GBP/AUD going up 200 points? | Forex Factory

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GBP/AUD going up 200 points?

  • #1
  • First Post: Oct 2, 2006 12:53pm Oct 2, 2006 12:53pm
what u think guys it is going up 200 points or not ?
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  • #2
  • Feb 17, 2009 9:19pm Feb 17, 2009 9:19pm
I have no history trading this pair, but it has recently caught my attention - due to fundamentals.

I'm thinking this pair could go down over the next few months, because:

England is realistically near bankruptcy, or at least is in a really bad way financially
and
Gold is bull in this global economic downturn
and
Australia basis its currency on gold, and has not been hit as hard when it comes to the economic woes of most other major nations...

So, a weakening GBP and a strengthening Aussie Dollar might make for a nice downturn on the GBP/AUS...

BUT, I am not a fundamental trader, nor do I take multi-week postiion trades, so I don't have total confidence on placing a trade at the moment, but I would love to hear any one elses thoughts on this pair.
"Discipline is the key ingredient to Personal Freedom"
  • #3
  • Feb 17, 2009 9:22pm Feb 17, 2009 9:22pm
PS - Dear Moderator (Twee?)

i see this string is placed under "Trading Systems", and should be moved to
"Interactive..." or "Discussions"...
"Discipline is the key ingredient to Personal Freedom"
  • #4
  • Sep 16, 2009 4:44am Sep 16, 2009 4:44am
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Click to Enlarge Name: GBP.AUD-6-25(1).gif Size: 25 KB
  • #5
  • Sep 23, 2009 3:46am Sep 23, 2009 3:46am
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Click to Enlarge Name: GBP.AUD-7-1(1).gif Size: 26 KB
  • #6
  • Oct 13, 2009 9:19pm Oct 13, 2009 9:19pm
I'm suprised not many people are paying attention to this cross. i find it being one of the most reliable trends to date. anyone else out there profiting from this pair?

regards
  • #7
  • Oct 13, 2009 9:25pm Oct 13, 2009 9:25pm
it's pulled back quite nicely and ive increased my overall position once again.

it is my belief there is more reliability in backing the AUD over the GBP than over the USD.

Some reasons that lend me to believe this. - more is being done to keep america afloat across europe and asia than there is with the britian in terms of trade balance.

long term view this trend we currently see will continue for quite sometime.
  • #8
  • Feb 25, 2010 7:25am Feb 25, 2010 7:25am
Hi. I was wondering if anybody has an opinion on the GBP/NZD? as i know it is closely related to GBP/AUD.
I have been trading for a couple months with some succes and would like to know if anybody shares my opinion.
My long term opinion on GBP/NZD is that the nzd will weaken. I dont think the economy is as good as the rate suggests and it is only riding on the back of the Aud.
New Zealand relys a lot on exports and with the nzd so strong it makes things expensive to foreign buyers, so i believe it is in their interest to weaken the currency.
I lived there for a while and the area i was in is mainly dependant on wine production. NZ wine was quite expensive anyway but now it is more so, and when exporting to UK and US, where people are cutting back, meaning orders will drop, local people who rely on the industry, (vineyard workers, transport companies, welders, and more) wont have the money to spend. I know that they export much more (timber etc), but i think if china has any problems it will hit Aud, NZD hard.
Also from a technical point the january low was higher than the october. I see a possible retrace to 2.42
any thoughts/ opinions would be much appreciated
  • #9
  • Jun 21, 2010 2:31am Jun 21, 2010 2:31am
http://askafo.com/apic/2162010ga-454f454rya14bv.PNG

he like too 1.9664 to go up !~ or maybe 1.7090
After that I see the forcast about down...
I think 1.7080 is the Good point for sell !
A little beginner trader since 2006
  • #10
  • Jun 22, 2010 4:19am Jun 22, 2010 4:19am
http://askafo.com/apic/2262010ga-ghjo1635asgfth89.PNG
A little beginner trader since 2006
  • #11
  • Jun 22, 2010 10:18pm Jun 22, 2010 10:18pm
Personally optimistic about the Australian, British austerity policies, a certain period of time a lot of pressure pounds.
  • #12
  • Jun 29, 2010 7:29pm Jun 29, 2010 7:29pm
check out the 4h chart on this guy: Tripple top in the 7880 -7730 area, with good apparent resistance at around the 7740's back in may, and november and december of 2009. looks like a set up for a nice short. take care though - this is a NFP week!

Trader beware - I am only a trader myself, this is merely one person's opinion.
"Discipline is the key ingredient to Personal Freedom"
  • #13
  • Last Post: Jun 30, 2010 6:56am Jun 30, 2010 6:56am
so, I got in, going short, at 1.7741, with a Stop Loss set at 1.7759, at 20:35 GMT, for a total risk of 18 pips. This pair is now trading at 1.7618, and Stop Loss has been moved to 1.7675. Worst case senario at this point is I get stopped out with a profit of 66 pips, when only risked 18
"Discipline is the key ingredient to Personal Freedom"
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