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AUD/USD

  • #101,521
  • May 22, 2017 7:46am May 22, 2017 7:46am
1 to 1 zigzag
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  • #101,522
  • May 22, 2017 7:48am May 22, 2017 7:48am
Quoting SkyrEk
Initiated a short entry at .7460, gunning for .7400. {image}
I closed my last two lots today which were long.

Aud looks bullish as commodity prices raise
  • #101,523
  • May 22, 2017 7:55am May 22, 2017 7:55am
bull vs bear fight at 0.7480 right now

can look at other AUD crosses as well and see what happens

Inserted Video
Don't Worry Be Happy
  • #101,524
  • May 22, 2017 8:44am May 22, 2017 8:44am
if AUD/USD falls further, then it is likely that GBP/AUD will rise

i think both of these pairs complement each other and offer a good risk/reward in the near term, so it is possible to trade both and earn a good profit
Don't Worry Be Happy
  • #101,525
  • May 22, 2017 9:24pm May 22, 2017 9:24pm
Quoting SkyrEk
Initiated a short entry at .7460, gunning for .7400. {image}
Monitoring current price action between .7480 - . 7510 to determine if i will close my shorts and open longs or load in more shorts.
  • #101,526
  • May 22, 2017 9:39pm May 22, 2017 9:39pm
if gold keeps going up so will the AUD
I will get my head around this, but always can be wrong
  • #101,527
  • May 22, 2017 11:33pm May 22, 2017 11:33pm
AUD is bullish i caught 40 pips and doing ok.... just closed another postion and still have one long left.
  • #101,528
  • May 22, 2017 11:43pm May 22, 2017 11:43pm
Quoting SkyrEk
{quote} Monitoring current price action between .7480 - . 7510 to determine if i will close my shorts and open longs or load in more shorts.
IMHO, AU is going up but it could also possibly be a bull trap. From my charts, it is still corrective until prices show a bullish impulse. Hence my bias on this pair will still be bearish. I am not 100% correct, just my take on this pair. I do see a trendline break as well, but structurally it is still corrective and going down is what i will be expecting.
  • #101,529
  • May 23, 2017 12:04am May 23, 2017 12:04am
Quoting SkyrEk
{quote} IMHO, AU is going up but it could also possibly be a bull trap. From my charts, it is still corrective until prices show a bullish impulse. Hence my bias on this pair will still be bearish. I am not 100% correct, just my take on this pair. I do see a trendline break as well, but structurally it is still corrective and going down is what i will be expecting.
I just closed my last postion... about 1 min ago.

I am not going to touch this pair until the 7505 or untill we see another bear trend.

AUD is trading high...
  • #101,530
  • Edited 12:52am May 23, 2017 12:27am | Edited 12:52am
I think longer term it's setting up for a great sell
the only question is
when
and the GBP/AUD will prob happen at the same time
I will get my head around this, but always can be wrong
  • #101,531
  • May 23, 2017 1:29am May 23, 2017 1:29am
Quoting SkyrEk
{quote} IMHO, AU is going up but it could also possibly be a bull trap. From my charts, it is still corrective until prices show a bullish impulse. Hence my bias on this pair will still be bearish. I am not 100% correct, just my take on this pair. I do see a trendline break as well, but structurally it is still corrective and going down is what i will be expecting.

Rejection at 78.6%

I will exit my shorts when price goes above .7510 and closes above it.
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  • #101,532
  • May 23, 2017 1:38am May 23, 2017 1:38am
zigzag blue 1 to 1 done
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  • #101,533
  • May 23, 2017 6:09am May 23, 2017 6:09am
0.7560 is likely the next target but have to be careful about buying since it can still reverse
Don't Worry Be Happy
  • #101,534
  • Edited 8:30am May 23, 2017 6:15am | Edited 8:30am
Quoting MrPresident
0.7560 is likely the next target but have to be careful about buying since it can still reverse
Right. Closed with 25pips profit
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This is not investment/trading advise. Will not hold accountable for loss
  • #101,535
  • May 23, 2017 7:28pm May 23, 2017 7:28pm
Moodys seeing cracks in China debt with downgrade.

Australia relying on the Chinese coat tails will be sweating ...
  • #101,536
  • May 23, 2017 7:34pm May 23, 2017 7:34pm
Quoting lasty
Moodys seeing cracks in China debt with downgrade. Australia relying on the Chinese coat tails will be sweating ...

Moody’s have cut China’s sovereign rating to A1. Cut reflects Moody’s expectations financial strength will fall over coming years, with debt continuing to rise as growth slows….shock!

The outlook has been raised to stable so we don’t expect more cuts anytime soon…

Let’s see the reaction in China fixed income and equity markets which open soon..a bit of a spike in USD/CNH and we could see AUD/USD and USD/CNH have better inverse correlation today
  • #101,537
  • May 23, 2017 8:57pm May 23, 2017 8:57pm
More crap data from Australia this time construction work .

There is a lot of speculative money hoping that this currency holds up otherwise the flood gates are about to open and we will soon see who has the massive exposure.
  • #101,538
  • May 23, 2017 11:32pm May 23, 2017 11:32pm
Hhhmmmmm
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Focus
  • #101,539
  • May 24, 2017 12:08am May 24, 2017 12:08am
Quoting SkyrEk
{quote} Rejection at 78.6% I will exit my shorts when price goes above .7510 and closes above it. {image}

Close out all my shorts for a small profits as prices are respecting an uptrend line currently. Break below and i will short, otherwise, i will be expecting a corrective upmove.
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  • #101,540
  • May 24, 2017 6:02am May 24, 2017 6:02am
a break below 0.7340 around the 20-day moving average will be more bearish for the pair

more bullish above the 20-day moving average towards the target of 0.7560

i think the direction today will be determined by the FOMC minutes as the market will know whether to price in a June rate hike
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Don't Worry Be Happy
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