Thanks for the explanation. I thought part of the kiwi and aussie was also partly linked to oil. It was also what I thought that with the China uncertainty and outlook the aussie would go down but it is climbing again. I have seen the AN chart and ...

The Swamp

​ Thanks for the reply. But why are Australian and New Zealand dollar rising? Oil is falling again and you still have the China fears in that region. I understand the relief rally in stocks, but if stocks are rising, shouldn't the Yen getting dumped ...

The Swamp

Gator, Ken or someone else can maybe help me out here. I was looking at the charts and I don't really understand the correlations anymore. Maybe I see it too simplistic. Yen and gold are generally safe havens in risk-off environments, they are both ...

The Swamp

Possible double top on the weekly plus hammer and inverted hammer. In my opinion they don't believe in a Brexit and euro and pound will rise. EG could be down much lower on Friday.

The Swamp

True, but if you look at the daily of EG, some pretty big wicks four days in a row. Look also GN and GA, especially GN, some pretty big wicks a few days in a row. And the wick on GU is also quite big. In my opinion, if there is no brexit the yen ...

The Swamp

On the weekly charts for the pound crosses, everywhere hammers. In my opinion, it looks ready for a relief rally in the pound crosses next week. It looks like the market doesn't believe in a Brexit. The same for EU on the weekly, nice hammer. EG ...

The Swamp

Yes the 23rd will be long day and night probably stay awake whole day and night and buy the hell out of GJ in case of a no Brexit, will be at least a 1000-pip move in a few days I guess. The difficult thing here is timing when to buy, will not be ...

Consolidations

GU a potentential double top on the weekly, monthly looks also ready for a move down. Could fall a few 100-pips this weeks, especially after the rejection of 1,458x area. Seems also to be gapping down, looking at the quotes on XE.com. Looks like ...

Consolidations

Thanks for the elaborate reply. I agree that the downside on AN is limited. If the RBA doesn't cut in the beginning of the week and the RBNZ does a suprise cut, could be a at least a 500-pip move this week. Look at the previous surprise cut of the ...

Consolidations

Raiders, Great thread, I don't really use wave trading but what is your opinion on AUD/NZD? Is close to yearly levels and big volatility is expected with rate decision of the RBA and the RBNZ. Could be a big move up on the cards, move down seems ...

Consolidations

ok thanks

The Swamp

Ken, are you still holding AN shorts? I am looking for a possible longs around 1,070x.

The Swamp

I have been looking at the monthly chart EU, looks like a hammer the last monthly, GU also looks like a big hammer. Looking at the yearly chart, 1,164x could potentially be a turning point. Maybe 1,478x GU, looking at the monthly. But reading ...

The Swamp

Do you expect an upmove from that level?

GBP/AUD

Exactly where I would also looking for a buy, would also be weekly level. The last 4 hours also formed a nice wick, so maybe down in the beginning of the week to 2,085 before the rate decision. The weekly on GN looks a bit clearer than GA in my ...

GBP/AUD

Thanks for the reply. I have been looking at the GN charts and it is possible to pinpoint the levels quite accurately. But like you said you will need a very good entry to keep your position in the rate decision. I hope 2,085 will get a touch before ...

GBP/AUD

extreme caution is necessary at least, Wednesday is the big day. You are planning on buying GA and GN or are you already in?

GBP/AUD

You see EU going down? On the weekly it looks like an inverted hammer, I am gonna look at 1,115 and 1,117 area for a reaction. 1,1175 was broken support on the quarterly. Dangerous week anyway with FED, BOJ and RBNZ decisions.

GBP/AUD

Where would you buy? I think it has to at least touch 2,085 looking at the weekly, would correspond with 0,69 NU. The problem is the interest rate decision, I have seen a few NZ rate decisions and the spread was crazy, at moments 100 pips, 600 pip ...

GBP/AUD

Was also looking at the chart, looking to buy 1,853 and 1,856. Like you said looking at the weekly could be at least a 500-pip move. GU looks on the upmove and AU down. So looking hard to buy there. I am also gonna look at GN. Had 2 entries at 2,377 ...

GBP/AUD