AUDCAD

Where do you guys see potential buy order? It's been heading SOUTH for around 380 pips with no segnificant retraces. I see a support at 0.9334 Daily chart. What do you guys think?

Hope That It'll Be Helpful

I thought it would be the best time to buy cheap Australian dollar against Canadian $.

If i were you i would be very careful when it comes to a long position. I am in the market short, i enterd when the price started to go down on the 14-15th. I don't see any reason why it should go up.

Until it reaches a strong support level and shows weackness i will keep my short transaction opened.

I don't recommend to enter on buy until then,have patience or else it's possible to lose a lot of money in case it continues the down trend.("The trend is your friend")

MacD is heading down (on daily) & is < water & signal lines.

$ @ Weekly horizontal support & up TL.

The 50 ema is down & the 34 ema is @ the 50 level (heading down).

I am bearish

Here is my chart. no comment http://i262.photobucket.com/albums/i...gu1/audcad.gif

hourly moving average give strong buy signal

------------

kairi relative index

year end + holidays = scalp(pythagoforex's theorem!)

Cad fundamentals better than Aud's against USD. Both are commodity currencies.

This week, I'm thinking scalp (H, 15m TFs).

Longer term: why I am bear on this pair- Month STO & RSI are down.
Week MacD & STO are down. W emas: 3<5<10 & pointing down.

Short term ( like tonight- I shall scalp 5M looking for buys).

When $ breaks south of 9200 I am going down on her.

Just shorted AUDCAD @ 9489, Stop 9540 for the following reasons:

 

1. Weekly chart shows downward trend.
2. Big resistance above current price on daily.
3. Broken uptrend line on daily on retracement from weekly chart.
4. Intermarket relation with gold testing 40 day ema at 1135.
5. Negative RSI divergence on 3-hour chart.

See my charts at http://www.quantisan.com/paper-trade...489-stop-9540/ (sorry, too many to post here)

Short as well but slightly different reasons.

Double resistance from weekly lows at 9540.
PB false break.

dont mind me ... im the bull in the room. long term
because of the divergence between technicals and fundamentals and Interest rate divergence coupled with my personal mix of index of leading indicators/ yeild spread divergence ... look for top to become support.

You've been right on that. how far do you think it will go...??

cheers

well I dont dare presume to know the exact future but if I had to guess id hold this sucker past 1.00 easy if the canadians keep there overnight rate at .25% as I expect it will until the 2nd quarter of 2010 due to the fact canadian bank came right and said that and the CPI is holding steady the australian trend is to rais rate and with the widening divergence and the power of the international fisher effect into 2nd quarter 2010 and the steapest Yeild curve divergence in history we can assume risk taking will be at an all time high and push the price well above 1 dollar.. and higher we also have psychological presures coming from the low that will probably cause the next wave to be a failed low and the new microtrend to form to push the prices higher and I will try to accumulation trade that.

hi again;

Interessting.
The technical analysis shows something else.
What do you think about this daily chart.

cheers

[IMG]file:///C:/DOCUME%7E1/imran/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG]

My main views are reflected in my fundamental readings...

But here is my basic TA as it relates to my fundamental readings...

I always apply fundamentals first ... Psychological next... then Technical factors...

The green X i consider a great buy zone and I usually will buy at the white dashed lines to slingshot my position in direction to the fundamentals with low risk once ive "established" a long term position based on fundamentals Ill increase or decrease exposure to the market and use my long term position as a buffer....

red is when fundamentals should have either changed or position needs to be reconsidered.

the Thick yellow is where i adjust for volatility and try to understand the underlying market psychology to create my entrance positions...

the zig zag yellow is how i expect price to travel but shouldnt be considered near accurate... blue is how i expect the breakout to look and change the resistance into support....

I expect that near the date of the break mid february to mid march... the interest rate differential will widen and power the break and continue to rise in direction... as demand will rise for the carry and risk appetite increases...

anyone else trade this?

sorry, totally diasgree.

aud/cad is going downnnnnnnnnnnn!

doesn't look like it, this currency pair seems dead in terms of FF members trading it...

yup i like it good yeild.. i Dunnooooo about it going down looks like theyl be raising rates

i hope it will go down, in the oposite case it will bankrupt me Now i'm not sure regarding the techincal analyse