Comments on: EUR/AUD, GBP/AUD set to reverse? https://fxww.com/euraud-gbpaud-set-to-reverse/ The Professional Source Fri, 26 Jul 2013 01:25:00 +0000 hourly 1 By: Lam-Son https://fxww.com/euraud-gbpaud-set-to-reverse/#comment-25187 Fri, 26 Jul 2013 01:25:00 +0000 http://381c099c8f.nxcli.net/?p=9775#comment-25187 In reply to James.

Yeah, Aussie fell on Friday night only to rise the following Monday.

]]> By: Sean Lee https://fxww.com/euraud-gbpaud-set-to-reverse/#comment-25185 Thu, 25 Jul 2013 23:44:48 +0000 http://381c099c8f.nxcli.net/?p=9775#comment-25185 Thanks James, changed now, must’ve been all the beer last night ??

]]> By: James https://fxww.com/euraud-gbpaud-set-to-reverse/#comment-25184 Thu, 25 Jul 2013 23:26:19 +0000 http://381c099c8f.nxcli.net/?p=9775#comment-25184 Lam-Son,
I reckon that sort of price action usually indicates a desire to have revals for open positions at more acceptable levels. In other words it is consistent with the view the market is very short AUD. The rapid turnaround on Monday mornings following the ‘ramp’ is telling. At some point the position will be cleared and such manipulations will cease.
Sean,
the chart you posted is of EURUSD!

]]> By: Lam-Son https://fxww.com/euraud-gbpaud-set-to-reverse/#comment-25182 Thu, 25 Jul 2013 23:06:50 +0000 http://381c099c8f.nxcli.net/?p=9775#comment-25182 One point AUD traders we should keep in mind is that Aussie had always been dumped for a few times in a row in late Friday, i.e. Friday night Sydney time. It looked brilliant on Thursday or so but later plummeted just before weekend. Don’t know the reason but I am rather careful.

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