Thread: AUD/USD

Originally Posted by ;

You too, man. What a tough pair!

Yes! Probably among the most difficult currency pair to exchange. The correlation between AUD and remainder is rather complied along with the government8217;s contradictory messages into the market. This produces a lot of confusion.

But again we see similar manipulative tendencies with EUR, Yen an the US dollar. Good luck man.

AUDUSD H4

Originally Posted by ;

AUDUSD H4 picture

Nice work friend

Originally Posted by ;

AUDUSD H4 image

AU CLOSE

Yeah. This pair is heavily manipulated by the market makers. Finest way for me to trade is to the definitive trend using a risky wide stop and holdings.

The pound is getting hammered that is pushing the dollar up. In turn it's hammering AUDUSD. Even right now, the dollar ought to be reversing according to normal daily range (manipulation), but it hasn't done so. It will in a few hours, but since it hasn't however, dxy is about a bullish trend. Currently, it's stickied at the 200 daily moving average via the 4 hour chart a the very top of a newly established fad. If it closes over the 200sma and over that trend line, dxy will not stop. How much DXY affects AUDUSD is something I am not comfortable, so this is speculation.

Newbs: this isn't a trade arrangement, but a summary of tendency bias together with speculation (guessing). Create your plan and stick with it.

Https://www.tradingview.com/x/JojXx5ta/
An opinion of AUDUSD using its 200 easy moving average via H4:

https://www.tradingview.com/x/cZNi1iLs/


Plan your transaction. Trade your plan.

Fabulous chance to you all.

Originally Posted by ;

You too, man. What a tough pair!

It seems like my installation may have neglected. Anyway there is absolutely no reduction as of yet and I'll give it time, as all this may be a bear trap. Let's see

Thank you to return. I'm relieved to hear you did not lose out. Great trader! That pattern I trace that denotes a possible trend change is followed by a bull trap before descent on its downside. It's related to the Wyckoff market cycle for that I am not well versed. It's just a pattern I cannot help notice when I come across.

I'm not convinced of a trend change with this pair. DXY needs to retrace. Trump will bark. ha

The trend after information is market manipulation, does anyone even read the COT reports? It's also having modest bull momentum while having bulldozing bear momentum. Pretty much every trader has advised me not to exchange the news for a reason, and it's the advice which literally flipped me around into making profits after two account blow ups.

But I digress. It does help to know that somebody has to work 1 hour per week to be considered employed, and also also a quarter of our work force are workers. Meaning they're not entitled to any hours of work. Be very careful when seeing very good employment data, it's not the case since our services/tourism sector is growing and is notorious for hiring casual staff's bulk. Usually they are younger because they're ALOT cheaper once a certain turns, and you will simply not give them any changes. Hire a 15 year old plus they cost a measly base rate. Get a 21 year old and they can cost up to $21 an hour. I would assume this data is even worse than it seems. Tread carefully AUD bulls.

Great info!

KP

Originally Posted by ;

The trend up after poor data is unquestionably market manipulation, does anyone even read the COT reports? It's also having meek bull momentum while using bulldozing bear momentum. Pretty much every trader has advised me not to trade the news for a reason, and it is the advice that literally turned me about into making profits after two account blow ups. But I digress. Additionally, it helps to know that someone must only work 1 hour per week in Australia to be considered employed, and a quarter of our work force are casual...

The market is flawlessly performing within a bullish channel. A close over the upper bound will clean the path for a significant rally.