This is futures, not spot pricing. Please see the other chart (link below) for the larger view.
So far this has worked perfectly.
Still want to see .78 before the large short, but we may fail short of it.
This is an update to the expected Aussie dollar reversal which I have been monitoring for some time now.
The level price is at, is a very significant one, which I don't think will be easy to break.
I posted a short term long setup in one of my charts, but I didn't publish a long setup chart after the ones I had before failed.
This time, I suggest waiting for the...
After analyzing the vixfix spikes and 75% retracement levels, and their effects on price when retesting said levels, and contrasting these to the time at mode signals on this chart I concluded that the downtrend in the Australian dollar might be short lived, althought potentially very steep.
I projected two targets on chart, as well as the different potential...
Analysis on chart, we had a bearish trend signal that has been consumed, price hit the target and is starting to reverse.
We can attemp buying above the 0.7061 mark if trading futures, or 0.70624 if trading spot forex, with the stop loss at 0.6905 and 0.69087 respectively.
Rgmov in the spot chart looks really good, forming new highs, sharply, might be an emerging...
Long Term 25 year Monthly chart shows historic low support basis A6U2015 @7345. 50% retrace to exit @9170
Daily chart shows 1,2,3 or a,b,c bottom formation.
Went long first @ 7426 then 7369 with E-Micros for an early base exposure.
Current Stops on both positions just bellow contract low of 7345 set at 7344, around $130 total risk.
Will go Long again Micro @7274...
Looking at the majors in e-mini Forex, here is a quick synopsis of potential price action - Black levels are model-based R/S level projection; Colors are TG-Hi/Lo in red and TG-Hix/Lox in purple.
$EUR vs. $USD:
Expected to lose ground against USD. A hard structure stands at 1.1538 to invalidate this bearish outlook. In opposite, a softer ground at 1.1267 would...
A lot of traders have taken interest in the AUDNZD cross since 2014 as prices have reached a level around 1.04/05 that's held firm since 1979. While we may see another bounce off 1.035 in the coming days, recent price action suggests a risk of diving further towards multi-year lows before a true bottom can take shape. Looking at a monthly chart over the past 16...
The AUDCHF cross has caught my eye because prices started rebounding off their 2011 lows after the SNB event in January. The fundamentals remain bearish given the Swiss franc's strength and the RBA's monetary policy. The technicals suggest however that this pair could hold above 0.63 CHF with a long-term channel support around this level. This is definitely...
The AUD/USD was on my list of currencies but I screwed up by not watching the pair. There was a nice swing short opportunity on Jan 28th off a nice chart pattern/monthly resistance.
Look for a pullback as some big boys cover their shorts periodically and some more flush selling as Central Bankers are taking turns cutting rates.
RBA Governor says that the Aussie...
USD is taking a breather ahead of the Fed statement on Wednesday. Looks to be we may have a (minor) reversal that is tradable for a few ticks. I entered at 79.10 and am looking to exit at 79.47.
