Resume for 2016. Total of 1257 PIPs from 3 trades in 2016. One trade missed. Happy new year!
For this time AUD would go down. Enjoy. * Arrows are not targets
From my analysis (not listed here) i suppose that gold is on top for now. Because of corellation with AUD (analysis is primary the same as for gold) i was entered short AUD/USD at price 0.7540 - 3.5.2016. best day to enter was 27.4.2016 at price 0.7650. If you are trading GOLD you can enter SHORT NOW, best enter for me was 9.5.2016 at price 1275. EXIT is...
CRUDE OIL price should go lower till end of MAY - then some correction? For USD/CAD is this bullish. BUY it ;) Best day to enter was 4.5.2016 obviously. I'm NOT trading this pair for now. * ARROW is not profit target
1. Strong divergence 2. Open Interest is falling in trading range 3. Price will go UP
Australia is the third biggest gold-digger… we mean, gold producer in the world, sailing out about $5 billion worth of the yellow treasure every year! Gold has a positive correlation with AUD/USD. When gold goes up, AUD/USD goes up. When gold goes down, AUD/USD goes down. Historically, AUD/USD has had a whopping 80% correlation to the price of gold!