or just wait until around 7am US ET when the US cranks up for the day and fresh money kicks in... the Euro bulls (on the EUR/AUD cross) are prone to ducking for cover around this time of day, because they know that the competition has arrived and is ...

AUDUSD for informed traders

Euro data out of the way now, this could be a good moment to long AU, CAD data coming up and expected positive. AU and CAD are sister comm dollar currencies. Can be a positive effect for both when one has good news. Also with a nice bullish day in ...

AUDUSD for informed traders

Agree re the overkill. Market is driven by people, emotion does play a role, but usually they get over it, and when they do, it's a mega backflip on the negativity when the extent of the over-reaction becomes clear. There's a lovely gap on the cross ...

AUDUSD for informed traders

OK bears prowling on the cross now, I'm long au just under .98, let's see where she goes.

AUDUSD for informed traders

Nice chart USD Bear, good luck on the trade. I'm waiting still, want to see some bearish activity on the cross first. Don't generally trade AU long until the cross bears make an appearance, insurance that market as a whole has shifted sentiment. But ...

AUDUSD for informed traders

With the rebound in equities today, it may be that market has already cashed out sufficiently ahead of the quad witch. Market can pump AU ahead of the weekend swap.

AUDUSD for informed traders

Keep the Quad Witch in mind - tomorrow (Friday). Quad Witching - This is the day when contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire once a quarter. Quadruple witching days occur on ...

AUDUSD for informed traders

Volatile day, possibly more ahead with the US core CPI (contraction expected), US unemployment numbers (expected positive) and then Philly Fed (expected negative). Often the USD will do well in the lead up to CPI data, but so also can the Aussie as ...

AUDUSD for informed traders

Keep a watchful eye on the Kiwi and the EUR/NZD cross as well. Often the Kiwi will move ahead of the Aussie (because it is cheaper and easier for institutional traders to move price on this than the AU major), as is presently happening. It will ...

AUDUSD for informed traders

The stair step up principle in a bull market - on a 15M or 30M chart you can observe how price will retrace to the previous resistance point, hold, then move north to eclipse the previous candles, then repeat the cycle - retrace to resistance ...

AUDUSD for informed traders

Please see the new AUDUSD thread I have just started. Ely has already been banned from posting to it. Civilised traders wishing to discuss AU without the aggravation are welcome to use the new thread. url

AUD/USD

Let's look at the chart and see what it (and the rest of market) is telling us... Back inside the ascending wedge Approaching the nexis point Triple bounce on support @ .9960 Intense consolidation since January - sizeable collection of compressed ...

AUD/USD

yw jezek5 AU is considered one of the 5 "majors" because of the volume of heavily traded traffic Here are some links to articles I've had published in Forex Journal perchance you want some light reading over the weekend url url url url

AUD/USD

Yes it is indeed beautiful. Government employee pay day on Thursday. Friday morning the overnight payments have cleared, pension and superannuation funds get a big injection of fresh capital. Hmmm, where to park it for maximum ROI. Is there a vested ...

AUD/USD

The PA on AU isn't manipulation, but inexperienced traders of currency who normally trade stocks and think the two markets are the same, would of course think that. AU is far more closely correlated with the S&P and DJIA than any other single ...

AUD/USD

AU is unlikely to break out above 1.02 until UJ breaks below the trend line support (see chart) aka carry trade and the measure of risk appetite. Nice bear candle on UJ today. The inter-relationships between different pairs and the co-dependence ...

AUD/USD

UCHF is a heartbeat away from breaking the triple bottom... hmm, who will be buying USD when that happens? omg, that's right. no-one !! (unless the SNB has another deep pocket up it's sleeve)

AUD/USD

Ascending wedge and bull stick sandwich candle formation on the weekly - if price was going to head south, it should have done so last week, instead we now have two bull candles sandwiching a bear candle, and an ascending wedge pattern. Price will ...

AUD/USD

Looks that way doesn't it? But, ya know, I'm not convinced there is too much more north in this. Some likelihood that gold and silver will head south as money shifts into asset class currencies. There's resistance in the 1370-75 region, but thinking ...

XAU/USD Spot Gold