Thread: AUD/USD

It Is Intriguing to see EURUSD and AUDUSD are positively correlated

Originally Posted by ;

It Is Intriguing to see how EURUSD and AUDUSD are positively correlated

Yes that's what's going to occur for nest eight day, study your chart well thanks

What happened to AUDUSD to earn U-turn unexpectedly, from south to north, 20pips?

Has someone else seen the monthly bullish engulfing candle?

Could go to 0.79

resistance at 0.785

Originally Posted by ;

what happened to AUDUSD to make U-turn abruptly, from south to north, 20pips?

Not gonna lie, I'm surprised also. I nearly did a Eur/Aud long... lol

Originally Posted by ;

quote With all due respect, I believe another 500 pips north in another 6 months is a bit ambitious for a currency which has an ADR of 40-50 pips. Regardless of technical analysis, hard to imagine banks, hedge funds, etc will probably have fundamental impetus to induce at the Aussie by February. Perhaps a ride down the fork to watch Mr. Median picture

Mate, it already covered 350 pips upward throughout the past thre weeks. Wouldn't it cover another 150 pips upward throughout the next three weeks? Provided that the retailers are feeding the market by trading against the trend, the more trading organization that is highly effective and also the pocket collect cash and guys won't be afraid to push it higher.

Originally Posted by ;

quote Mate, it covered 350 pips upward throughout the past thre weeks. Why wouldn't it cover another 150 pips upward throughout the next three weeks? As long as the retailers are feeding the market by trading against the trend, the more trading organization and also the pocket that is big collect money and guys will not hesitate to push it higher.

His announcement suggested that price may be at 83xx by mid february. That's 500 additional pips from the 78xx area, not 500 pips from the last impulse that began on December 8th.

Originally Posted by ;

quote His announcement suggested that price may be at 83xx by mid february. That's 500 additional pips in the region, not 500 pips in the last impulse that started on December 8th.

Sorry. I said it .
The matter is: When it coated 350 in 3 weeks, then 500 in six week shouldn#8217;t even really be a problem.
Look at weekly. Draw a bullish station. Make projection of the price hitting on the upper channel line. It projects at around 0.82xx probably 83 in about six weeks. All that if it proceeds up. I have a uncertainty since a sub channel is that might prevent this.

Originally Posted by ;

Has somebody else noticed the monthly bullish engulfing candle?

Yea, closed strongly above the middle band, though I got in with the daily middle band and 4hr upper band egy

Same using weekly, 10th December, 2017. This did not form powerful bullish engulfing, but also rejected bollinger lower band