair makes it back up above the converging hourly and 4h MAs. Still neutral for me now until 75c breaks.

No and also there will be more hikes next year.

When a safe haven currency has more yield potential than a risk currency where will money flow?

Im not saying aud will drop instantly but it will continue to go lower.

above 0.75290 to form a daily/weekly sell signal imho (The monthly is already sell since 2016 April - 0.76xxx).
Time will tell.

For what its worth, I use a month Elliot Wave as a general guide and anticipate price to go lower? (-7000)
29th Nov representing Point 4 on the graph.

Of course there's still plenty of room for trade set ups in both directions

I am currently in a sell taken yesterday.

Decline due to fundamentals now with the expected us Interest rate hike money is currently flowing out of high carry trade aud and nzd to us . When technicals align fundamentals the direction is a given and money will also flow to your pockets.

I hope you traded what you foresaw

And yes, markets make a lot of sense dont they?

Please, help me to make sense of your diagram, lol.

KP

Sure
That was AUD USD 60 minuts diagram... the big instantaneous 50 pip drop and OF COURSE a total reversal....

The big target simbols are just indicators showing the latest HH or LL

Aud hitting for the 6ish time the same resistance. News still bad yet it goes up. I wish i studied economics. So who is selling now¿