AUD/USD

Technically speaking there is a bullish flag there at 4hr chart, but subjectively I'm more to the down side, I think she cant break higher for now

wait i get the screeen shot

weak support but if you dont mind risking about 20 pips go for it and short it

http://img38.imagefra.me/img/img38/2...sm_37f79dc.png

break below 9060 i'll add more short

did anyone trade EURGBP Ascending triangle break out that I mentioned earlier today? I just closed it ,it made a sweet 70 pips profit,

this chart of yours is still valid IMO

thats sweet Shahab8b

Ben, you know I'm more short on this one than long but the consolidation there is still tricky, might cause trouble agian for short positions if it breaks higher like a bull flag (the target will be around .925-.93 ish),

Very nice trade! Do you see a short opportunity anytime soon with this pair.... perhaps a psychological barrier like 0.9500?

absolutely she could go all the way to 95, hedge it buddy!

im out of here , see you all at tokyo open, CIAO!

http://gftnet.gftforex.com/uploads/ppp1009_2.jpg



How Undervalued is the U.S. Dollar?
Despite the fact that the Australian and New Zealand dollars have appreciated more than 25 percent against the U.S. dollar since January, they are not necessarily the most overvalued currencies on a purchasing power parity basis (PPP). Of the 7 major currencies, the Swiss Franc and the Euro are the most overvalued against the dollar which by the same token means that the dollar is the most undervalued against these currencies. The least overvalued are the British pound and Japanese Yen (we categorize the degree of overvaluation by taking the average of the 3 PPP models). Although PPP certainly has its limitations, it provides us with context. For example, the current valuation of the dollar suggests that even though the Australian and New Zealand dollars have appreciated the most against the greenback this year, it may have more room to run than the Swiss Franc and Euro. (FX360)
http://www.fx360.com/commentary/kath...=1255368104578

This retrace is going to be a big one, I'm aiming for 0.8650

I'm looking for it, GBPUSD COT index is bearish extreme (0) ,and EURUSD COT index is bullish extreme (100) so the derived EURGBP sentiment would be double extreme!! timing is everything , I'll let you know when I'm about to go it short

Long N/U now on the good news, but still short A/U and A/J.
Dont think the Aussie will go over 91 today, the Kiwi may test new highs though?

Interesting story from FX360.com ...

Watching for the Ultimate Contrarian Indicator
Bloomberg and CNBC have been talking about the U.S. dollar throughout the trading day while the Financial Times carried a prominent story in today’s paper about The Case for a Weaker Dollar. Time Magazine also published an online story about Why Investors Should Bet against the Dollar which indicates that its sharp depreciation has already caught the attention of nonfinancial media. At this point, we are watching for the ultimate contrarian indicator, which is Magazine Covers. The curse of the Magazine Cover is something that is often utilized in the stock and commodity markets. The idea is that once a company or a commodity market makes the cover of a general business publication like the Economist or Business Week, the bull-run is nearly over. The indicator also applies to the currency market and is in fact probably one a popular method of determining a top or bottom. In the following chart, we have highlighted that last 4 times that the dollar was featured on the cover of a major magazine. On March 21, 2005, the cover of Newsweek was “The Incredible Shrinking Dollar.” Days after the magazine was published, the dollar soared more than 500 pips against the euro. On December 4, 2004, the cover of the Economist was a story on the “Disappearing Dollar.” Two months later, the EUR/USD http://www.fx360.com/App_Common/images/chart-icon.gif fell more than 400 pips and about 11 months later, the currency pair was trading down more than 1500 pips. The same situation happened in December 2006 and December 2007 when the dollar once again graced the covers of the Economist. Although the rally in the dollar paled in comparison to the 2004 move, the knee jerk reaction still amounted to approximately 500 pips. The dollar is currently trading at much weaker levels which mean that if the greenback continues to weaken, there is a good chance that we will once again see a cover story about the shrinking or disappearing dollar and when that happens, it will be the “Ultimate Contrarian Indicator.” For our forex newbies, this means a signal that the dollar could stage a strong rally.

Thanks for pointing this out to me. I thought it was rather odd today to see a story on the regular news channel about the US dollar. They also mentioned soaring gold prices.

my finger is wet

http://img38.imagefra.me/img/img38/2...5m_0815974.png

sh1t the stop taken and shes slowing

short term road map, will enter just below 9094

http://img02.imagefra.me/img/img02/2...em_211043d.png