EUR/AUD looks cheap?

well it may go a little down, but dailly, weekly & monthly charts indicate its going up,...i guess, any thoughts, even eur/usd will try to get over 134 one more time at least, if not found the temp. ground in that level.

The only thing that the weekly/monthly chart shows is a slight trendline touch as of yesterday, but the trend is CLEARLY down.

As far as I am concerned, it's time to wait to see if price breaches through that trendline to the downside or whether it bounces to the upside. But longing here from just one touch off that up-trendline is just gambling.

gambling with options might be the right time right now,...i got some extra euros and need to to do some hedging, which pair should i choose?, i was thinking of eur/aud, but when i checked the charts i would buy them not sell them!!,....if i could hedge it for 2 years i would choose usd, since elections are next year on schedulle, but till new year, im prepared to gamble. Any hedge/gamble idea?

Yeah, Las Vegas. At least you'll get some free drinks while gambling your cash away...

Sorry, I cannot help you with the gambling thing.

yeah,...ok. i did check aud/eur monthly, and u are right it shows north, like i thought...thanks for enlighten me,...do u know how long it might continue to outperform the euro, ill check gold and carry charts,...thx

i got a feeling it wants to revisit the devils...hm

Hi!

I love the EUR/AUD for swing trading! The jump off the 1.6000 level was not surprising given the equity weakness. For this week it all depends on stock market: DOW futures are -270 right now. So, unless there are anough bargain hunters on wallstreet, EUR/AUD is probably headed for 1.7500 - 1.8000 or more. The previous selloffs started at 1.5500. If it happens at 1.6000, we will be breaking through the 10 year wedge for good.

Also, I am waiting for another sell off so I can trade the occilation that occurs after (indecision flag).

Secret tip: On the last occilation flag viewed on a 4 hour chart, slow stochastics nailed the overbought signal for the AUD everytime! Put this together with the support and resistance lines that define the occilation range, and you have a winning combo!

Take care,

scex

almost there...

Hope it gets cheaper.... i'd love to see 1.6 - 1.55 again!

nah,...i dont...:... i would like to see the 1.636 to hold

You are assuming that the DOW will tank again. If it goes to 14,000 we will see 1.6/1.55

Also use stochastics and daily fibs with this pair... works like a charm!

i am not assuming anything about the dow,..if i would seek relevance to any pair it would be the usd/jpy for dow,...gbp/jpy for footse,...eu/jpy for eurex or cac or dax,..

ok...i slowly started to buy this pair 150pips sl,...call me crazy.

Not at all. Good luck.

thanks,...im long eur/aud 1.63824...and keep on adding..

closed all,...now im longed 1.6362...still looking cheap......

http://www.dailyfx.com/story/currenc...018863141.html
They tend to agree!

Just hope you have enough room to fluctuate. An option may be better in this case rather than an outright spot position.

u may be right,...but i like to set my own BE level...

I use this pair to hedge Gbp/Jpy.

Pete T

im out banked 100...i know, i know,..now the trend is established, but other crooses looking more cheap...especially canadian since today news were briliant...

de123
what is your point of view about EURAUD ?