Another catalyst for the downtrend to resume.

AUD/USD

As mentioned, bull trap in play. If daily candle closes below 0.71, then this bull trap is confirmed and downtrend will continue.

AUD/USD

Dovish statement. Typical bull trap in play.

AUD/USD

Earlier move is a typical bull trap, to clear out the bulls. Long term trend is still a bear, price still resisted by 0.71 levels. The bull traps also confirm that higher price are levels where bears will load up their shorts position. FOMC this ...

AUD/USD

This is getting easier and easier. Shooting star, just short it! Again, previous support becomes resistance. 0.705 remains to be capped where bears load up their shorts position. Below 0.7, bears load up more shorts, thus causing price to move ...

AUD/USD

Do you know that global market turmoil means lesser manufacturing activities, which means lesser demand for raw materials? Who produce the raw materials? I think its Australia.

AUD/USD

True enough. 0.7 resistance holds true. Price continue to move downwards after NFP and even made new lows. Therefore 0.7 will serve as a strong and important resistance for bears to continuing loading their short position.

AUD/USD

I guess by now bears have been confirmed as price stayed below 0.7 and today new lows have been made. NFP will be the catalyst to drive Aussie further down. 0.7 will becomes resistance where bears will add to the shorting trains. If not 0.704 will ...

AUD/USD

As we speak, price falls thru 0.7 again. If price stays below this level, this level which is former round number support may turn into resistance.

AUD/USD

My view today: 0.7040 to 0.7060 (yesterday high) will be critical levels to watch. As far as yesterday move, 0.7040 resistance still hold pretty well and served as a bull trap in that move. Whatever, we might test 0.7040 again for bears opportunity ...

AUD/USD

Well for sure, price got resisted by former support 0.704, which means bearish. If 0.7 can't hold, we will be in the bear's territory for even lower again.

AUD/USD

This previous support turn resistance at .704 holds true. Price is turning down upon hitting this level. Downtrend resume.

AUD/USD

Do note that previous support at .704 has turned into resistance earlier today. This is another point which more bears will load their positions.

AUD/USD

The bears are not exhausted yet. Since we broken below 0.7 today, therefore making new yearly lows, very high chance that there will be further bearish movement. Again, all rallies are opportunity for more bears to load their short position. This is ...

AUD/USD

Support .7040 broken. If previous support tested again, opportunity to load up more shorts. Support turns resistance.

AUD/USD

Bad ISM numbers yet AUDUSD failed to recover, another point to note its weaknesses.

AUD/USD

Elliott Wave Analysison AUDUSD url

AUD/USD

Always trade with the trend. There is no reversal of trend sighted for this pair for a very very long time. Also, do note that any slight rally in this pair is opportunities for bears to short it down. Important to know that monthly trend already ...

AUD/USD

Hi T@rantula what is your view on EurUsd that it was earlier bullish move despite GbpUsd and AudUsd shows weakness? Thank You.

Spider's Den

Price testing last support before the great fall.....

AUD/USD