AAAustralian Dollar Currency Index
65.06USDR
+0.26+0.39%
At close at Jun 18, 22:22 GMT
USD
No trades
AXY trade ideas
AXY On Bullish RunThe AXY has broken above 73.1, a significant resistance area now turned support, so we see the Aud growing stronger in this month on its way to welcoming its new year.
Well, I will have to start reading some digital newspapers as this now would work on the Dollar's price-movement. And also, some attention to Oil news.
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At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Australian Dollar (At The Daily 618 Fib)The aussie looks like its ready to fall against most currencies. Im gonna try to find another buy entry on Eur/Aud , A sell on Aud/Usd , and a Buy on Eur/Nzd!
Im gonna trade them all at 0.01 or 0.02 and use a 100 to 150 pip stop loss.
I gained Hundreds of pips from the buy Thursday Night into Friday afternoon on Eur/Aud and Eur/Nzd and they both have bull hammer daily candles!
AXY Short Trade IdeaLovely and pure setup by the Australian index. It is currently looking like it is forming a head and shoulders pattern within
a smaller degree as a corrective structure. Wave 1 of the red count is an extended wave formed by a leading diagonal
pattern and it is slightly longer than wave 3. This is normal provided wave 3 is not the shortest of all the three waves.
I observe indexes to further inform currency pair analysis for a greater level and standard of confluence, this has served
to be quite a helpful process.
Let me know what you think this index for the week or two ahead if you observe and/or trade these, I would love to know
and learn from a few perspectives. Let me know down in the comments section or the likes buttons if you like and enjoy
my setups. I will be posting the progress below under the updates, do stay tuned.
AXY (Aussie Dollar) Okay, So very interesting stuff on the AXY and their COT report. Both sides have take major steps back and the pair might not be safe to trade this comming week. Earlier this month the RBA decided to keep the interest rate at .25% and not raising the intrest rates any biasis points. so, as to why both sides have closed positions is unsual. the open interest dropped a lot aswell which tells us that both sides either delievered on contracts or took profit. today is known for monday manipulation, so like i said earlier trading the Aussie might not be a good move, as any big player entering their position might cause big waves in the market and casue big swings. what we do see is that Price got rejected off the major swing point and looks as if it might try to retest it. the Aussie should be a slow pair this week and if any moves take place it might be the bigger players placing orders. As far as me i will not be looking at the Aussie Dollar for anysetups this week. The 5 year bond rate for the Aussie is also not doing too much either to attract investors as its trapped in a support zone waiting to complete a harmonic pattern.
Net Data-
Commercials- Current == 7192 // previous== 43,641
Non-Coms - Current == (6,532) // previous == (36,575)
