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Deano9999 commented Jun 17, 2019AUD Short from 0.7016, and not oversold on the weekly chart. I've not yet had a reversal signal on the MACD even though the RSI is extremely oversold. 4hr retracement to the EMA is only to 0.6870 so be very careful about counter trading for a measly ...
Minutes of the Monetary Policy Meeting of the Reserve Bank Board
- Deano9999 commented Jul 25, 2017
This won't be enough to change sentiment on the AUD but it will fall a little. Always remember we are in a period of structural USD weakness so none of the USD pairs are going very far.
Consumer Price Index, Australia, Jun 2017
- Deano9999 commented Jul 4, 2016
Very neutral statement. No indication of a potential easing bias which suggests that 0.76 a possibility. Very mixed signals on the AUD at present so tight stops and short timeframes preferred.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- Deano9999 commented Nov 11, 2015
Red means high impact news, not red for sell. This result is ridiculous and there is significant doubt about the whole employment series, but who cares? Just trade what you see. This spike will meet the 4 hour 200ema at 0.7154, so expect it spike ...
Labour Force, Australia, Oct 2015
- Deano9999 commented Sep 1, 2015
AUDUSD currently overrsold but this isn't going to help. A break and hold below 0.70 on the 4hr would be a major sell signal. Next support is 0.6855 but this all but confirms a further rate cut, and the pair is heading for 0.6000 long term.
Australian National Accounts: National Income, Expenditure and Product
- Deano9999 commented Aug 17, 2015
Good call but there's no entry signal yet. Will probably spike into 0.74 again and get rejected with the 4hour 200ema at 0.7415 strong resistance. Short around there with a stop above the daily 50ema at 0.7470 and a target 0.7250 for a risk/reward ...
RBA Minutes of the Monetary Policy Meeting
- Deano9999 commented Aug 6, 2015
Forget the statement, its just noise and makes no difference to the technicals over the medium term. The AUDUSD is sitting right on top of the 20 day EMA, which it can't break and hold above. This is not a bad level (0.7380) to fade, with a stop ...
RBA Statement on Monetary Policy
- Deano9999 commented May 4, 2015
Note its also getting support from the AUDNZD cross. When this rolls over the AUDUSD will fall.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- Deano9999 commented May 4, 2015
Time will tell but I am short here for a small position targetting 75's but will add. It we get a swing fail at the high then that would be the ultimate big boy's play, screwing everyone.[/quote] It popped through 0.79 and pulled back, so this may ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- Deano9999 commented May 4, 2015
Doubt it. Bugger all reaction and this is the best the AUDUSD can do with significant USD weakness. Look lower.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- Deano9999 commented May 4, 2015
All references to further monetary policy changes now removed from the statement, suggesting this is the bottom of the interest rate cycle. Market has knee jerked higher as a result. Expect a drift lower as the broader implications sink in.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- Deano9999 replied Mar 7, 2015
Cheers Tom, very kind. AUDUSD Closed at 0.7711 with a beautiful MACD cross short on the daily chart. Look to a retest of the 3 Feb low of 0.7625 after some consolidation in the Monday Asian session. I would expect another dead cat bounce around this ...
Dragon Riders GBP/JPY
- Deano9999 commented Feb 16, 2015
The market is just using the lack of forward guidance as a bit of an excuse for a short squeeze, now north of 0.78 - big deal. The medium term trend is still lower so trade the reversal up if you like and then look for a good place to go short ...
RBA Minutes of the Monetary Policy Meeting of the Reserve Bank Board
- Deano9999 commented Feb 3, 2015
Agree entirely and I think we're on the same page. Simply saying that the RBA will cut rates again to send the AUD below 0.7500 (just don't know when) as imho commodity prices will continue to fall. The shuttering of 94 oil wells in the US is ...
Epic dollar squeeze erases AUD/USD losses
- Deano9999 commented Feb 3, 2015
I don't think so. The COT was screaming for this kind of adjustment and re-balance of the shorts in many pairs but especially EUR, AUD & NZD. That said I'm not yet getting any exhaustion signal from the squeeze, but probably will later today. In the ...
Epic dollar squeeze erases AUD/USD losses
- Deano9999 commented Feb 3, 2015
Check the oil price. This is driving USD's money back into the Dow, S&P and commodities, so its an overall risk on day. It happens, so if you don't want to trade the counter move then wait for the main trends to resume - don't sweat it. Finally got ...
Epic dollar squeeze erases AUD/USD losses
- Deano9999 commented Feb 3, 2015
Yep thats the long term target.
Aussie Falls Toward Stevens’ 75-Cent Target After RBA Cuts Rates
- Deano9999 commented Feb 2, 2015
Just don't trade the news itself, trade the aftermath when the trend is clear. Trade what you see, not what you think.
How To Trade AUD Into RBA? - Views From 15 Major Banks