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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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AUD/USD Archive
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AUD/USD Gaps up after China Depegs RMB to USD
Posted on June 22, 2010 | No CommentsChina unpegged the yuan (RMB) to the USD, ending a 2-year freeze, since July 2008. The market felt that if the Chinese currency is allowed more flexibility to appreciate, the rise in purchasing power could be positive for the economies of Australia for example, whom... -
AUD/USD: Finishing Up Wave (c)
Posted on June 18, 2010 | No CommentsThe previous post was right, the bearish divergence was followed by a very weak decline and the last 4H candle signals another bullish attempt. This sets up a positive reversal, and points to just below 0.6750. This is now the target for this correction wave... -
AUD/USD – Bullishness Continues
Posted on June 16, 2010 | No CommentsAfter 3 strong attempts over the past couple months to break past the 8100 level the aussie dollar has begun to recover some of the losses it occurred in the month of May. Since June 8th, the aussie has managed to maintain a strong bullish... -
AUD/USD: Bearish Divergence May be a Bullish Signal
Posted on June 16, 2010 | No Comments4H: Indeed the AUD/USD may be in wave 4′ as discussed in the previous AUD/USD update. The rally has topped off, an indication of wave 3′ completion. I can’t be sure that wave 4′ has not already been complete, but most likely wave 4′ would... -
AUD/USD in Wave 4′?
Posted on June 16, 2010 | No CommentsDaily and 4H: In following the AUD/USD, we are still looking for a wave 4′ of wave (c). Wave 3′ has definitely been developed or is still developing, as the RSI in the 4H time-frame went above 60. We may then, be in a wave... -
AUD/USD Quickly Developing Wave (c)
Posted on June 15, 2010 | No CommentsThe AUD/USD pair has been developing a wave (c). At conclusion of (c), we may have concluded wave 2 of wave C. A wave 3 decline could initiate if the current rally tops off under 0.89 (61.8% retracement). However, wave 2 can go back up... -
AUDUSD: Bull Pressure To Aim at The 0.8704 Level
Posted on June 14, 2010 | No CommentsHaving violated out highlighted target at its May 28′10 high at 0.8550 and confirmed a bottom, we are seeing risk of further strength towards its May 06′10 low at 0.8704. This bullish follow through is coming on the back of its strong weekly upside momentum... -
AUDUSD: Corrective Strength Set To Break The 0.8550 Level
Posted on June 12, 2010 | No CommentsWith a higher weekly close wiping out its previous week gains the past week to close at 0.8499, risk of a recapture of its May 28′10 high at 0.8550 continues to shape. The implications of this break is that it will confirm a bottom (built... -
AUDUSD: Break of The 0.8550 Level To Confirm Bottom
Posted on June 12, 2010 | No CommentsWith its corrective recovery rally remaining intact after testing a high of 0.8508 on Thursday, threats are seen towards its May 28′10 high at 0.8550. A break of there will confirm a bottom(built after three failed downside attempts) and open the door for more strength...