FF journal: Peaks and Troffs
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EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
DislikedWouldn't be surprised to see a temp reversal later this week Back up to 1.0300+ levels. At these current levels, i'm sidelined to see if we get another leg down first. With AU i will always favor the down side because almost every week i see someone or some bank saying that aussie is the most overvalued currency in the world.Ignored
Dislikedas far as i know they saying it last 2 years, pa in no man land waiting for londonIgnored
DislikedI think i have heard that aussie is overvalued ever since its been above parity. And as far as listening to banks sharing trading signals, i Never listen. But when you have an overall consensus saying "overvalued" you would be fighting the market to beleive otherwise.Ignored
DislikedLast limit order filled at 1.0280 (short -7C)
Target
1: 1.0220
2:1.0165
I don't think on the extreme we will see 0165 today but 0220 is very plausible I will let NY do its thing of selling into into the first 2hours of the open and we come back to London open levels.Ignored
DislikedLast limit order filled at 1.0280 (short -7C)
Target
1: 1.0220
2:1.0165
I don't think on the extreme we will see 0165 today but 0220 is very plausible I will let NY do its thing of selling into into the first 2hours of the open and we come back to London open levels.Ignored
DislikedI am seeing the contrary, AUD on 4 hour is still consider to bounce off on the so called trend line.
Data was alright though lower than expected, AUD is doing much better than US and EUR at the moment given such period. AUD is also the current reserve currency CHINA, RUSSIA and etc are keeping for, it have better carry trades swap, and fundamentally its more sound.
AUD is behaving the way it behave last week wednesday or even thursday, it just keep propelling higher. Today's is 3x swap if you were to sell at this level and hold. I am not saying...Ignored