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AUD/USD

  • #6,321
  • Oct 11, 2009 3:48am Oct 11, 2009 3:48am
Quoting fammira
in the last week I often said AUD would have gone down, it went up indeed but I am still with my opinion, a journey to 0,85 - 86 before a new rise would be in the cards

equities are now pricing a very strong recovery, next week many US companies release earnings, and even if positive tones should prevail, a "sell the news" pullback is to expect

gold at 1050 and S&P even above seem really very stretched up to me

in the last two sessions, talks of a 50bp rise during RBA november session gave more fuel to AUD, and less extension to the profit...
Hi Fammira,

I read here in the newspapers that RBA wants to "slow" the appreciation of AUD, they are not "against" its appreciation. so IMO, they will sell at peaks slowing the pace of AUD appreciation.

Many economists are predicting that AUD will reach parity before Xmas (Optimistic) or in Q1-2010 (Realistic).

IMO, it would be like 2 step upwards, 1 step downwards type of journey from here on.

so it could potentially go down to .89 or 8850 but not much from there, IMHO.

cheers
  • #6,322
  • Oct 11, 2009 1:25pm Oct 11, 2009 1:25pm
Quoting puks
Hi Fammira,

I read here in the newspapers that RBA wants to "slow" the appreciation of AUD, they are not "against" its appreciation. so IMO, they will sell at peaks slowing the pace of AUD appreciation.

Many economists are predicting that AUD will reach parity before Xmas (Optimistic) or in Q1-2010 (Realistic).

IMO, it would be like 2 step upwards, 1 step downwards type of journey from here on.

so it could potentially go down to .89 or 8850 but not much from there, IMHO.

cheers
I very much agree with your viewpoint Puks and plan to keep buy all dips on the way to parity. Another trader had a great chart illustrating this a few pages back.

I'm fairly new to trading but with all the positive news coming out of AUD and the interest rate hike, as well as the prediction of a .50 pt raise next month I have a hard time seeing this go below .90. That being said this is Forex and anything is possible. If it does go below .90 I see .8880 area as the bottom before another rise. Again this is just my opinion.

Famira I love reading your posts and opinions and have been doing so for a few months now. I am curious to hear why you think AUD could hit the .85-.86 area? Seems like a long way to fall.

Thanks for everyones opinions and charts! I'm learning a lot form you all.
  • #6,323
  • Oct 11, 2009 1:34pm Oct 11, 2009 1:34pm
Following the interest rate decision and a lot better then expected Labour Employment the Aussie had a furious rally into the 0.9090 area. On the weekly chart as well as the 4H chart the AUD/USD is in extreme overbought condition, wich makes the pairs due for a correction. I will be offering AUD/USD into what's left from his strengh, the 0.9115 area with 40 pips stop loss, targeting T1 = 0.899, initially. Will see traders...Will watch a possible correction on the Gold too to help our dollar to regain some strengh. Sit and hope here...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 4h.jpg Size: 257 KB
  • #6,324
  • Oct 11, 2009 6:23pm Oct 11, 2009 6:23pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Holiday in US and JPY ...

no wonder they are on recession ... they should be working 24/7

anyway, I am bit confused this week … so no comments from me …

I am still holding my short and gonna add more at 9110


On the downside, I am planning to go long at 8780
  • #6,325
  • Oct 11, 2009 6:35pm Oct 11, 2009 6:35pm
morning evreyone! monday is here and see lot of chart in this thread good job
  • #6,326
  • Oct 11, 2009 7:57pm Oct 11, 2009 7:57pm
Quoting G_Man
Holiday in US and JPY ...

no wonder they are on recession ... they should be working 24/7

anyway, I am bit confused this week … so no comments from me …

I am still holding my short and gonna add more at 9110


On the downside, I am planning to go long at 8780
hey mate,

I read you made some nice profit on your "massive" short with TP of .9016 which got hit.

Wouldn't you consider going long from these levels?

if not, may i know the reason why?

thx
  • #6,327
  • Oct 11, 2009 7:59pm Oct 11, 2009 7:59pm
Would love to know what you guys think about this pair please? I think it should drop with AUD/USD (when that happens) but I would love to hear if any of you guys have a thought on it?

Cheers
  • #6,328
  • Oct 11, 2009 8:04pm Oct 11, 2009 8:04pm
Quoting shahab8b
There is a possibility of forming a Double top/ at 1hr chart. it means we might have a short term top
http://img40.imagefra.me/img/img40/2...7m_5c4d5e9.png

just the way i see it
  • #6,329
  • Oct 11, 2009 8:12pm Oct 11, 2009 8:12pm
Quoting chiefchimp
Would love to know what you guys think about this pair please? I think it should drop with AUD/USD (when that happens) but I would love to hear if any of you guys have a thought on it?

Cheers

whats the time frame are you trading Chiefchimp?

http://img03.imagefra.me/img/img03/2...1m_3da93f6.png
  • #6,330
  • Oct 11, 2009 8:16pm Oct 11, 2009 8:16pm
whats the aud/nzd cross chart exhibit?bull in the making?

http://img01.imagefra.me/img/img01/2...7m_c09c9f7.png
  • #6,331
  • Oct 11, 2009 8:26pm Oct 11, 2009 8:26pm
Quoting ben10
morning evreyone! monday is here and see lot of chart in this thread good job
Ben, I'm still skeptical about these kind of consolidation on AUDUSD, they tend to be a continuation pattern all the time (rectangle usually), this one looks like a Descending triangle,( as its previous move was an upward ,it might break to the upside too,become a flag/pennet C.pattern) anyway, I have a pending short stop order if it's break out to the down side,

Pendind short at .8995
SL .9055
1st TP .8955
2nd TP ,TBD (will move SL to B/E)
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 15 KB
  • #6,332
  • Oct 11, 2009 8:27pm Oct 11, 2009 8:27pm
Quoting ben10
whats the time frame are you trading Chiefchimp?
H4 Ben.

Can you explain your chart a bit to me please? (Sorry it's 2.20am here in the UK, so I'm a bit slow tonight doh). Thanks!
  • #6,333
  • Oct 11, 2009 8:32pm Oct 11, 2009 8:32pm
Quoting shahab8b
Ben, I'm still skeptical about these kind of consolidation on AUDUSD, they tend to be a continuation pattern all the time (rectangle usually) I have a pending short stop order if it's break out to the down side,

Pendind short at .8995
SL .9055
1st TP .8955
2nd TP ,TBD (will move SL to B/E)
Hi Shahab8b, aud/nzd cross is up so i see it as bearish outlook for the twin tasman (aud/usd and nzd/usd) see my previous chart post. i have reasonable limit short order for the aussie at 9090

http://img38.imagefra.me/img/img38/2...7m_9287355.png
  • #6,334
  • Oct 11, 2009 8:35pm Oct 11, 2009 8:35pm
good morning guys

AUD still looking for direction
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,335
  • Oct 11, 2009 8:39pm Oct 11, 2009 8:39pm
Quoting Kristo
An impressive run from 86 which is now parked on the 78.6 Fib line. Next week will be interesting.
afternoon Kristo, the week just begun and im also at war right now with all aussie traders at cnbc currency challenge and my portfolio so far

eur/aud x aud/nzd x nzd/usd x usd/chf x chf/jpy = eur/jpy long syntheticly
  • #6,336
  • Oct 11, 2009 8:41pm Oct 11, 2009 8:41pm
Quoting blue_z_zz
good morning guys

AUD still looking for direction
mornin BlueZ_ZZ dont like weekend hey? itchy finger?
  • #6,337
  • Oct 11, 2009 8:43pm Oct 11, 2009 8:43pm
wat do say ? nice one hey trade the cross aud/nzd!! yee haa
  • #6,338
  • Oct 11, 2009 8:46pm Oct 11, 2009 8:46pm
Quoting ben10
mornin BlueZ_ZZ dont like weekend hey? itchy finger?
yah like to make money
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,339
  • Oct 11, 2009 8:49pm Oct 11, 2009 8:49pm
Quoting ben10
Hi Shahab8b, aud/nzd cross is up so i see it as bearish outlook for the twin tasman (aud/usd and nzd/usd) see my previous chart post. i have reasonable limit short order for the aussie at 9090
Ben, IMO if it gets to .9090 (top is .9089) means this one will be a C.rectangle, will break into upside & the traget is the hight of the pattern, around 91.80 , it has tested this top twice, so there are two scenario if gets there 1- a rectangle C.pattern/ 2-a triple top (at 1hr chart) , I presonally go for the C.pattern
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 13 KB
  • #6,340
  • Oct 11, 2009 8:49pm Oct 11, 2009 8:49pm
Quoting shahab8b
Ben, I'm still skeptical about these kind of consolidation on AUDUSD, they tend to be a continuation pattern all the time (rectangle usually), this one looks like a Descending triangle,( as its previous move was an upward ,it might break to the upside too,become a flag/pennet C.pattern) anyway, I have a pending short stop order if it's break out to the down side,

Pendind short at .8995
SL .9055
1st TP .8955
2nd TP ,TBD (will move SL to B/E)
shahab i agree with you this might be a bullish flag for me i short if it breaks 9011 and go long if it breaks prevuos high for now im on the side lines watching and preparing to attack
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
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