short interest — looks like we're getting shorts accumulating on every burst higher this is an explosive move.

AUDUSD for informed traders

USD lows — I've noticed a slight difference this time around on this USD low it might be worth looking into further but in 2008 USD short positions were running at 97% at their peak. When I look at the USD pairs now on the majors ...

AUD/USD

Latest move — Amazing what moves you get when too many are short, also, the moves are way more than the usual average daily range when you see that you know it's a short squeeze or major news. The upper range on this price action looks 1.0850 ...

AUDUSD for informed traders

Fundamental vs Technical — Firstly, I'm not saying it will go 580 pips plus from the recent high the point I was making on a purely technical basis it's possible based on a pattern that has actually occurred before. On a technicals you said it ...

AUDUSD for informed traders

Daily RSI — I can see where you're coming from but sometimes you have to look at the worst case scenario OK take the low form July 2010 and the high in November 2010. The daily RSI broke the 70 line at price 0.9600 without any fib retrace in ...

AUDUSD for informed traders

Short interest — Retail short interest is too high on this pair now for a lrge drop, US$ is still very weak, and we've bounced on a key MA on yesterdays and todays low. I'm still seeing buy the dips on this pair up to 1.0580 again.

AUDUSD for informed traders

range — bounce off of 1.0520, a new high today makes continuation to higher highs in the week likely big question can it make it to 1.0800 level or will it break down. The concern for shorts is whether this is an ascending triangle as it ...

AUD/USD

Support — 1.0500 is key level as it'll slip through the bottom trendline on that risiing wedge and test the previous low. Usually this pair shrugs anything off (bad data or news) as long as the US$ is mud. I've got the range at 1.0520 to ...

AUD/USD

Mondays range — I've got the range for Monday of 1.0520 to 1.0620 (new higher high) with the bias still looking upwards with the daily pattern analysis tool I use. US$ still weak, short interest still sufficient to hold this pair up. Strength ...

AUD/USD

entry — only entry I can see for short is a pending order on the break low of this daily bar.

AUD/USD

momentum — this is overbought on fundamentals but that doesn't mean it won't go higher we've got a weak US$ we've got the Fed that cannot or will not do anything about reversing that trend. There isn't a reason to buy the US$ they'd rather buy ...

AUD/USD

diagonal — looking at the state of the US$ I wonder if this is a leading diagonal if so short doesn't look the best option as it's quite an explosive formation. I'm sure some ewavers can confirm which: "However, the ending diagonal triangle ...

AUD/USD

Projection — I've got a projection low for tomorrow that fits in with a new low pretty close to that fib level (see red bar). I think long here is a bit risky

USD/CHF

Well you've got the support of the Australian central bank on your trade They want this pair to blow its nut off

AUDUSD for informed traders

AUD Carry trade — This report might make you wary about going short in the buying frenzy on AUD although it's referring to AUDJPY it tends to drive the other AUD pairs including AUDUSD. Reckons around 100,000 Japanese housewives are trading ...

AUDUSD for informed traders

Comparisons with pre-float — I don't think these pre-float levels of AUDUSD are valid to be honest as far as I'm concerned we do not have any resistance above us now it's free air we are at all time highs right now. That means the only tool ...

AUD/USD

Safer option — When you get strong uptrends where it is obvious price has gone way beyond normal levels it is guesswork finding upper levels to short. The problem is the RBA have given speculators a free reign to squeeze their currency to ...

AUD/USD

RBA — I reckon the RBA didn't expect their currency to appreciate this much when they said they want a strong AUD. Sometimes you have to be careful what you ask for being a commodity based economy they can't cut rates from here to stop the ...

AUD/USD

Breakout — I think we've just hit 1.0600 AUDUSD already, 1.1 only days away at this rate

AUD/USD

Set up — The only trade I can see is an upside breakout, shorts from here are guesswork now. The price on the hourly has a huge gap from the 50 sma so even that timeframe isn't showing any change in trend. In fact we only touched the 50sma ...

AUDUSD for informed traders