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Wait for AUDCAD bullish signal

ijayakumar Posted 7 Dec.  in #Trader's blog #Audusd #Audcad #Price Action
AUDUSD showing a sign off halt coming in, yet the sellers are trying to push the price further low. But it seems like we can expect a counter turn from AUD soon.
We will try to find a better pair for AUD bullish which is AUDCAD. According to AUDCAD technical, 0.9620 - 0.9640 range is better area to look for bullish signal and enter if there is right evidence of bullishness.
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AUDUSD finding it's momentum

ijayakumar Posted 15 Sep.  in #Trader's blog #Audusd #Price Action
AUDUSD pair faced severe selling against USD since the start of this week. It may seemed as it may cause more breakness, as the China fundamental also seemed to have some break. Luckily, China Money stock and other fundamentals were good which caused the Aussie to find a support at 0.745 region. As consecutive daily candle used the same price range as support, it may well resume the bullishness soon. Please find the daily chart analysis of AUDUSD,
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FXRabbit avatar
FXRabbit 25 Sep.

My friend ijayakumar , please read your chat message from me.

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AUDUSD posted red doji at critical resistance area

ijayakumar Posted 5 Aug.  in #Trader's blog #Audusd #Price Action
First week was not good start for me, as I analyze ok but still got hurry up in choosing the trade. But its good that I am not out and I am still in the game. About today's analysis, I would like to pick AUDUSD again, as it posted red doji candle at critical resistance area which may lead to further bearish in simple terms. But looking at strong bullishness of AUD, it's not easy to predict. But technically short term bearish is on the way. We may set a sell order at 0.7590 with TP of 30-40 pips,…
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ijayakumar 8 Aug.

Not able to attach the chart because of some technical issue. Have already reported dukascopy!

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AUDUSD bearish trigger may extend

ijayakumar Posted 4 Aug.  in #Trader's blog #Audusd #Price Action
Aussie looked strong while GBP run down after the Interest rate cut. Aussie had also posted good run against USD today but it was not able to show more strength, as the pair is still struggling to post above the previous near term high. It had reached 0.7640 which is also close to 2nd August high. As the 30 minute chart and 1 hr chart showing weeakness in the same price range as 2 days before, it is highly possible to extend the bearish run even further. If the NFP report was more successful tom…
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Aussie is near to it's short term Resistance

ijayakumar Posted 2 Aug.  in #Trader's blog #Audusd #Price Action
Aussie dollar has raced down with the flow since the rate cut, as the rate cut happened along with some hawkish statement. Today it hit the recent Resistance area of 0.7630 against USD and it may be pulled back in short term, as this area had faced much resistance in the past. We may look at the lower period chart and look for bearish engulfing candle and if it happened, then we might place a sell order. Please find the daily chart of AUDUSD and the Resistance area,
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AUDUSD may continue lower high and low again

ijayakumar Posted 29 July  in #Trader's blog #Audusd #Price Action
Australian dollar has gained strength in last three months before denying softly in July 2nd week. With current trend and fundamentals, the lower low and high may continue. Because few fundamental threats are still being spoken for China and hence the Aussie dollar might follow the current bearish trend for short time before resuming the bullish channel. Please find the 4 HR chart of AUDUSD below,
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AUDUSD weekly candle looks more strong

ijayakumar Posted 8 Jan.  in #Trader's blog #Audusd
Just when everyone was expecting that Aussie and NZ will consolidate a little after a risk on run in last 2 months of 2015, these two currencies has sold off highly in just 5 days of 2016. It was particularly because of Chinese weakness again and their whole worries on fundamentals and manufacturing sectors. In line with that, please find the analysis on AUDUSD weekly chart,
Looking at the current strong bearish candle, this pair may continue to be bearish for few more weeks. Next best selling e…
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