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- PA is King commented Jul 8, 2015
Maybe, maybe not... Three close resistance levels at .7450, .7480, .7500. That's assuming it even can rally.
Australia Labour Force
- PA is King commented Jul 8, 2015
Yeah, I was the 1 hour candle late US session yesterday...3pm eastern. Euro rallied Late US afternoon as well.
Asian shares retreat; Greece, China woes in focus
- PA is King commented Jul 7, 2015
We had a small rally/stop hunt earlier up to .7475. And then sellers stepped in again, evident on the 1hr pinbar. So that was the cap area...price could even stay above .7450 after that. Stick with selling the rallies.
Asian shares retreat; Greece, China woes in focus
- PA is King commented Jul 7, 2015
Aussie is now down 750pips since the fake rally in the middle of May. It's down 450pips since the middle of June. It's down 3 straight weeks and 5 straight days. That's a lot of selling! At some point the market makers will rebalance their ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Jul 7, 2015
While price is at multi year lows, it's hard to accurately predict the next move...it does appear Aussie is heading towards .7100-7300 based on the monthly chart.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Jul 7, 2015
As I mentioned yesterday, url Aussie Just couldn't stay above .7500and stalled there again after RBA news. Price Action is victorious again...selling Aussie works again.
Hope some others caught the move down...Happy Trading!Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Jul 6, 2015
Same old neutral comments as usually. I expect further AUD selling....but my method requires a rally to well( Not going to sell at the lows). So I'llprobably miss this move down.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Jul 6, 2015
If it went up to .7588, I'd be selling for sure. Price spent the entire month of June bouncing off support around .7600, we'd be very lucky to get a retest of that prior support which should become resistance. But I see no reason right now for it to ...
Australian PCI: Residential Growing, Engineering Slowing
- PA is King commented Jul 6, 2015
That might work...I'm looking for another rally to sell. I like that we got another Daily pinbar earlier today.
Australian PCI: Residential Growing, Engineering Slowing
- PA is King commented Jul 6, 2015
Well, that could be true. But I can't see things getting any better by staying in the EU with the conditions that will be placed upon them.
Greece will not be getting any more cash from the ECB
- PA is King commented Jul 6, 2015
Nope, another hit to the AUD and down 50pips from Monday's highs. Perhaps the RBA tonight can give a boost to the AUD!
heheAustralian PCI: Residential Growing, Engineering Slowing
- PA is King commented Jul 6, 2015
Not sure how much gold affects Aussie...but after 3hrs of rallying early US session, the Aussie has sold right back off for 4hrs now. Once again, selling rallies puts the odds in your favor.
Gold: It’s Groundhog Day All Over Again for Frustrated Bulls
- PA is King commented Jul 6, 2015
I see short term pain for long term gain with the "No" voters. I hope they break free from the Eurozone and better themselves.
Greece will not be getting any more cash from the ECB
- PA is King commented Jul 6, 2015
Just an update on what I see with price action...the Sunday gap filled(just like last week and went a little higher). Price has also retested the broken support at .7500 area and is having a hard time staying above it. One other thing to note...both ...
Greece ‘No’ Vote to Spark Haven Rush as Euro Slips With Aussie
- PA is King commented Jul 5, 2015
Very good question. I saw it going to .7500. Now I need to wait and see how it reacts. The gap is filling right now.
Greece ‘No’ Vote to Spark Haven Rush as Euro Slips With Aussie
- PA is King commented Jul 5, 2015
Nothing beats price action!!!! I saw it on the charts a few weeks ago and called it. .7500 was inevitable!!!
Cheers!Greece ‘No’ Vote to Spark Haven Rush as Euro Slips With Aussie
- PA is King commented Jul 3, 2015
its funny how quick people on here laugh at or insult me, whether a few days ago or a couple weeks ago when I said Aussie was heading for .7500. Yet not one of them can acknowledge I was right nor can anyone else post a positive comment. I hope one ...
Australia retail sales disappoint for 3rd month running
- PA is King commented Jul 3, 2015
Well well, the euro and pound are heading up while Aussie is heading down. Even with all the Greek drama and not that much good euro data, euro still goes up. Nothing but Aussie selling for three straight days now. And that's how the market is ...
Australia retail sales disappoint for 3rd month running
- PA is King commented Jul 2, 2015
Selling rallies works again!
we haven't been this low since the middle of April...come on .7500!! Carry on.Australia retail sales disappoint for 3rd month running
- PA is King commented Jul 2, 2015
Depends on which of the 25 economists you want believe.
The Australian dollar is now seen trading at fair value, economists say