AUD/USD | Page 746 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #14,901
  • Jan 31, 2010 8:28am Jan 31, 2010 8:28am
Quoting M.A.C.Doug
I agree - I normally trade EUR/USD exclusively but I saw a better opportunity occuring on this pair and i have shifted my focus for a while. I live in Melbourne and I am aware that we have inflation on the rise and will almost definetly get a rate rise next meeting. Bernanke, on the other hands is saying he will keep rates flat for a long time - That means go long AUD/USD to me so I switched charts to have a look for a long entry. Instead I saw the shorting opportunity of the year! It looks to me like risk is going to dominate the market for the...
Hi M.A.C.Doug,
I visited your thread and I love your story of success. besides today I notice you had the same AB=CD pattern in EURUSD as I did (but you posted it on 24th the credit is all yours!!). to be honest I'm thinking of how these patterns are explainable all together
1- a very bearish pattern in Kiwi and Aussie
2-a suspected bearish count on Gold (if the S at 1,075 holds it could be a very bullish sign for a next leg up though to make it like a butterfly/gartley whatever)
3-an AB=CD pattern to be competed this week which is a bullish sign on EURUSD and bearish for USDCHF (I posted ab=cd for CHF on my thread)

to sum up, how we can be so bearish on kiwi and assuie but bullish on Eur and Chf ? I like to have your thoughts on this as you seem so experience.thanx
  • #14,902
  • Jan 31, 2010 8:31am Jan 31, 2010 8:31am
Quoting peetee09
Potential EW count for AUD. RBA may save break of 0.8715 in ST but equities downturn may accelerate the downsideAttachment
hi peetee09,
is it what you really believe or you are affected by Vincy EW analysis?
  • #14,903
  • Jan 31, 2010 11:17am Jan 31, 2010 11:17am
Quoting Hell7
Evening star reversal
And the result
Attached Image (click to enlarge)
Click to Enlarge Name: 20100129audW.png Size: 9 KB
  • #14,904
  • Jan 31, 2010 12:10pm Jan 31, 2010 12:10pm
Quoting Hell7
And the result
Yep true, You made a Great call hell7
  • #14,905
  • Jan 31, 2010 12:20pm Jan 31, 2010 12:20pm
Good afternoon all.

I have been busy trading the Euro the past few days, lots of opportunities there with the USD and CHF.

I see everyone has a continuing bearish view with the AUD/USD as well. I see the charts confirm, but there will be plenty of fundamentals this week that may alter the outlook.

My monthly charts are still bullish,(charts will follow shortly as I am not at home), so I probably will look to open a long and adding to it should the bears remain in control.

Kim
  • #14,906
  • Jan 31, 2010 12:40pm Jan 31, 2010 12:40pm
AUD USD

Reversal time
Attached Image (click to enlarge)
Click to Enlarge Name: AU padrao 1 A.jpg Size: 92 KB
My English its not very well, be patient
  • #14,907
  • Jan 31, 2010 4:10pm Jan 31, 2010 4:10pm
My buy order for AuD/JPy didn't go through at 79 but got it at 79.3 at least.
  • #14,908
  • Jan 31, 2010 4:27pm Jan 31, 2010 4:27pm
Quoting Clouds
My buy order for AuD/JPy didn't go through at 79 but got it at 79.3 at least.
quick few pips, but im out, ill wait for london
  • #14,909
  • Jan 31, 2010 4:36pm Jan 31, 2010 4:36pm
Quoting Hell7
And the result
bravo
  • #14,910
  • Jan 31, 2010 4:39pm Jan 31, 2010 4:39pm
I see a possible reversal pattern this week for pairs against the usd. The usd is going to run into a wall of resistance at 80.0 -80.5.
I will be taking profits on aud shorts at 8755 as shown below. Corresponding price for the euro is 1.3743.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.GIF Size: 22 KB
  • #14,911
  • Jan 31, 2010 4:47pm Jan 31, 2010 4:47pm
Quoting amyc
I see a possible reversal pattern this week for pairs against the usd. The usd is going to run into a wall of resistance at 80.0 -80.5.
I will be taking profits on aud shorts at 8755 as shown below. Corresponding price for the euro is 1.3743.
Hi amyc, why eur at 1.1374? I have a very bullish pattern for eurusd to be completed at 1.3750 , I posted at my thread. I like to have your idea about it .thanx
  • #14,912
  • Jan 31, 2010 4:54pm Jan 31, 2010 4:54pm
Below is my daily chart for the euro. Ignore all the lines except the yellow ones which are monthly.
Because we opened February below 1.4101 then I am confident that we will touch 1.3743 during the month, also we broke out of the January lows at 1.4098 and 1.3989 which makes me doubly confident.

Its only 7 pips difference between our levels so i would say we are in agreement.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.GIF Size: 24 KB
  • #14,913
  • Jan 31, 2010 4:56pm Jan 31, 2010 4:56pm
Quoting kimd
Good afternoon all.

I have been busy trading the Euro the past few days, lots of opportunities there with the USD and CHF.

I see everyone has a continuing bearish view with the AUD/USD as well. I see the charts confirm, but there will be plenty of fundamentals this week that may alter the outlook.

My monthly charts are still bullish,(charts will follow shortly as I am not at home), so I probably will look to open a long and adding to it should the bears remain in control.

Kim

Made it in at 8801, looking for 9055-9100.

Lots of news this week to look forward to.

Happy pippin
  • #14,914
  • Jan 31, 2010 4:57pm Jan 31, 2010 4:57pm
i kind of agree about the dollar bullish coming to a relative halt for a while. many are probably taking profit in usd/cad at 1.07 - well thre's a chance
  • #14,915
  • Jan 31, 2010 5:04pm Jan 31, 2010 5:04pm
Quoting amyc
Below is my daily chart for the euro. Ignore all the lines except the yellow ones which are monthly.
Because we opened February below 1.4101 then I am confident that we will touch 1.3743 during the month, also we broke out of the January lows at 1.4098 and 1.3989 which makes me doubly confident.

Its only 7 pips difference between our levels so i would say we are in agreement.
will you take a long at 1.3743 ?
  • #14,916
  • Jan 31, 2010 5:09pm Jan 31, 2010 5:09pm
No, because it is trading below significant quarterley and yearly suport levels, i will be looking for a new place to short from.
  • #14,917
  • Jan 31, 2010 5:17pm Jan 31, 2010 5:17pm
Quoting Banksia
Charming, charming, charming! What a great idea for you to go back and live in the US, Australia will be so much better off for it.
Uhh, no it won't. It will be exactly the same. Thanks for illustrating the stupidity of the QLD public for the rest of the forum. You've just proven my point.
  • #14,918
  • Jan 31, 2010 5:20pm Jan 31, 2010 5:20pm
Patience,

If what you're saying about London is true, the only difference is the flag and the weather. You've just described QLD perfectly.
  • #14,919
  • Jan 31, 2010 5:28pm Jan 31, 2010 5:28pm
Fundamentally speaking, does anyone see the rate rise as a negative?

Inflation in AUD is on the rise, consumers will be able to spend less, unless they raise their debt levels. Commodities demand is lower, and although some analysts are predicting higher prices, the high paying jobs in commodities are continuing to disappear as resource companies continue to reduce expenses.

Demand overall for consumer products should drop. I don't see any potential growth in Australia that would prompt large institutions to plonk down large sums into even the largest of Australian companies.

In the past, we'd normally see AUD moving higher with a rate rise expecation, but thus far it's not happening. We have 24 before the next decision. Is this rise going to occur now?

I'd have to predict fairly flat action.
  • #14,920
  • Edited 6:18pm Jan 31, 2010 5:35pm | Edited 6:18pm
Quoting shahab8b

to sum up, how we can be so bearish on kiwi and assuie but bullish on Eur and Chf ? I like to have your thoughts on this as you seem so experience.thanx
The respect is mutual. I love your work with COT and it is your analysis with COT that was the clincher for my aggressive bearish position

Im not bullish EUR/USD I use the abcd patter to project an initial target but not as a signal to go long at that target although a rally on profit taking alone is likely
There are always good arguments for either direction. The case for Aussie long at the moment is particularly strong given recent fundamental indicators being favourable to risk and higher inflation readings in Australia. Bernanke's promise to keep interest rates low in his country give the green light for the carry to continue. If AUD/USD rallies from here it will look like a bounce at support on the chart and an excellent opportunity to have gone long. However, I am betting that the current rally is phoney and that we have not seen the last of the GFC fallout. Only this time it will be much worse because there are no more interest rate cuts left and there is no more money left for stimulus only massive sovereign debt. The eurozone problems will not be contained and there are more problems waiting in the wings. All it will take is one more issue to surface and traders will sell hard. For these reasons I believe the upside is limited and even if the timing is off, it will happen sooner rather than later. As a trader we get paid to take risk and if nothing else my gut feeling is strong so I am backing it. Your COT analysis was the extra confirmation I needed.

Quoting the top bloke
Fundamentally speaking, does anyone see the rate rise as a negative?
It can be seen as negative for equities and therefore risk. I think we will see a buy the rumour, sell the fact pump and dump scenario for this release This analyst agrees http://fxmarketanalysis.wordpress.co...e-hike-coming/
BTC Return This Year: na
43 traders viewing now