Tag Archives: Australian Dollar

Past (June 23rd, 2013) video analysis for GBP/USD, USD/JPY & AUD/USD forex, January 14th 2014

Hello Traders,

I am now publishing the Weekly video analysis for the GBP/USD, USD/JPY & AUD/USD forex pairs shared with my free Newsletter subscribers on June 23rd, 2013.

Hereunder is the video:

The material featured in the above video and the Blog education sections is related to and shows a new way to look at, study, analyze and trade high volume markets by spotting Algorithmic Trading footprints on price. The information and the methods presented are related to a framework used to “explain” price moves. The new approach helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they say they are doing). If you read and understand the information above, and follow my work, I promise you will learn to make the overwhelming presence of Program Trading in high volume markets working at your advantage. By learning how to spot the Algorithmic Trading footprints, you can gain a new, trading edge and finally beat Banks, Institutions and Hedge Funds, following a procedural approach.

If you like this video review, please share it with your friends and fellow traders (use the buttons at the end of the post). Thank you! …. Sharing is caring…

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for:

  • EUR/USD, Dollar Index, S&P500 e-mini and Gold e-mini;
  • the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY;
  • the other majors: GBP/USD, AUD/USD, USD/CAD & NZD/USD

plus other educational videos, news, articles and useful information. If you found the concepts presented above interesting and you want to see such concepts at work on the markets, please subscribe my free newsletter and also receive video analysis in daily and weekly reviews.

Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great weekend.

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AUD/USD Trading Plan, August 1st 2013 (English Language)

Hello traders,

please find in the following an update for the AUD/USD major pair.

In the previous review for AUD/USD (July 30th 2013) I had indicated only one scenario after the completion of the move lower. That move is now completed and price touched the 0.8910 level, as anticipated.

Now two potential scenarios could develop (please refer to below picture):

AUD/USD currency futures daily chart, August 1st 2013

AUD/USD currency futures daily chart, August 1st 2013

Scenario 1. Price could continue lower into 0.8850. Once it gets there, our model shows the possibility of a  move higher as indicated in the last review or;

Scenario 2. Further weakness and a continuation lower into the 0.8595 area before a potential bounce.

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If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

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AUD/USD Trading Plan, July 30th 2013 (English Language)

Hello traders,

please find in the following an update for the AUD/USD major pair.

In the previous review for AUD/USD (July 26th 2013) I had indicated the 91.20 as the line in the sand where the correction into the 0.95 area would have been aborted. Yesterday that level was pierced on the downside indicating renewed weakness for the Aussie.

In my opinion the larger target for the current move lower is at 0.85 (please watch the coming weekly review).

AUD/USD daily timeframe July 30th 2013
Picture: AUD/USD daily timeframe July 30th 2013

It looks like bears front ran the 0.9330 area of resistance having a target in the 0.8840 area. This are is close to the 2nd target of the current daily extension short in this pair, coming around the 0.8910 area.

Our model of Program Trading suggests some profit taking in the 0.8840 to 0.8910 area.
After and if that happens, we cannot exclude a retrace (profit taking of shorts) into the next area of resistance on the daily chart at the 0.9080 area. If bears participate in that area we could see new lows into the 0.8730 area.

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If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

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AUD/USD Trading Plan, July 26th 2013 (English Language)

Hello traders,

last Friday I worked on a trading plan for the Aussie forex major, i.e. the Australian Dollar versus the US Dollar and I am sharing it with you in this post. I think there is an opportunity evolving right now in this forex pair.

Please find attached the analysis for AUD/USD published on July 26th, 2013:

The AUD/USD is in weekly shorts in the longer timeframe and our model suggests a move into the 0.8550 area is possible in the coming month(s).
However, the pair may have started a move higher into the next resistance area which starts at the 0.9495 and extends up to the 0.9550 level.
The scenario of correction higher into resistance remains valid as price stays above the 0.9120 which acted as support in the last 3 days.

AUD/USD daily timeframe July 25th 2013

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AUD/USD Trading Plan, February 1st 2013 (English Language)

Hello traders,

this morning I worked on a trading plan for the Aussie, i.e. the Australian Dollar versus the US Dollar and I am sharing it with you in this post. I think there is an opportunity evolving right now in this forex pair.

Please find attached the video-analysis recorded in the morning for AUD/USD for today February  1st, 2013:

This pair found support in the 1.0380 area and can now move all the way into the top of the range at the 1.0580 area (please, refer to the below picture):

AUD/USD daily timeframe analysis and trading plan - February 1st, 2013

AUD/USD daily timeframe analysis and trading plan – February 1st, 2013

Entry is here (as I prepare the chart and record the video) above 1.0380 with a stop (aggressive) below 1.0370. A more forgiving stop (moderate) would be below daily lows, ie. below 1.0355.

A good long opportunity is unfolding here. Please let me have your thoughts. Thank you.

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AUD/USD Trading Plan, January 29th 2013 (English Language)

Hello traders,

this morning I worked on a trading plan for the Aussie, i.e. the Australian Dollar versus the US Dollar and I am sharing it with you in this post.

Please find attached the video-analysis recorded in the morning for AUD/USD for today January 29th, 2013:

The forex pair could have interrupted its sequence of measured moves lower, so I believe it’s due for a larger retracement higher.
However the levels around 1.0330-80 (see picture below) never traded and this has me worried because there is where professionals and Program Trading would participate on the long side.

AUD/USD daily timeframe analysis and trading plan - January 29th, 2013

AUD/USD daily timeframe analysis and trading plan – January 29th, 2013 (click to enlarge)

So I assume what it is going to unfold is just short covering and we have more downside (Scenario 1 below, is the more probable for me). These are the 2 scenarios I could identify in the short-term and going forward:

Scenario 1. If price sees 1.0430 area that would be a good entry with a stop below 1.0410. 1st target is at 1.0480 area, right a resistance. However, it is better to wait for confirmation before getting involved.

Scenario 2. Only if price moves above 1.0520 I will give bulls credibility. In that case price could dip once again into the 1.0460-80 area and then continue higher

A good long opportunity is unfolding here. Please let me have your thoughts. Thank you.

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If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

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NZD/USD review, December 10th 2012 (English Language)

Hello traders,

this afternoon I worked on a review of a new forex pair: NZD/USD.

I weekly analyze the AUD/USD (see below) and a subscriber asked me to analyze the New Zealand Dollar versus the US Dollar. Please find the video hereunder.

I regularly feature the AUD/USD pair in my weekly FibStalker View on Currencies (see an example here) I share with my Newsletter subscribers.

When analyzing the NZD/USD pair I quickly realized that this pair is not as technical as the AUD/USD forex pair that it resembles closely. The reason is the lower volume of exchange. I would definitely recommend trading the AUD/USD pair instead of the NZD/USD: they move in unison but the AUD/USD is much more technical, i.e. it responds better to the method of Measured Moves. Let’s get to the analysis. Please find hereunder attached the video analysis for NZD/USD:

The weekly chart shows a sloppy support in the 0.7430 – 0.77 area that did not hold at the end of 2011 but was defended in May 2012 (the same trace on the AUD/USD is neat, to further testimony of the higher volume of that pair). This area of support has a long-term target  0.9370 and we could get there if Dollar weakness is confirmed by the FED in the coming weeks.

On the daily chart the NZD/USD pair is moving in extensions. The last long setup is in the 0.7940 area and hit first target in the 0.8350 area already. The second target is above at 0.8570 and there is where price is headed. There is an inner support level at 0.8080 with a first target at 0.8470 helping price into the 0.85s. On the daily the last long setup was an extension showing support at 0.8190, first target at 0.83 (already hit) and a second target into previous highs at 0.8350.

If price keeps trading in extension longs in the daily chart the next level of support where adding to longs would be 0.8320 with a stop below 0.83, for a continuation higher.

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If you intend to use this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

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