$AUDUSD at May 2010 Low Key Line$AUDUSD is sitting on the 0.8047 Support which is the Low of May 2010. Where will it be going ? Will this support hold ?Can we say this is the bottom ? Let watch this line more closely.
6A1! trade ideas
AUDJPY Long-Term Double Top?A long-term look at the AUDJPY cross allows us to see a clear trendline resistance at the 101.70 level. Now that the market has fallen 400 pips after coming close to its 2013 highs in November, a long term double top seems possible. In a similar idea, I suggested a USDJPY reversal for the beginning of 2015, which I also see with the AUDJPY cross now.
A61! short entryFrom bulish shark, rebound(50% is likely)
0.9343, near 20ma
There could be Short entry,bcause trend turned
watch for the emerging crab
I choose 0.934 entry, to 0.92, stop avobe 0.9386
Trading Idea AUD/USDTrading Idea AUD/USD 2014:
limit buy 0,8830
stop loss 0,8635
take profit 1,0090
risk_reward_ratio 6,52
Aussie long 6A (AD) Aussie is getting stronger. 20MA crossed the 50MA - bull trend. Recently retraced to the 20MA. The trend up could resume soon. Pull back to 0.88-0.87 is possible and would be ideal to enter long otherwise I'll buy at trend-line breakout targeting 0.94 in one month time.
Testing the double window set-up
Long Aussie6A (AD) Aussie is getting stronger. 20MA crossed the 50MA. Recently pulled back to the 20MA. The trend up could resume soon. Buy at trend-line breakout targeting 0.94 in one month time.
AUSSIE LONGAussie has bottomed. The monthly chart is showing that we have reached a support inside a long term channel . The daily chart again has multiple supports in action here. A bounce to 0.90 level is in the cards at this point.
Aussie monthly chart The Aussie is setting up for a buy. Monthly chart showing an interesting support level.
AUDNZDRunning out of steam to the downside. has been following the 2003 A6/N6 spread very well, weekly RSI oversold turning back up. A lower low would be tremendously bullish
Will the "Aussie" follow the Yen !! I don 't trade Forex, but a friend of mine showed me this chart here of the Aussie dollar futures vs Japanese Yen Futures. The correlation is pretty good . My question for the Forex traders here, do you expect the Aussie to follow the Yen ? By just looking at the chart, I'm tempted to go short. ( Aussie in Blue )
Algo
AUSSIE LONG DAY TRADEAussie reached support. Today price action is showing that the bulls are in control. Trend line and gann fan line are giving support. I would do a day trade and close at the 20MA. Reward/Risk is not the best but it is a high probability trade!
