keep selling at the top part of the channel. set-up invalidates at the break out from the channel Unemployment rate on thursday July 16th
Same as Euro, Incase downmove happens, just a matter of corrections before continuing up.
@DXY- POSITIVE-NEUTRAL @EXY- NEUTRAL-NEGATIVE @SXY- NEGATIVE @JXY-POSITIVE @AXY-NEUTRAL-NEGATIVE OBVIOUS PAIRINGS ARE: LONG PAIRS: USDCHF, USDCAD SHORT PAIRS: EURUSD, EURJPY,AUDUSD,AUDJPY
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...
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...
as 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 trades
The Australian dollar index is in a declining general trend since 2011, but it broke the trend line and returned to test it unless it broke its resistance 71.6 and trades above the trend and returns inside the symmetrical triangle and its target is resistance 81 .If, however , the trend is tested and traded beneath it, its target 53/41 we wait for this joint point...
Wait for price action to test 64.0. Non-Commercial Traders have been dumping the Aussie Dollar for over a week. Price action is testing the bottom of this 4 Hour Chop Block. Yet, the pair is still relatively neutral. Breaking 64.0 will be a major move and a possible indication of long-term direction. The entire move is a near .886 of the March 9 High 64.7....