the nzd just broke 0.7750, would anyone agree it is a good time to long given the rally in equities this morning?
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DislikedThe stock market rally is what is worrying me a bit. If equities close in the positive again on Tuesday and the Fed don't follow through with the expected 50 bsp cut, well then good night!
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scexglobalIgnored
DislikedEUR/AUD approaching the upper limits of the range that's been in place from 11/23/07 until today.
Nice sell signal around 1.70 for today as that's probably the end of the Fib extension for the day and week, plus resistance at 12/5/07 high of 1.6995. Lower end of the range around 1.65.
A break above 1.7175 signals bullish breakout from pennant formation.Ignored
DislikedProfit targets reached after Fed announcement. Now at lower end of range and I'd strongly recommend a buy with a target near 1.69.
I entered at 1.656... and as I type this it is going through the roof.
Following trendlines, the true low end of the range should be around 1.6460, but Fib support is at 1.6525.Ignored
DislikedJust took a short on EURAUD...
Stimulus package good news for AUD and their asian conterparts?
SL 1.6707Ignored
DislikedThat's a tight SL... it should drop some, but we could see 1.6700-1.6740 as a range tonight.Ignored
DislikedClosing shop for now on EUR/AUD at 1.67 as it looks a bit overextended. Waiting for a possible retrace to 1.6620 to re-enter longs.
The chart on this pair is lovely...Ignored
DislikedI think it actually has some ways to go before it runs out of steam...Ignored
DislikedWow... didn't think it would get past 1.6740, but it shot through to my daily extension target with 23 hours in the day remaining.Ignored
DislikedIndeed stochastics hadn't hinted at overbought levels yet. Although 1.6800 sounds like a good resistance for now.Ignored