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RBA WRAP-UP (Aug 2016:Is it AUSSIE's time??)

A Quick Wrap up of the RBA for future reference:
  1. Accommodating policy as appropriate to based on outlook assessment.
  2. Reasonable Chance A$ to decline further once FED hikes (if any).
  3. Past FALL in A$ to support economy in face of lower terms of trade.
  4. GDP revised lower to reflect slower population growth.(2-3%-2015/16,2.5-4% 2016/17)
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Nihad 10 Авг.

al_dcdemo From the beginning of September, I will be issuing a monthly reports of Central FX reserves and will call it "Commitments of Centrals", :)). Am not kidding

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Nihad 10 Авг.

al_dcdemo I will publish it here in Dukascopy

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Nihad 11 Авг.

al_dcdemo The big move came from PBoC hahaahahahah

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Nihad 11 Авг.

al_dcdemo Remember the call on the GBPAUD for 2240??, its about time.

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al_dcdemo 11 Авг.

USD/CHF: Maybe you're right, Franc is still a strong currency. But good ol' fake breakout may not be excluded.
GBP/AUD: I was thinking pullback to ~2.05 now that RBA is less dovish and BOE less hawkish. We'll see what happens after today's PBOC move.
EUR/NZD: Was stopped out, SL too tight. Looking to re-renter.

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Trader's Chart: AUDUSD Master Chart (Draft)

===================================================DRAFT=================================================[list][/list]…
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Trade 1: AUD/JPY Trade (March 2,15)

My first trade this week, is the AUD/JPY pair. The reason as shown in the image below, is that after a failed breakout attempt to the upside (only a couple of pips), the market reverses to the opposite side. A descending triangle is in formation. The upper (resistance) level of the new descending triangle was tested and not breached. The entry selected is below the intermediate term Fib level (0.500-93.441) as shown. Using the angle formed in the descending triangle, the projected take profit al…
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VictoriaVika 9 Март

Great, good luck!

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