Essential and robust reasons for a bullish move: 1-RATE CUTS are coming soon! Everyone knows it, but big players want you to be a SELLER! ( THEY BUY). 2. The COT date confirms this! (Commercials are BUYERS! While non-commercials (poor trapped traders) are sellers). 3. Many strong support lines, levels, and patterns push the price up. ( Head and shoulder, two...
February stats were against USD, and rate cuts will have a long-term influence. COT confirms that big players have bought their currencies and sold many USDs! BE CAREFUL! USD might dip drastically.
You see the coincidence of many strong factors that will cause a 99% upward move. US Rate cuts are in the way and many fake sells are actually provide liquidation for buyers.
This serves as a follow-up to my earlier concept. The cup pattern appears to be materializing. The subsequent stage involves the formation of a descending parallelogram, and upon reaching the trend line, the upward bullish momentum is anticipated to persist. Note that there is still a significant chance of having the second scenario.
AUDUSD will be bullish in the long run. This has been hindered by some contradictory behaviors of the FED, but rate cuts are in the way, and this will weaken the USD for a long period.
You should be on sale now until 50% fibo. Then having a confirmation, we will buy and wait to see what happens.
This is now the most probable scenario. More rise in the price is out of capacity. The imbalance at the bottom levels is hindering the price from moving up.
The confluence of many resistances together will push the price upward. COT is also toward BUY in AUDUSD.
The confluence of many resistances together will push the price upward. COT is also toward BUY in AUDUSD. Don't sell; they need you as prey for your cheap AUD.
At the moment, I predict an upward move for the price to gain more momentum for the same downward move. We probably need to reach 0.66. Opened my buy positions!
At the moment, I predict an upward move for the price to gain more momentum for the same downward move. We probably need to reach 0.66. Opened my buy positions!
Price has temporarily risen to gain momentum for a deep, bearish move down. Without such a huge drop in price, big players can't buy small players' sales positions down there fill their pockets with cheap AUD, and sell it gradually in the next months to the same traders who sold their own AUD for a lower price! So, buy at the bottom and not here. Now it is a...
AUDUS, in my opinion, is going up to gather enough sell orders to be able to have a significant fall.
Big buyers are still not on board. They are not in rush, the train is gonna return for them!
It's now time for institutions and banks to sell their expensive Euro and Buy chip USD!!!
Big players manipulated the price. What we saw in the last few days was a scenario for moving the price up!