Wysiwyg
Everyone wants money
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Right so far. AUD/USD down 100 pips since then and 82c support for a while. Pair following the DOW though so nothing unusual here.
white_goodman
BOC
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Just wait for the commercials stop loss run
Trembling Hand
Can be found on the bid
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You sure you know who the commercials are?
white_goodman
BOC
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Just wait for the commercials stop loss run
yeh not always the greatest timing 'indicator'
white_goodman
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like hedgers'n'shi.t
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My bias is currently south on this pair and in a short atm.
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In my opinion, we are still up (long). This may be a slight retracement down before bouncing up. T/p is what im not sure about. Im long now, so i would take profit near the nearest s/r which is 70 pips away from now. s/l= 53 pips (last HL). Get in quick and get out quick. lol
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Good Afternoon,
please find below my daily spot AUD analysis, based on market profile and cap flow charting.
Cheers.
The Australian Dollar rotated higher to key level 0.8758 early in the overnight session. Responsive selling at this level rejected the advance taking the market back inside the established development for the remainder of the session.
Today the market triggered an initiating buy tail of 0.8739 which was the previous session point of control. The market distributed higher where a responsive selling capped the advance, and is developing in a range mid 0.8740's to 0.8772.
A continuation of the distribution higher opens to resistance at 0.8814/20 and 0.8875. Initial support is at 0.8739 the commencement of the initiating buy tail today, then 0.8689 and mid 0.8650’s.
Have a good night.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
please find below my daily spot AUD analysis, based on market profile and cap flow charting.
Cheers.
The Australian Dollar rotated higher to key level 0.8758 early in the overnight session. Responsive selling at this level rejected the advance taking the market back inside the established development for the remainder of the session.
Today the market triggered an initiating buy tail of 0.8739 which was the previous session point of control. The market distributed higher where a responsive selling capped the advance, and is developing in a range mid 0.8740's to 0.8772.
A continuation of the distribution higher opens to resistance at 0.8814/20 and 0.8875. Initial support is at 0.8739 the commencement of the initiating buy tail today, then 0.8689 and mid 0.8650’s.
Have a good night.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
Im surprised at how the Au$ is going up against every currency except the long loved carry currency the Yen.
A few months ago the moves against the Yen and Us$ were almost the same, however in the last month we are now at 89.4us cents, yet only 78.7 Yen
Ive now used this as a pair trade, short on the us$ and long with the Yen.
I plan to hold my Yen trade over a few weeks, will most likely close my us$ trade in the next few days, assuming it goes back down to around 88c.
Im only going to short for a 1 cent gain. My long term view is that the Us$ will continue to fall.
Im also assuming that a high Yen will not be liked by Japenese exporters. Well thats also the case for any country's exporters.
A few months ago the moves against the Yen and Us$ were almost the same, however in the last month we are now at 89.4us cents, yet only 78.7 Yen
Ive now used this as a pair trade, short on the us$ and long with the Yen.
I plan to hold my Yen trade over a few weeks, will most likely close my us$ trade in the next few days, assuming it goes back down to around 88c.
Im only going to short for a 1 cent gain. My long term view is that the Us$ will continue to fall.
Im also assuming that a high Yen will not be liked by Japenese exporters. Well thats also the case for any country's exporters.
Hoorah
So I made a profit on my long with the Yen, however am still at a loss with my short on the US$.
I cant post a pic now, however it looks like after hitting 89.5 we now have a heads and shoulder formation. It has hit the resistance level (which since breaking through has become the support) of 88.7 now 3 times in the last 48 hours.
Im assuming that unless gold and other commodities can go any higher, it should break 88.7 and possibly fall as low as 88 by the end of week.
I got in at 89c, Im starting to think I should have waited to get in at 89.5 and possibly 90.
Anyone else want put some analysis up??
This tread has become very quiet lately. I would have thought trading the Au$ would have been the easiest way for anyone us to make money the next few months.
So I made a profit on my long with the Yen, however am still at a loss with my short on the US$.
I cant post a pic now, however it looks like after hitting 89.5 we now have a heads and shoulder formation. It has hit the resistance level (which since breaking through has become the support) of 88.7 now 3 times in the last 48 hours.
Im assuming that unless gold and other commodities can go any higher, it should break 88.7 and possibly fall as low as 88 by the end of week.
I got in at 89c, Im starting to think I should have waited to get in at 89.5 and possibly 90.
Anyone else want put some analysis up??
This tread has become very quiet lately. I would have thought trading the Au$ would have been the easiest way for anyone us to make money the next few months.
"This tread has become very quiet lately. I would have thought trading the Au$ would have been the easiest way for anyone us to make money the next few months."
I agree with that comment however its fairly obvious that many out there try and make things too complex for themselves.
Cant see the woods for the trees comes to mind.
Good luck and happy hunting.
I agree with that comment however its fairly obvious that many out there try and make things too complex for themselves.
Cant see the woods for the trees comes to mind.
Good luck and happy hunting.
