Australian Dollar (At The Daily 618 Fib)The aussie looks like its ready to fall against most currencies. Im gonna try to find another buy entry on Eur/Aud , A sell on Aud/Usd , and a Buy on Eur/Nzd! Im gonna trade them all at 0.01 or 0.02 and use a 100 to 150 pip stop loss. I gained Hundreds of pips from the buy Thursday Night into Friday afternoon on Eur/Aud and Eur/Nzd and they both have bull hammer daily candles! by RlcTrading0
AXY to 65.00!Correct me if I am wrong! Flat bottom pattern is seen and it is expected to see the price retrace back to 65.00! Feel free to state your opinion! Cheers!Shortby NAVID_BOROUMAND0
AXY 31 Oktober 2020AXY is at support of descending triangle pattern. Doji appears at support, but stochastic has just entered an oversold area. Better wait for confirmation, if AXY is breaking the support.by linartowijaya0
AXY ( Australian Dollar Index )Trading now at 71.70 level Looks Bearish target intact 70.70 Advice : Sell at any high levels to achieve my target , good luck Shortby Reshad11663
AXY Short Trade IdeaLovely and pure setup by the Australian index. It is currently looking like it is forming a head and shoulders pattern within a smaller degree as a corrective structure. Wave 1 of the red count is an extended wave formed by a leading diagonal pattern and it is slightly longer than wave 3. This is normal provided wave 3 is not the shortest of all the three waves. I observe indexes to further inform currency pair analysis for a greater level and standard of confluence, this has served to be quite a helpful process. Let me know what you think this index for the week or two ahead if you observe and/or trade these, I would love to know and learn from a few perspectives. Let me know down in the comments section or the likes buttons if you like and enjoy my setups. I will be posting the progress below under the updates, do stay tuned. Shortby Theto_Morifi8
AXY Australia Dollar looking bearishkeep selling at the top part of the channel. set-up invalidates at the break out from the channel Unemployment rate on thursday July 16thby TradeWithGeorgeFXUpdated 2
Aussie moving up for long tooSame as Euro, Incase downmove happens, just a matter of corrections before continuing up.by YnF-FXTradingsUpdated 4
AXY (Aussie Dollar) Okay, So very interesting stuff on the AXY and their COT report. Both sides have take major steps back and the pair might not be safe to trade this comming week. Earlier this month the RBA decided to keep the interest rate at .25% and not raising the intrest rates any biasis points. so, as to why both sides have closed positions is unsual. the open interest dropped a lot aswell which tells us that both sides either delievered on contracts or took profit. today is known for monday manipulation, so like i said earlier trading the Aussie might not be a good move, as any big player entering their position might cause big waves in the market and casue big swings. what we do see is that Price got rejected off the major swing point and looks as if it might try to retest it. the Aussie should be a slow pair this week and if any moves take place it might be the bigger players placing orders. As far as me i will not be looking at the Aussie Dollar for anysetups this week. The 5 year bond rate for the Aussie is also not doing too much either to attract investors as its trapped in a support zone waiting to complete a harmonic pattern. Net Data- Commercials- Current == 7192 // previous== 43,641 Non-Coms - Current == (6,532) // previous == (36,575) by ARegularGuy6
AXY (Aussie Dollar Index) Ok, the Aussie currently is currently getting rejected from the major resistance level. there is no real harmonic pattern to draw so here is the COT analysis. i think the aussie might be making moves to switch sides the open interest increased by 3500 orders the Commercial Longs reduced their positions by 4500 orders while the commercial shorts increased their orders by 5600 orders. So, unlike The Cables index the BXY the AXY looks to be adding orders to their respective opposite sides looking to switch sides. the Non-Commercials are looking at the same. NonCom longs increased their position long by 3300 orders while the shorts reduced thier side by 800 orders. Now lets remember the Non-Commercials are for profit and pay taxes as such, to where the Commercials are hedging for rate locks and profit protection from actual business they conduct inter-business-ly (if thats even a word) so as it stands for the Aussie the Net numbers are as follows: Commercials- Current = 43,641 // Previous = 53,852 Non-Coms - Current= (36,575) // Previous- (40,791) So, i reckon if you have any trades against the Aussie it might be a wise decesion to close them out and book profit or take small loss, i dont see the Aussie Weakening this coming week. we might see some minor drawdown but thats about the extent of it the the commercials are switching sides with the non-commercials. remember this is a long process becasue big business and banks just cant switch sides over-night it would crash the world economy so look at it as each week they take a big step toward the Zero Line and then swich sides. during this process we will see that pair get stronger and stronger and before you know it youre in a bull trend when everyone can see it then its time to switch sides again. Longby ARegularGuy7
AUD Analysisas we can see this is without the fundamental analysis and there is not important news in this week on AUD so I think it will go down this week and also there is a buying saturation and therefore emphasizes the selling tradesby Mohamed-Nagy2