AUD/USD

All i know is by my chart we still havent had a close below the TL if you plot the low on 3/26 and 4/6...also as i stated b4 im new here and found geppys thread to be more my style...one touch trades are great and she bounced right off the 40MA...looking at a daily though no reason it cant come down to test that bottom TL

Australian Dollar vs US Dollar

If you have noticed the interest rate that Australia Central Bank raised up last week,you won’t want to miss this great opportunity to BUY Australia Dollar!
http://lh3.ggpht.com/_WdCVNN-NiCg/S8...png?imgmax=800
You can look at the AUDUSD pair in 4hours chart at above,the AUDUSD has pulled back to the major trend line at Support 3 and all the way go up to Resistance 2 which is 0.9359 (top of purple circle area).
For my own trading, I have been long AUDUSD for 3 days since 8 April 2010, I entry the position at Support 3 area (bottom of purple circle) and it reached my target point which is Resistance 2 (0.9359).
The main reasons for buying Australia dollar can be divided into Fundamental and Technical Analysis.
From the Fundamental Analysis, Australia Central Bank has raised up their interest rate to 4.25% from 4.00%, which provide me a great reason and opportunity to buy AUDUSD. *According to economy theory, interest rate goes up will appreciate the currency as Demand will increase!
From the Technical Analysis, we can see from 4 hours chart above, AUDUSD has pulled back to the support 3, formed a Doji candlestick LONG signal and stopped at major trend line.
If you look at the 1H Chart,you will get a clearer image for entry the market.
http://lh5.ggpht.com/_WdCVNN-NiCg/S8...png?imgmax=800
The red square that I drew in the picture at above is the very STRONG signal for going into the market. Price was not going down but maintain at above of 89 Moving Average Line (blue color line),then it went up to a slightly above of Support 1, and pulled back to Support 2, then all the way went up to Resistance 2 above with a gap as well.
I gained 120++ pips for this pair and I have closed part of my position.I will looking forward to find a good target point again to close all my position in AUDUSD.

What can I say? Greece has been rescued! BUY EURO!

http://lh3.ggpht.com/_WdCVNN-NiCg/S8...gif?imgmax=800

Ladies and gentlemen, look at what IMF has done to Greece and you will know why EURUSD,EURJPY,EURGBP and all Euro pairs have gone up crazily!

According to the report, Greece got 45 Billion Euro Rescue package at 5% interest rate for 3 years loan. IMF will provide at least 100 Billion Euro in the first year as a rescue package and this is the biggest financial rescue plan!

Therefore,not only myself,but everyone has very confident to buy EURO and we will see the following week, most of the EURO pairs will trade much above.

I will looking forward to buy EUR/GBP,EUR/USD and EUR/JPY as market will be confident with the Greece rescue plan.

Stay with the market and follow the major trend!

Hope this is help you.

Charles BY

http://booyu.blogspot.com

http://ecx.images-amazon.com/images/...7L._SL160_.jpg Standard & Poor's/Trendline Current Market Perspectives, July 1998 (Industry Group Line Edition; 2370 Action Charts on the Leading NYSE, NASDAQ and ASE stocks)

booyu, can you please use even more colors - it's hard to pay attention.

http://1.bp.blogspot.com/_8texnURUcC...AUDUSDBlog.bmp

http://4.bp.blogspot.com/_8texnURUcC.../BlogForex.bmp

Ya, it's a couple pips away. If it hits it I will go long with a 10 pip stop.

I have a long pending order at 9204 which is the 150ma on the H4. We also have the daily S and weekly S at about 9222 and 9218 as well as a TL that you can see in pink on my H4 chart. I too have a tight SL on this one. Being that it is under the Black MA on my chart that is not a good sign for the bulls.

Found S at the Daily S 9222 but beware of 200ma on H1

Still a little early to call but it appears to be breaking out of the downward channel. My (tentative) targets are 9300 tonight and 9350 tomorrow.

It will be a nice place to go short.....

It was the TP 1 , & now we need a retrace to reload short position.

I have short going with a TP at around 0.9190 which is the red line. SL is at the green line at around 0.9300

well it looks like it will be a slow day today but at least it will slowly climb (good for longs)

short 9310 tp 9050

Long 0.9310 TP 0.9345

http://4.bp.blogspot.com/_8texnURUcC.../BlogForex.bmp

Im on long side as well though im looking to jump out soon...i bought in on a close above the 20MA on the 2hr after it tested the 40MA...also had the DI lines crossing to the upside..

any SL?

Short .9313, expect a break of .9224 and a lower low to be posted

Yes SL 0.9290