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Forex AUD/USD Daily Video, May 16, 2019

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, May 16, 2019.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    Aussie stands at solid daily support, so at least minor pullback should happen by technical reasons. If situation around tariffs will get the relief, AUD could climb more:



    The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
     
    Brett Reynolds and stelore like this.
  2. stelore

    stelore Sergeant

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    Thanks a lot Sive!!! ;)
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    You're welcome!
    Unfortunately this setup has been broken :cool:
     
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  4. stelore

    stelore Sergeant

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    It's ok Sive, I was looking for a good exit point for my shorts.....
    I closed half positions and looking to close all.
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    By the way - it seems setup is working. ;) On Friday it was looking hopless, but you never know what makes your technical setup works.
    As a rule this is some situation that absolutely can't be predicted.
     

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