always important to observe what's leading the price action...until now it's still about USD volatility today. Observe the same chart patterns across most usd pairs.

AUD/USD

It seems to be having a bit of difficulty breaking back above the 100hour ma, although the bounce off is getting shallower after each try. For the downside there's still the rising 200hour ma, 50% fib and rising trend line to break. All things taken ...

AUD/USD

Depends on what time frame you're looking at. Long term yes, short term we're still bullish until it changes clearly. The aud bounced off the lower uptrend line support and 50% fib of the April range7634-7836 at exactly 7733. The 100ma at 7765ish ...

AUD/USD

I was looking at that level too and it seems to have held so far. Personal evaluation is that the rapid move was usd related..all running to buy usd following the ecb drama. Give it a few hours to cool then we will have more clarity. Imo the Bulls ...

AUD/USD

hmm, still muddy waters. Probably will close the short in awhile if it doesn't make any progress downwards. Market looks undecided. For all we know when the fix begins we could see it run up again.

AUD/USD

announcing your length to everyone here? anyway, i get you. im very tempted already too. waiting for 7826, but if it breaks i'm going to stop myself out immediately cos the upside risk still exists.

AUD/USD

seriously? i gambled on the short at 7790 earlier but ditched it. i think as europe goes into lunchtime it may drop a little, but looking at the price action im quite certain the US open is going to drive it up once more. good luck on you bro, maybe ...

AUD/USD

yeah, agreed. the reversal came at a time least expected and went really strong. commodities are still down, oil hasn't really changed direction since earlier today. just awhile ago i was afraid of going long...you'd think the bulls need a break ...

AUD/USD

Omg that was indeed a gamble that hasn't paid off so far.. Aud Bulls are just too confident.

AUD/USD

whatever, I'm going short now. This ones a little bit of a gamble!

AUD/USD

It will probably retest 7800 again, but beyond that nobody knows.

AUD/USD

7800 should be a little tougher to break. Might be able to have some fun scalping the swings beneath. That said, cautious about a slight retracement before it marches across 78 cos there has barely been any correction since it took off from 7640 ...

AUD/USD

took a short from 7657 a few hours ago targeting a scalp of 15-20pips to the lower trend line at least. Although it has risen +27pips against me now not gonna close out yet. A few possible negative scenarios for the aud today with Aussie consumer ...

AUD/USD

politics, politics. But I still believe they will consider cutting rates at least once more in the near future. They've made a couple of references of their discomfort towards the "current exchange rate" plus they've also said they believe the ...

AUD/USD

sell the rally! A dovish Yellen only reinforces the possibility of the RBA leaning more towards cutting rates if the Aussie remains where it is. Traders will certainly have that in mind.

AUD/USD

hmm, i still feel the UJ is too unclear for anything longer than a scalping of a few pips. The uptrend has been quite persistent and could break 114 and head upwards to goodness knows where. On the other hand the threat of a sudden flight to safety, ...

USD/JPY Discussion

question.... Do any of the brokerages you guys use close early for the weekend? Mine closed at 1000UTC (i.e. Can no longer execute trade instructions) which is unusual. They did publish in advance that the "markets" would close at that time. For ...

USD/JPY Discussion

Imo it does make sense if it hits 115, the risk is there cos of the gap up to the 120s. Question is whether it will reach 115 before turning down deeper south with the existing factors in sight. I'm more inclined to want to enter short only from 114 ...

USD/JPY Discussion

In hindsight, going long usj appears to have been a way too easy trade... Looking back, every dip was rapidly bought up to a higher peak giving bulls little chance to even worry. I'd like to join the party now but I feel it's a little late. Where's ...

USD/JPY Discussion

still mixed signals I suppose. Failed to get back below 200hma, dipped below lower short term trend line and then went back above (I'm gonna start ignoring that trend line anyways). Yet again buying doesn't seem sustained. The rise of the usd versus ...

USD/JPY Discussion