Oh I have been bearish for some time since i created the thread below and when i added at Rate cut, near the bottom of the recent lower range, and 1.04, 1.0410
Now comes the wait game before RBA
Now comes the wait game before RBA
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Dislikedthere is no reason for being bullish. hedge funds can still short it.Ignored
Dislikedwell there is some truth here. i wonder
if there is a study to see after how long the cb starts barking to they generally pull the trigger. Boj Snb Rba are in the same boat. Rba just started barking loudly now. Obviously its at the first stage verbal intervention and that only causes retraces.Ignored
DislikedThe rba have never expressed any mention of intervention in its minutes or statements. Its has always been financial articles from third parties just like in August.Ignored
Dislikedchina is not at all the catalyst. look at the china releases and see where it goes 2 days after the release. it almost stays where it wasIgnored
Dislikedmay be china will be the catalyst for the fall or it does not fall.Ignored
DislikedOh I have been bearish for some time since i created the thread below and when i added at Rate cut, near the bottom of the recent lower range, and 1.04, 1.0410
Now comes the wait game before RBAIgnored
Dislikedgood to know you and i are long term bears... but im probably stupid to have loaded early shorts at 1.0250 and 1.03 areas...Ignored
DislikedI'm bearish on /DX, but /6A is giving me a bullish impression. Could it be that there won't be a cut next week, but there will be one the month after? I can see /6A going to close 1.05.
I can see Aud/Usd going up to 1.045 and 1.057. I could be wrong about my "hill" posts from earlier this month.
Roughly the same highs while the lows are obviously getting higher.
4H /6AIgnored
DislikedMy target for AUD is 1.05 - 1.058 during the next few weeks. as this is where the Weekly down trend intersects.
At that point is where I will look to short AUD for the long term. Obviously I will assess where markets sentiment at that time for entry point.Ignored
DislikedWhen everyone's thinking chinese economy is growing and thats good news to the australians...
China maybe falling in a debt, China the next Europe?? maybe? maybe not one thing i know is that China can Print Print Print as oppose to Europ who were reluctant...
But still not a good sign for China's Trading Partners....
have a look at this link.... Forexlive found an interesting article on FT
http://www.forexlive.com/blog/2012/1...of-china-woes/Ignored