Haynes6EU's Blog

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Blog 12/10: Buy AUDUSD

Hi Traders,
AUDUSD has decreased for several weeks after hit the high level 0.81. Price bounced back at 0.773, it's also fibonacci 50% level. I think it's time for buy AUD again. I will wait better entry. Let's see the daily chart:
Good luck to all traders
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Blog 7/7: Buy AUDUSD at demand area

Hi Traders,
Long-term time frame chart of AUDUSD shows that the pair is changing from neutral to bullish. Price adjusted decreasing since last weekend, I saw that supply and demand quite balance in 0.756~0.76 level now, so I think that would be good chance to buy at balanced area in smaller time frame.
Good luck
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Blog 29/5: Buy AUD/USD at Fibonacci 50% level!

Hi Traders,
The AUD commodity dollar has risen for the last two weeks from low level 0.733 to 0.751x. Price decreased to fibonacci 50% level at 0.742x at last weekend. I expect price continue to increase again from demand area. Let's see H4 chart below:
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Blog 3/5: A nice SHORT AUDUSD position

Hi Traders,
The weekly chart of AUDUSD shows potential for price redution, so I decided to sell this pair in this week. Go into smaller timeframe to choose entry point: H4 chart shows good entry may be around 0.754 ~ 0.756 area. Let's see the H4 chart below:
Good luck
Haynes6EU
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AUDUSD - a bearish month in May

Hi community members,
Background: this forecast base on balanced distribution (supply vs demand; price oscilator and median). Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: shows persistent supply above 0.77 level, price still is in small range on the weekly chart. But median price in smaller time-frame is decreasing. I expect sell power stable and price can break lower in t…
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Update 1: We have a very nice week for bear. Prices fall freely the same way with copper price. The next support level may be 0.733.

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Update 2: Prices was in a down-trend. Market is rebalancing after fall sharply last week with the same direction of commodity prices. I wait new bear power after rebalance process finish.

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Update 3: Prices fall quickly to my target at 0.733 and bounced back to 0.74 in a consolidate process. My strategy is sell on rally with medium-term target is 0.72 and long-term even below 0.7 level.

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Blog 28/4: A quick trade setup at the end of the month

Hi Traders,
It's the end of the month, I setup a simple trade short AUDUSD when price has just some retracement from low level. This trade follows current down-trend but I don't expect a large move at this time. Let's look at the chart:
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AUDUSD - Wait to buy at support with good RR

Hello community,
The commodity dollar AUDUSD bounced back and test resistance level at 0.743x last Friday, after that price fall again and may be moving to support area at 0.732~3x. I wait to buy at this support area with tigh stop loss.
Have a good trading week
Haynes
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AUDUSD - Is correction over in H4?

Hello community,
The pair AUDUSD break 0.753x bottom level and go down to 0.737x and it seem that this pair is correcting up to near 0.75. So is correction over? how long will correction take?
Look at the chart below
Good luck to all
Haynes
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AUDUSD - Major support!

Hello community,
The latest US CPI data have positive impact on USD and weight on XXXUSD pair. The pair break previous support at 0.786 and may test the next major support 0. 778 from RBA meeting on 5th May. I will watch closely on price action around this level and make a plan to trade. Look at the daily chart:
Have a good weekend
Haynes
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RBA rate cut and AUD rally :D

Hello community,
As my previous post about AUDUSD into RBA meeting: https://www.dukascopy.com/tradercontest/?action=post-read&post_id=51973
Although RBA cut interest rate to 2% but AUD rally. It's not surprise to me because I remember that it's second times market reaction like that! Market is waiting for Monetary policy statement on Friday this week, it will provide more information about monetary policy and economic condition.
Follow the last MPS: Australia housing market, private consumption …
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