AXY trade ideas
AXY - AUD Weakness Expected? Sorry for the mess of a chart.
We are expecting AUD weakness over the next few weeks.
AUD/XXX = \ bearish
XXX/AUD = / bullish
*Generally, (XXX) matters just as much!
CNY, AUD and NZD correlations explained !The reasoning behind this very important set of correlations!
AUD index - start to an uptrendUpdate chart 12/2018
* Count wave by Symmetry's waves rule.
* Targets are calculated by Elliot's wave rule.
* Reversal zone is 120%-161.8% Fibo Extension of the Current magnitude (stop loss).
* Swing zone is copied from the previous Magnitude.
Aussie index analysisCatch an eye AXY can break red line or not
if can not will confirm bearish again and form Bearish Flag
AUD Sell Opportunity, Decisive Bearish BreakoutAUD index fell sharply below major support, as the dollar continues to bull. Look to short AUDJPY & AUDUSD as market sentiment has turn bearish on the Australian Dollar.
AUD pulling back to resistance lineAUD is in bearish trend since 1972...now it broke out of a small bullish mini channel and is going to test its former support, now a resistance. Expect a bearish rally after it reaches the trendline / 200 EMA. At the moment, just for some days, you can go long on AUD pairs (where AUD is a base currency) short where AUD is quote currency as GBPAUD. But keep in mind where the other currency in the pair is going too.
Australian dollar - short term longI was asked about AXY 0.22% 0.22% - Australian dollar 0.11% 0.11% index (basically same thing as AUDUSD -0.10% 0.03% as they move in sync) so here you go guys. We had bullish hammer on daily (off the support level and 21 ema of Bollinger bands ). Bearish Elliot wave sequence 1-5 completed and what we are seeing now is ABC zigzag correction, that is pullback to previous Fibonacci arc . From there a new Elliot bearish wave sequence 1-5 will start. Its just short term long. I put my stop below 4 hours bullish morning star´s tail at 73.584 ( AUDUSD -0.10% 0.03% ). Once price reaches the Fibonacci arc it will be a great shorting opportunity (3 big bearish impulsive waves) to the next Fibonacci arc . Elliott , Gann and Fibonacci - were all right as they agree with each other. Price moves in Elliott waves between Gann angles and Fibonacci sequences. PS I couldnt fix the scale properly (even after I lock the scale Gann angles and arc still move after I press publish). But you got my point...There is a downward trendline, which agrees with Gann Fibonacci and Elliott analysis, thats where it goes...
AUD long time index neowAVE SCENARIONext probably motions of AUD index has been shown by neowave counting method... The first TP is 101 unit in the shape of A wave of triangle.... So, in the long time it is practical to rising some symbols such as #AUDJPY
1D AUD indicies.LongLong with buy limit order. a verry soon can start selling xxxAUD pairs and buying AUDxxx pairs. for a long term investment.
