FX Trade Analysis: AUDUSD-May-22-2018

[Zack Zarr 5]

AUDUSD Analysis based on May-22-18 COT Report

 

 

Summer is the time of year which I make my best effort to enjoy the nature, this one is what I took from a lake not so far from where I live.

 

Snapshots of my analysis on the AUDUSD based on the May 22nd COT report are shown below. The trades based on this analysis are posted here. I had noticed some extreme levels in the short positions in previous week, some of which I posted here. Taking profit on some of those shorts was the main reason for some upside on AUD which I also took advantage of. I still see a bearish case on the long term for AUD but there is still some more upside until we reach to some good short opportunities.

 

 

For more information on this type of analysis check out the previous posts in the education section of the forum here, here, and there.

 

If you want to discuss further and clarify things, please send me a message to [email protected]

 

Zack