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  • AUDUSD: Halts Declines, Threaten A Return To 1.0842 Level

    From fxtechstrategy.com

    The pair may have halted its pullback and triggered a recovery higher but will have to return above the 1.0842 level to trigger its broader medium term uptrend. This if seen will open upside risk towards the 1.0900 level, representing its psycho level. Further out, the next upside target resides at the 1.1000/4 levels and ultimately, its July 27’2011 high at 1.1078. Its daily RSI is bullish and pointing higher suggesting further strength. On the other hand, on continued pullbacks, the 1.0568/25 levels will be targeted where a breather may occur. However, if this fails to happen, we could see the pair aiming at ... (full story)

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  • Comment #1
  • Quote
  • Feb 15, 2012 12:37pm Feb 15, 2012 12:37pm
  •  Guest
  • | IP XXX.XXX.251.106
Roflol..
Sure it does. How abut it threatens to return to 1.0? You guys...
 
 
  • Comment #2
  • Quote
  • Feb 15, 2012 12:39pm Feb 15, 2012 12:39pm
  •  eqshack
  • Joined Jul 2011 | Status: Lord Of War | 993 Comments
we seem to hold bearish right now..eu down then aud and everything down
Early to bed, early to rise, keeps you healthy, wealthy and wise.
 
 
  • Comment #3
  • Quote
  • Feb 15, 2012 12:57pm Feb 15, 2012 12:57pm
  •  Guest
  • | IP XXX.XXX.42.215
It will defiantly depend on these up comming employment figures along with the outcome of this Greek mess. But is due for some sort of pull back. My opinion is these last months figures have been up beat mainly because of a obvious rush to finish work month that being Christmas period. Next months employment figures I fell will be somewhat lesser due to the loss of jobs that are taking place in the banks & manufacturing all thanks to the strong Aussie dollar.
 
 
  • Comment #4
  • Quote
  • Feb 15, 2012 1:00pm Feb 15, 2012 1:00pm
  •  torkay77
  • | Joined Jul 2010 | Status: Member | 192 Comments
i want one of this analyst jobs, no matter if right or wrong you get paid
 
 
  • Comment #5
  • Quote
  • Feb 15, 2012 1:08pm Feb 15, 2012 1:08pm
  •  Loadedgun
  • | Membership Revoked | Joined Sep 2010 | 3678 Comments
So where is the strategy here? This type of analysis is typical of so-called professional chartists. I think the time has come when only exceptional insights are warranted for public distribution - by people (CMD or not) willing to commit to a side of the trade with reason. You have said nothing that will guide anyone serious enough to put his money either side of this pair. In the same breath you have left us with nothing by which we can measure the utility of your output such that we can establish some kind of track record for your output. Anyone can do what you have just done.
 
 
  • Comment #6
  • Quote
  • Feb 15, 2012 1:10pm Feb 15, 2012 1:10pm
  •  TraderUSA
  • | Joined Aug 2011 | Status: Member | 809 Comments
They are bait-setters, they spread propaganda, they write nothing but "band wagon" tactics.
Quoting torkay77
Disliked
i want one of this analyst jobs, no matter if right or wrong you get paid
Ignored
 
 
  • Comment #7
  • Quote
  • Feb 15, 2012 1:43pm Feb 15, 2012 1:43pm
  •  Guest
  • | IP XXX.XXX.117.105
Ha you guys are classic! Please don't tell me you base your trading decisions on these treads? If you need more information on a trade decision then maybe go to a site something like Bloomburg or the like. You winge about what's being written but how about doing your own analyses and learn to trade based on whats going on fundamentally, technically and to market condition for starters? Make your own mind up about what you take in a read and maybe concider some comments along with your own thoughts.... or not!
 
 
  • Comment #8
  • Quote
  • Feb 15, 2012 4:06pm Feb 15, 2012 4:06pm
  •  Loadedgun
  • | Membership Revoked | Joined Sep 2010 | 3678 Comments
Guest IP 117.105 - indeed, I think we all do and very well too (I am sure for many of us, certainly for myself). There are other reasons for speaking up against the rubbish these sites put out. Not least of all my personal experience when I first started out trading. I was often too trusting of these so-called analysts and not only did I lose money then, it also slowed down my progress to becoming a self - assured trader. Now I am trying to recoup my losses and doing well. I think however, trading will have a better name and neophytes an easier time if this sort of nonsense is eliminated. In fact it is the writers arrogance and non-committal style that I find most offensive. Using my knowledge of fractals I did spot this particular trend shift a day earlier (and it is on record on this site). 20% up on my account thus far trading down it has been good so far and yes there are signs that the pull back may be near its end or could intensify in the coming days depending on market events. Which it is will become clear at some point depending on approach and market information. But it is only fair to say which way it will go when you reach a decision that you would put your money on and state precisely why or how you have arrived at the given decision. That way, those new to trading can learn from the various approaches available and or choose who to listen to when in need of confirmation, etc. If you are not sure shut up - CMD or not.
 
 
  • Comment #9
  • Quote
  • Feb 15, 2012 8:01pm Feb 15, 2012 8:01pm
  •  Pipo
  • | Joined Aug 2006 | Status: Member | 20 Comments
LOL! There are many short sighted would-be or demo traders here. Trying to make sense of politics and fundamentals. I am not good at it either but hey if the so called experts and wizards have opposite opinion. An old saying 'you have 5 experts in a room then you have 5 different opinions or even 6 if one went to Harvard'. So forget the experts and let the market tell you the value of a currency.

A Ferrari Enzo is worth nothing if there is no buyer.

Here are a few hints.

1 A look at the daily or better the weekly or monthly AUDUSD / EURAUD and zoom out. What do you see?
2 Gold price
3 china, india and other Asian countries. How and why does it influence the AUS .
4 Australia is at Asia door steps USA or other countries can't compete with our resources.

ofc we are not unaffected if Asia suffers a slow down. But if 10% growth of china is reduced to 8% we are still doing good business with them.

We still enjoy low unemployment and a worry free live and a high purchase power with our $$$.

take our chances gamble or invest.
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.209.138
Join FF
  • Story Stats
  • Posted: Feb 15, 2012 12:32pm
  • Submitted by:
     Mohammed Isah
    Category: Technical Analysis
    Comments: 9  /  Views: 1,952
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