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- Squarepants replied Apr 19, 2010
Egads, a bull pennant on the 30 min chart. I am not shorting now but reserve the right to go short later if things don't work out for the Aussie
- Squarepants replied Apr 19, 2010
2 & 5 day EMAs have turned today in a way that signals a new bearish downward trend. In terms of fundamentals, can anyone explain why Goldman has had such an impact? I know they are a big player & all, but the reaction seems a little exaggerated..
- Squarepants replied Apr 16, 2010
On the 15min chart the oscillations are widening and getting lower lows but the highs are capped around 93125. I think this means we will see a bit lower tonight, maybe around 9250. Next week might be a different story though.
- Squarepants replied Apr 14, 2010
It's recovered as described last night however there is resistance at 9325. Warwick I agree that further resistance will appear at 9400. Looking at the daily, if it breaks that level then it could run to 9700 without too many bumps. Alternatively it ...
- Squarepants replied Apr 13, 2010
Still a little early to call but it appears to be breaking out of the downward channel. My (tentative) targets are 9300 tonight and 9350 tomorrow.
- Squarepants replied Apr 12, 2010
I dunno man. That's a bit of a doji on the hourly, plus it's not unusual to see a big red daily before another run-up. Maybe you are right but the fundamentals don't exactly point to AUD taking a pounding..
- Squarepants replied Apr 12, 2010
Yeah Saxon I think this is a good place to get in. I'll just go 2 lots though. It probably 'had' to hit that MA before going back up. So far London has not sold very strongly which is a good sign..
- Squarepants replied Apr 11, 2010
I doubt we will hit 10% this time around (assume you mean a cash rate in the vicinity of 8%?). Our economy would be toast before that happened.
- Squarepants replied Apr 11, 2010
Risk is back in fashion for the time being so AUD will be helped up. The market seems to have put the possibility of a US rate rise to the back of their minds for the time being. I'm going long some time today in anticipation of a US rally tonight, ...
- Squarepants replied Apr 6, 2010
A textbook bull flag forming over the last few hours. I'll be surprised if we don't break 9300, if not daytime then at least during Euro session.
- Squarepants replied Apr 6, 2010
I think we are heading for 9500. There's still resistance at 9250 but it appears to be chipping away at that level. Expect more consolidation within the 9200-9250 range tonight with the rest of the week looking up.
- Squarepants replied Apr 5, 2010
Yeah I doubt they'll raise rates. I'm still tentatively bullish, but will probably scalp for downside prior tomorrow's meeting.
- Squarepants replied Mar 30, 2010
All I can say is.. overbought. There will be one massive hangover after this rally. Good opportunity for short-term shorts, and 9200 seems as good an entry point as any.
- Squarepants replied Mar 29, 2010
Totally! I think he is talking tough to try and curb borrowing without having to wreck our economy with extra rate rises. Another hike next month would be surprising.
- Squarepants replied Mar 29, 2010
What a rally! If you look at the channel it's been in for the last 2 weeks then there is something of a ceiling at 9150. It 'should' consolidate closer to 9100 before resuming upwards, assuming it's a new trend. If not then the big cycle kicks in ...
- Squarepants replied Mar 23, 2010
trade_price I agree. If it ranges around 9150 for 2 - 3 more days then there will be a well-formed head and shoulders over the last 2 weeks. Conversely if it holds above 9200 and can break 9250 I'd be very wary of going short.
- Squarepants replied Mar 22, 2010
Good luck. It's a little silly that AUD would rally because of USA Healthcare Reform. So maybe there will be a resumption of downtrend.. Currently I am trying to scalp both directions and trying not to fall asleep on this low volume
- Squarepants replied Mar 22, 2010
It's currently staying within the downward channel that started this morning, so I have sold @ 9127 with stop at 9150.
- Squarepants replied Mar 18, 2010
It's not too much They are just different ways of calculating the average price for an instrument over a given period of time. VWAP is based on the volume traded and TWAP is a time series average.. Dealers will often give an undertaking to a ...
- Squarepants replied Mar 18, 2010
Certainly. These types of patterns could be a kind of emergent behaviour from algos that the instos use. Especially the simple ones like VWAP & TWAP.