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AXY

AXY (Aussie Dollar) 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 dropped a lot aswell which tells us that both sides either delievered on contracts or took profit. today is known for monday manipulation, so like i said earlier trading the Aussie might not be a good move, as any big player entering their position might cause big waves in the market and casue big swings. what we do see is that Price got rejected off the major swing point and looks as if it might try to retest it. the Aussie should be a slow pair this week and if any moves take place it might be the bigger players placing orders. As far as me i will not be looking at the Aussie Dollar for anysetups this week. The 5 year bond rate for the Aussie is also not doing too much either to attract investors as its trapped in a support zone waiting to complete a harmonic pattern. Net Data- Commercials- Current == 7192 // previous== 43,641 Non-Coms - Current == (6,532) // previous == (36,575)
TVC:AXY
by ARegularGuy
AXY (Aussie Dollar Index) 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 orders by 5600 orders. So, unlike The Cables index the BXY the AXY looks to be adding orders to their respective opposite sides looking to switch sides. the Non-Commercials are looking at the same. NonCom longs increased their position long by 3300 orders while the shorts reduced thier side by 800 orders. Now lets remember the Non-Commercials are for profit and pay taxes as such, to where the Commercials are hedging for rate locks and profit protection from actual business they conduct inter-business-ly (if thats even a word) so as it stands for the Aussie the Net numbers are as follows: Commercials- Current = 43,641 // Previous = 53,852 Non-Coms - Current= (36,575) // Previous- (40,791) So, i reckon if you have any trades against the Aussie it might be a wise decesion to close them out and book profit or take small loss, i dont see the Aussie Weakening this coming week. we might see some minor drawdown but thats about the extent of it the the commercials are switching sides with the non-commercials. remember this is a long process becasue big business and banks just cant switch sides over-night it would crash the world economy so look at it as each week they take a big step toward the Zero Line and then swich sides. during this process we will see that pair get stronger and stronger and before you know it youre in a bull trend when everyone can see it then its time to switch sides again.
TVC:AXYLong
by ARegularGuy
Australian dollar AUD exposed vs 3 major global currencies. Monthly. It will end in the range box. The breakdown is valid. Retest is missing and is likely to occur next. Prior DM breakdown projection from the innermost shadow sends AUD into the range box. Top Absolute Correlation 1 AUDUSD - AUDCHF 93.3% 2 AUDUSD - AUDSGD 92.7% 3 AUDUSD - NZDUSD 92.1% 4 AUDUSD - USDNOK -90.9% 5 AUDUSD - AUDCAD 89.0% 6 AUDUSD - AUDJPY 88.3% 7 AUDUSD - USDSEK -88.2% 8 AUDUSD - EURHUF -87.5% 9 AUDUSD - USDHUF -86.4% 10 AUDUSD - XAUAUD -84.4%
by ICFX