Waiting for AUD/USD entry

FX:AUDUSD   Australian Dollar / U.S. Dollar
70 0 3
Now the pair has broken major consolidation area with conviction. That usually is a sign of continued momentum. Many argue that fundamentals don't move markets but if it wasn't for better than anticipated news out of Australia and the strength in Oil             , many technical traders including myself would be in profit as many had predicted another impulse move to the downside. Technicals only matter when a shift at the macro level has been established and then trading waves and/or support resistance levels become relevant.

If a fundamental shift is strong enough, it does not give a hoot about support/resistance lines or wave theory until it has calmed down and then technical studies can be relevant again.

Fundamentals sets the train (price) in motion, Technicals keeps the train (price) moving.
Launching soon
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out