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AUD/USD

  • #15,821
  • Feb 9, 2010 1:14pm Feb 9, 2010 1:14pm
Quoting Hell7
This move could be over for now
So far, so good. Next hurdle, the green trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100209audD.gif Size: 26 KB
  • #15,822
  • Feb 9, 2010 1:32pm Feb 9, 2010 1:32pm
Last week I have made +376 pips with my method.

My AUD/USD analysis:

4.1 AUD/USD WEEK
http://www.2targetsmethod.com/images...2/image002.jpg

Since last week the situation has not changed. An uptrend. The price did not hit on the move quick reversal level 7/8, coinciding with target T1, and went down. Given that the price went through 3 MM-lines without much correction, a trend’s reversal from this level is possible.

4.2 AUD/USD DAY
http://www.2targetsmethod.com/images...2/image011.jpg

Since last week the situation has not changed much. We see an uptrend. All targets are along the trend and quite close to each other. There is a retracement from strong level 6/8, which is significant on weekly charts. This may be a beginning of a downtrend. However, if the uptrend continues, the price will very likely reach level 8/8, which is lower than target T1, because on the way to this level the price has only weak local reversal level 7/8.

4.3 AUD/USD 240
http://www.2targetsmethod.com/images...2/image012.jpg

We see a downtrend, on the way to target T1 there are no strong reversal levels, which are significant on senior time frames, there are only local level 2/8 and 1/8, a retracement or a trend’s reversal from them is also possible. The price has good chances to reach target T1.
  • #15,823
  • Feb 9, 2010 2:10pm Feb 9, 2010 2:10pm
Not in my opinion either. The markets have to give some up, look to reload.
Annoying Precision
  • #15,824
  • Feb 9, 2010 2:35pm Feb 9, 2010 2:35pm
Not to me, I see another up day for Wednesday.

8850 approx for aud
  • #15,825
  • Feb 9, 2010 2:48pm Feb 9, 2010 2:48pm
Quoting TraderDTS
Last week I have made +376 pips with my method.

My AUD/USD analysis:

4.1 AUD/USD WEEK
http://www.2targetsmethod.com/images...2/image002.jpg

Since last week the situation has not changed. An uptrend. The price did not hit on the move quick reversal level 7/8, coinciding with target T1, and went down. Given that the price went through 3 MM-lines without much correction, a trend’s reversal from this level is possible.

4.2 AUD/USD DAY
http://www.2targetsmethod.com/images...2/image011.jpg

Since last week...
Last week i took 200 pips on AUDUSD ,this week took 100 pips just becouse i put fix TP i wasnt at home,according my setup still long no short yet...



Cheers
"Buy on fear, sell on greed !!!
  • #15,826
  • Feb 9, 2010 2:54pm Feb 9, 2010 2:54pm
Getting the ammunition together. I reckon the next big move down will be Monday, starting late Friday (NY Time). I have exited all shorts ( -10 pips on AUD, -10 pips Dow), currently waiting for the right set up. I suggest keep an eye on the Gold, Cupper and Oil prices as AUD will move up if these increase. Internal turmoil in Iran will have a direct impact on Gold and Oil prices. Thursday will tell which direction they will go.
Find a job that you love and you dont have to work again in your life.
  • #15,827
  • Feb 9, 2010 3:09pm Feb 9, 2010 3:09pm
I'm not sure if the USD index wants to retrace all the way down to 76 or not. :/ Short-term I think AU will go down, but I'm not convinced of a big move yet. Have see. .88 is pretty good resistance though
  • #15,828
  • Feb 9, 2010 3:17pm Feb 9, 2010 3:17pm
3 chart
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  • #15,829
  • Feb 9, 2010 3:23pm Feb 9, 2010 3:23pm


Another extract from Westpac's bulletin
US dollar forecasts

Latest (Feb 5) Mar 10 Jun 10 Sep 10 Dec 10 Mar 11

JPY 88.98 88 91 9 100 106
EUR 1.3739 1.38 1.36 1.4 1.43 1.46
AUD 0.8642 0.86 0.85 0.9 0.95 0.93
NZD 0.6874 0.68 0.68 0.74 0.79 0.78
CAD 1.0725 1.07 1.08 1.03 0.98 1.00
GBP 1.5754 1.62 1.58 1.65 1.68 1.74

CHF 1.0660 1.06 1.06 1.06 1.05 1.06
Find a job that you love and you dont have to work again in your life.
  • #15,830
  • Feb 9, 2010 3:23pm Feb 9, 2010 3:23pm
Quoting Clouds
I'm not sure if the USD index wants to retrace all the way down to 76 or not. :/ Short-term I think AU will go down, but I'm not convinced of a big move yet. Have see. .88 is pretty good resistance though
it better holds coz I took a short at .8790 with a SL over .8800
RRR is good but the confidence is not high
  • #15,831
  • Feb 9, 2010 3:28pm Feb 9, 2010 3:28pm
Quoting shahab8b
it better holds coz I took a short at .8790 with a SL over .8800
RRR is good but the confidence is not high
i took short at .8782, SL over .88 as well. It's good set up , I suppose. Below .8750 I'll have more confidence.
  • #15,832
  • Feb 9, 2010 3:29pm Feb 9, 2010 3:29pm
Hmm, shorts at this level are not appealing to me...too many lemmings are crowded around this level. They should bail on a breach of 8980 or 0.90 ....there I shall consider a nice short.
  • #15,833
  • Feb 9, 2010 3:34pm Feb 9, 2010 3:34pm
Quoting Warwick
too many lemmings are crowded around this level. .
how can u tell
  • #15,834
  • Feb 9, 2010 3:45pm Feb 9, 2010 3:45pm
Above .88 would mess up my charts, can't have that happen
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  • #15,835
  • Feb 9, 2010 3:51pm Feb 9, 2010 3:51pm
Nice. 8:30pmAUD
Home Loans m/m
  • #15,836
  • Feb 9, 2010 3:52pm Feb 9, 2010 3:52pm
I have exited all aud shorts and am waiting for price to catch up with the green highs which hopefully it should do sometime on Wednesday. I said on Monday that a bounce off the green lows on friday at 8579 and price needs to move all the way back to the highs before shorting again...but then i went and shorted yesterday anyway, not smart.
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Click to Enlarge Name: aud.GIF Size: 13 KB
  • #15,837
  • Feb 9, 2010 4:02pm Feb 9, 2010 4:02pm
Quoting amyc
I have exited all aud shorts and am waiting for price to catch up with the green highs which hopefully it should do sometime on Wednesday. I said on Monday that a bounce off the green lows on friday at 8579 and price needs to move all the way back to the highs before shorting again...but then i went and shorted yesterday anyway, not smart.
i short yesterday, and today too, though. I haven't learned my lesson. What do u think will happen when news comes out a few hours/
  • #15,838
  • Feb 9, 2010 4:09pm Feb 9, 2010 4:09pm
Quoting Clouds
i short yesterday, and today too, though. I haven't learned my lesson. What do u think will happen when news comes out a few hours/
I don't know
  • #15,839
  • Feb 9, 2010 4:13pm Feb 9, 2010 4:13pm
Quoting Clouds
i short yesterday, and today too, though. I haven't learned my lesson. What do u think will happen when news comes out a few hours/
i told you yesterday my friend,waiting news is absourd and cassino,did you put SL on your trades ?
"Buy on fear, sell on greed !!!
  • #15,840
  • Feb 9, 2010 4:15pm Feb 9, 2010 4:15pm
Quoting Petar_Serbia
i told you yesterday my friend,waiting news is absourd and cassino,did you put SL on your trades ?
yes u were right yesterday.
news was bonus, i didnt know about it when i put trade , yes my stop 8810
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