Attachments: AUD/USD

AUD/USD

#22,421
Jul 20, 2010 5:48am Jul 20, 2010 5:48am

MarketInvest
| Joined Jul 2010 | Status: Trader | 46 Posts

Hungary failed to sell all the debt that was planned for todays auction. Very soon other european countries will begin to get bust. This is just the begining. USD got stronger.

MarketInvestor

#22,422
Jul 20, 2010 6:17am Jul 20, 2010 6:17am

Amie_Senior
| Additional Username | Joined Jun 2010 | 151 Posts

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R & S , That Is All !...

#22,423
Jul 20, 2010 9:28pm Jul 20, 2010 9:28pm

learntowin
| Joined Jan 2009 | Status: Trader | 423 Posts

IMO,

As long As 0.8760 holds,

The Trend is still Up

#22,424
Jul 21, 2010 2:19am Jul 21, 2010 2:19am

ozpips
| Joined Sep 2009 | Status: Jack of all Trades | 328 Posts

It seems everybody has abandoned this pair. It keeps stitching me up. About to make a new high and slice through the 8850 stops and why wouldn't it?

#22,425
Jul 21, 2010 3:21am Jul 21, 2010 3:21am

domino
Joined Apr 2009 | Status: Trader | 1,438 Posts

Quoting ozpips

Disliked

It seems everybody has abandoned this pair. It keeps stitching me up. About to make a new high and slice through the 8850 stops and why wouldn't it?

Ignored

nobody abandoned it... im long

#22,426
Jul 21, 2010 3:43am Jul 21, 2010 3:43am

caldera
Joined Nov 2009 | Status: Trader | 355 Posts

i'm also long at the moment...

the fundamentals look good for the Aussie but i think it's being weighed down by the Euro and GBP...

CPI data in a few days time should provide a boost, but, we'll have to wait and see...

slightly concerned about the 0.887 key level which is providing strong resistance... on the downside 0.880 seems to be the key support level...

#22,427
Jul 21, 2010 4:21am Jul 21, 2010 4:21am

MarketInvest
| Joined Jul 2010 | Status: Trader | 46 Posts

Quoting caldera

Disliked

slightly concerned about the 0.887 key level which is providing strong resistance...

Ignored

That level is the 61% fibonaci retracement of the last move down. Never gets easy to break it. Don't know if we'll get to make new relative highs or not, but major trend is still down. Stochastic overbought.

Have no position on this pair (yet).

Cheers

MarketInvestor

#22,428
Jul 21, 2010 4:42am Jul 21, 2010 4:42am

caldera
Joined Nov 2009 | Status: Trader | 355 Posts

.887 has been a significant support/resistance in the past... the 61.8 fib makes it even more important... in addition the daily 100MA is also sitting there... the confluence of these three will make any breach difficult... and i guess the stochastics don't help...

if the price does make it above and is sustained should be good for longs...

Quoting MarketInvest

Disliked

That level is the 61% fibonaci retracement of the last move down. Never gets easy to break it. Don't know if we'll get to make new relative highs or not, but major trend is still down. Stochastic overbought.

Have no position on this pair (yet).

Cheers

MarketInvestor

Ignored

#22,429
Jul 21, 2010 4:54am Jul 21, 2010 4:54am

rahulkghosh
| Membership Revoked | Joined Sep 2009 | 765 Posts

EURAUD testing trendline support on daily. 1.4500 psychological and 100 day MA. 100 day MA slope looks like it is starting to get positive. We remember what happened last time that happened.(aussiedollar crashed 4000 pips)

Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011

#22,430
Jul 21, 2010 5:09am Jul 21, 2010 5:09am

caldera
Joined Nov 2009 | Status: Trader | 355 Posts

good eye!.. there's also a cluster of fib levels there 50% (low 22/6 high 6/7) a 78.6% (high 6/7 - low 13/7) could be a good long opportunity... If theres a breach to the downside could form a harmonic...

Quoting rahulkghosh

Disliked

EURAUD testing trendline support on daily. 1.4500 psychological and 100 day MA. 100 day MA slope looks like it is starting to get positive. We remember what happened last time that happened.(aussiedollar crashed 4000 pips)

Ignored

#22,431
Edited 5:20am Jul 21, 2010 5:17am | Edited 5:20am

gangtembok
| Joined Jul 2010 | Status: Trader | 2 Posts

I try to write down my opinion as newbie...
if we look at EURAUD pair in D1, we will see an evening star pattern and it's gonna be unperfect double top.
maybe that can be indicates about failure stress test in europe....even it succeed, still can't make euro better which weighted with other problem.

plan your trade, trade your plan

#22,432
Jul 21, 2010 11:13am Jul 21, 2010 11:13am

hutrader
| Joined Jan 2010 | Status: Trader | 648 Posts

Here is my view on AUD/USD

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#22,433
Jul 21, 2010 5:00pm Jul 21, 2010 5:00pm

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Hello Guys,
I am Bearish on AUDUSD and AUDJPY
i see 100 pip drop on both pairs,
sorry dont have time to post chart

remember Liquidity in PoIsOn

Don't compare your Trades with Others

#22,434
Jul 21, 2010 5:04pm Jul 21, 2010 5:04pm

learntowin
| Joined Jan 2009 | Status: Trader | 423 Posts

Quoting learntowin

Disliked

IMO,

As long As 0.8760 holds,

The Trend is still Up

Ignored

Testing

#22,435
Jul 21, 2010 5:28pm Jul 21, 2010 5:28pm

caldera
Joined Nov 2009 | Status: Trader | 355 Posts

Would be good to see your chart.

I'm short because of H4 close below 0.88.

PA showed the 0.88 level to be a fairly strong support, break below changes the bias for me.

Quoting DubaiFX

Disliked

Hello Guys,
I am Bearish on AUDUSD and AUDJPY
i see 100 pip drop on both pairs,
sorry dont have time to post chart

remember Liquidity in PoIsOn

Ignored

#22,436
Jul 21, 2010 8:26pm Jul 21, 2010 8:26pm

mrhb30jr
Joined May 2010 | Status: Trader | 2,693 Posts

Quoting MarketInvest

Disliked

Hi! I agree with your view. By Fibonaci Extensions the first target will be the last lows (at the 0,8050-0,8100 zone) which I think will be broken to the downside. Next target at the 0,7550 zone (same extension as the previous leg down) and then 0,6730. But first we have to feel some increase in the downwards momentum so targets can be achieved. Then one level at a time...

Cheers!

MarketInvestor

Ignored

Hi All,

Audusd updated my view of this currency still on bearish camp downtrend movement is in process

cheers

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#22,437
Jul 21, 2010 9:08pm Jul 21, 2010 9:08pm

kandarv
| Joined Sep 2008 | Status: Trend rider & Big Old Boy Wannabe | 877 Posts

Quoting mrhb30jr

Disliked

Hi All,

Audusd updated my view of this currency still on bearish camp downtrend movement is in process

cheers

Ignored

Hello, those are wonderful charts, may I ask which is the program you use to render them?

#22,438
Jul 21, 2010 11:01pm Jul 21, 2010 11:01pm

mrhb30jr
Joined May 2010 | Status: Trader | 2,693 Posts

Quoting kandarv

Disliked

Hello, those are wonderful charts, may I ask which is the program you use to render them?

Ignored

Hi kandary,

this is my own chart i just at the automatic indi fibo on D1 and Wk (zig and zup) the below indi i just using rsi and the ma those could help me to view the top and bottom

enclosure the zig zag zup indicator for automatic fibo just load and copy paste to your chart if you want those indi

now check on 60mtf chart of audusd

cheer

Attached Image (click to enlarge)