Thread: AUD/USD

Short from 0.7793.... S/l 0.7820
The AUD is quite overbought and is ready for sharp downmove.

Originally Posted by ;

quote This stup is still legitimate. As long as the price holds above 0.7730-50 area, AUD/USD is still bullish.

Nevertheless intact.
The weekly bullish channel will likely give us 0.83xx by mid February.
Anyhow it's so tough to make reliable analysis nowadays. The market has shifted its character .

Let's see.

Originally Posted by ;

quote Nevertheless intact. The weekly bullish channel will most likely provide us 0.83xx by mid February. It#8217; hard to make analysis today. The market has changed its nature entirely. Allow#8217;s visit.

With all due respect, I think another 500 pips north from the next 6 weeks is somewhat ambitious for a currency that has an ADR of 40-50 pips.

Despite specialized analysis, hard to imagine banks, hedge funds, etc will probably have enough fundamental impetus to push the Aussie to 83 by mid February.

Perhaps a ride down the fork to watch Mr. Median

I doubt there will be Some bearish relief until 79 area

Originally Posted by ;

Brief from 0.7793.... S/l 0.7820 The AUD is very overbought and is prepared for sharp downmove.

Stop out. . ?

Originally Posted by ;

I doubt there will be any substantial bearish relief until 79 area

I'm not saying it will head south at this time. It could test 79 but I would not be a buyer at this degree.

In the past 2 weeks gold compels to 1300, oil compels to 60. Imho, Aussie goes considerably higher if commodities are still direct. For me the path of least resistance eventually will probably be down

Anyways, secure trading. More than one way to skin a

Originally Posted by ;

quote I am not saying it will head south right now. It could test 79 again but I wouldn't be a buyer at this level. In the previous 2 months gold compels to 1300 oil compels to 60. Imho, Aussie goes higher if commodities continue to lead. For me the course of least resistance finally will be down. More than one way to skin a

Yeah I wouldn't recommend buying, but 3 bullish weekly candles off the ascending weekly TL is not to be sneezed at.

Originally Posted by ;

quote Yeah I would not advise buying, but 3 bullish away from the ascending weekly TL is not to be sneezed at.

The bullish weeks will probably continue provided that retailers commerce down. Wherever you examine the brokers' statistics you'll see how a lot traders are bearish when compared with this bullish ones. This shows just 1 thing - people are crazy and about 65% by commerce agains the trend. That shows how poor the quality of the average trader is.

Around 85 percent don't know how to trade and 20 percent of them are very lucky if they make some profits from time to time. The rest of them are losing money and feeding the market.

The single way way to keep out of trouble is to remain with the trend.

Originally Posted by ;

quote The bullish weeks will probably last as long as retailers trade down. Wherever you examine the brokers' statistics you'll see how a lot traders are bearish when compared with this bullish ones. This shows only 1 thing - people are mad and around 65 percent by now trade agains the trend. That shows how the quality of the average trader is. Around 85% do not understand how to exchange and 20% of them are extremely lucky if they make some profits from time to time. The rest of them are losing money and feeding on the market. The only way way to stay...

I believe they dont trade against th trend. They think that is the fad!
So, when you say stay with the trend, what you really mean? How you decide the trend?