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AUD/USD

  • #29,681
  • May 8, 2011 5:12pm May 8, 2011 5:12pm
I would like to know what levels we need to watch on AUDUSD today, cuz i got some shorts aiming for 1.0550 area
We live in a finite world with infinite possibilities.
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  • #29,682
  • May 8, 2011 5:23pm May 8, 2011 5:23pm
Quoting bguguen
I would like to know what levels we need to watch on AUDUSD today, cuz i got some shorts aiming for 1.0550 area
This is whut I'm Seeing....
Attached Image (click to enlarge)
Click to Enlarge Name: AUHS.jpg Size: 58 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #29,683
  • May 8, 2011 5:37pm May 8, 2011 5:37pm
Quoting Magix
This is whut I'm Seeing....
So a break below neckline would reach for my 1.0550 area hmmm
We live in a finite world with infinite possibilities.
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  • #29,684
  • May 8, 2011 5:46pm May 8, 2011 5:46pm
Quoting bguguen
So a break below neckline would reach for my 1.0550 area hmmm
Hourly....

H/S typically known as a topside player, but I would say rules still apply...

LTL gets shattered, looking for a bottom side test...
Attached Image (click to enlarge)
Click to Enlarge Name: auhour.jpg Size: 62 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #29,685
  • May 8, 2011 5:46pm May 8, 2011 5:46pm
Quoting Magix
This is whut I'm Seeing....
similar to what i had in post 680, then a move higher is possible
Don't have an ego. Always question yourself and your ability.
  • #29,686
  • May 8, 2011 5:49pm May 8, 2011 5:49pm
Quoting RamsesII
similar to what i had in post 680, then a move higher is possible
Anything is possible...shit, we could keep going up from here, really nothing saying we gotta back fill to bottom...

News in 40ish mins...gunna look for some action/reaction...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #29,687
  • May 8, 2011 5:51pm May 8, 2011 5:51pm
Quoting Magix
Anything is possible...shit, we could keep going up from here, really nothing saying we gotta back fill to bottom...

News in 40ish mins...gunna look for some action/reaction...
of course
Don't have an ego. Always question yourself and your ability.
  • #29,688
  • Edited 9:10am May 9, 2011 8:25am | Edited 9:10am
Bullish divergece on 1H chart, price bounce off the daily pivot level, market panic cools down a bit at the moment. Is this an opportunity to go long?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd1h-posi-div.gif Size: 39 KB
  • #29,689
  • May 9, 2011 9:12am May 9, 2011 9:12am
As expected, bounced up a little higher, if it can break to the upside of the triangle/wedge, then more upside potential reveal.

Look at 1H stoch still far from overbought yet, there is certain a potential.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd1h-triangle.gif Size: 39 KB
  • #29,690
  • May 9, 2011 9:17am May 9, 2011 9:17am
Quoting Darkforce
As expected, bounced up a little higher, if it can break to the upside of the triangle/wedge, then more upside potential reveal.

Look at 1H stoch still far from overbought yet, there is certain a potential.
yeah,gotta wait for passin trough of that triangle....
  • #29,691
  • May 9, 2011 10:54pm May 9, 2011 10:54pm
nice down move...I think when the down move has weaken AU will come up again more higher with the open price...sorry for my noobs opinion...
  • #29,692
  • May 10, 2011 4:33am May 10, 2011 4:33am
Ascending triangle on the 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 184 KB
  • #29,693
  • May 10, 2011 6:30am May 10, 2011 6:30am
Quoting aelsha
Ascending triangle on the 1 hour chart.
Aussie will come back, just matter of time: -)
  • #29,694
  • May 10, 2011 6:43am May 10, 2011 6:43am
Any Ideas..........technicals say AUD/USD to fall to the meridian of this channel at 1.0640ish
  • #29,695
  • May 10, 2011 6:51am May 10, 2011 6:51am
Quoting pwramses
Any Ideas..........technicals say AUD/USD to fall to the meridian of this channel at 1.0640ish
Mate, could you post your chart so we can understand what you are saying better?
  • #29,696
  • May 10, 2011 8:16am May 10, 2011 8:16am
i have the feeling that it will go up to 1.0850 overnight...since the debt fears subside and the risk appetite return
  • #29,697
  • May 10, 2011 8:38am May 10, 2011 8:38am
The difference between an ascending triangle and a rising wedge is that the top of an ascending triangle is flat, and the top of a rising wedge slopes up.

Rising wedge is bearish, ascending triangle is bullish.

To me this is a rising wedge.
  • #29,698
  • May 10, 2011 9:11am May 10, 2011 9:11am
Quoting stevefx
The difference between an ascending triangle and a rising wedge is that the top of an ascending triangle is flat, and the top of a rising wedge slopes up.

Rising wedge is bearish, ascending triangle is bullish.

To me this is a rising wedge.
Thanks for clarify this.

Meanwhile, I noticed the big divergence on the daily chart.

Also, daily chart is far from overbought, so as long as there is no big negative news coming in, there is still upside potential. ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_daily_div.gif Size: 36 KB
  • #29,699
  • May 10, 2011 9:21am May 10, 2011 9:21am
Quoting Darkforce
Thanks for clarify this.

Meanwhile, I noticed the big divergence on the daily chart.

Also, daily chart is far from overbought, so as long as there is no big negative news coming in, there is still upside potential. ;-)
Yes always potential. If you look at the formation which lead to the break of price downward on the 2nd of this month. Thats a very good example of a rising wedge. This formation has more bullish aspects. I don't know if its a very good shape one way or another.

Could always just wait for a break, top or bottom.
  • #29,700
  • May 10, 2011 9:36am May 10, 2011 9:36am
Quoting stevefx
Yes always potential. If you look at the formation which lead to the break of price downward on the 2nd of this month. Thats a very good example of a rising wedge. This formation has more bullish aspects. I don't know if its a very good shape one way or another.

Could always just wait for a break, top or bottom.
Agreed
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