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AUDUSD for informed traders

  • #1,081
  • May 24, 2011 8:37pm May 24, 2011 8:37pm
CB, MI index and construction work done does not meet the expectation.

I turn from slightly bullish to neutral on this pair.
Good to watch for another entry @ 1.04xx..

Good luck to all traders..
  • #1,082
  • May 24, 2011 10:42pm May 24, 2011 10:42pm
Quoting evelee8
CB, MI index and construction work done does not meet the expectation.

I turn from slightly bullish to neutral on this pair.
Good to watch for another entry @ 1.04xx..

Good luck to all traders..

Hey Evelee
Yup...would Aud goes to south this time?

CB Leading , Actual< Forecast --> not good for currency
MI Leading, Current=prev.data --> neutral
Australian Burreau of Statistic, Actual < Forecast --> not good for currency

looking for sell @1.0562
what do you reckon?
  • #1,083
  • May 24, 2011 11:18pm May 24, 2011 11:18pm
Quoting st.forex4677
Hey Evelee
Yup...would Aud goes to south this time?

CB Leading , Actual< Forecast --> not good for currency
MI Leading, Current=prev.data --> neutral
Australian Burreau of Statistic, Actual < Forecast --> not good for currency

looking for sell @1.0562
what do you reckon?
You might not get it. Rising wedge formation has broken down already..

1.0480 level support stops below 1.0460 entry point for breaks..
  • #1,084
  • May 24, 2011 11:30pm May 24, 2011 11:30pm
Quoting lasty
You might not get it. Rising wedge formation has broken down already..

1.0480 level support stops below 1.0460 entry point for breaks..

Hey Lasty,

Yeah...you might be right;
it seems support level of 500 just broken up.
it would goes down to south.

For the US debt ceiling is slowly cracking and be fixed.
However, I believe the investors do have no faith in the USD in this time.
AUD will still rise up but at a slower pace.

How about entry Buy [email protected] ; [email protected]; [email protected].
what do u reckon?
  • #1,085
  • May 24, 2011 11:32pm May 24, 2011 11:32pm
Quoting st.forex4677
Hey Evelee
Yup...would Aud goes to south this time?

CB Leading , Actual< Forecast --> not good for currency
MI Leading, Current=prev.data --> neutral
Australian Burreau of Statistic, Actual < Forecast --> not good for currency

looking for sell @1.0562
what do you reckon?
Hi st.forex4677,

If you want to short - you should short it @ 1.0529 just now with TP @ 1.0480 (R2) for 49 pips quick earn.

Now the Aussie has fallen below the support level.
It is not safe to short below support level unless your technical indicator strongly recmd you shorting.

Shorting need to be fast and fierce as it incurs heavy swap rate per day. It is best to set a SL for shorting position.

Current market overlook has turned to be slightly bearish - with extremely oversold indicator.

For Short/Long @ 1.0562 - i will need to look at how was the market trend and the following news and market events during the pair was @ 1.0562.
  • #1,086
  • May 24, 2011 11:40pm May 24, 2011 11:40pm
Quoting st.forex4677
Hey Lasty,

Yeah...you might be right;
it seems support level of 500 just broken up.
it would goes down to south.

For the US debt ceiling is slowly cracking and be fixed.
However, I believe the investors do have no faith in the USD in this time.
AUD will still rise up but at a slower pace.

How about entry Buy [email protected] ; [email protected]; [email protected].
what do u reckon?
I think 1.0460 another support but after that we go to 1.0380

With Eur rally and AUD/USD didnt follow it too far AUD looks heavy..
I think the market is overly long and rallies will be limited unless paradigm shift.
Need a big flush out of long before higher..
  • #1,087
  • May 24, 2011 11:41pm May 24, 2011 11:41pm
Quoting evelee8
Hi st.forex4677,

If you want to short - you should short it @ 1.0529 just now with TP @ 1.0480 (R2) for 49 pips quick earn.

Now the Aussie has fallen below the support level.
It is not safe to short below support level unless your technical indicator strongly recmd you shorting.

Shorting need to be fast and fierce as it incurs heavy swap rate per day. It is best to set a SL for shorting position.

Current market overlook has turned to be slightly bearish - with extremely oversold indicator.

For Short/Long @ 1.0562 - i will need to look...

Hey Evelee,
Yeah agree with you to take very short position.
The market still unsteady.

With the strong support of 500 just broken up.
I will wait for buy entry @1.0455 [email protected]; [email protected].
what do u reckon?

The Gold seems goes up slowly but surely;
crawling trend will stay long
The AUD should goes with the same trend as Gold shouldn't it?
  • #1,088
  • May 24, 2011 11:56pm May 24, 2011 11:56pm
Quoting st.forex4677
Hey Evelee,
Yeah agree with you to take very short position.
The market still unsteady.

With the strong support of 500 just broken up.
I will wait for buy entry @1.0455 [email protected]; [email protected].
what do u reckon?

The Gold seems goes up slowly but surely;
crawling trend will stay long
The AUD should goes with the same trend as Gold shouldn't it?
No - the Aus doesn't necessary to follow the Gold and vice versa.
You should watch the S&P indicator closely.
Pay attention to GBP/AUD and EUR/AUD pair too.

I am neutral at the current moment. (stay on sideline)
  • #1,089
  • May 25, 2011 12:02am May 25, 2011 12:02am
Portfolio Updates:

AUD:
Still holding my existing two Long.
Adjusted one of my TP to lower based on the current trend.
Stay on sideline.

NZD: two Long @ 0.7300, 0.7495 still hold. (Long Term)
Closed one yesterday.
Looking for another position entry for NZD at 0.78xx for mid term trading.

Today interest swap is HIGH for Long @ Aussie and Kiwi.

Good luck to all traders.
  • #1,090
  • May 25, 2011 1:41am May 25, 2011 1:41am
Quoting forexcompoun
Hi all,
here's AUDUSD set yup for a quick 50pips on the buy side. It is 6mins before the news, I always like to use trading systems in the face of economic reports to show whether or not they are rugged.
Enter @ market price, SL 1.0516 TP 1.0608 (2 pips to the brokers) trail the trade by 56pips.
Lets see how it goes.
See chart attached.
Happy trading!
Meshach.
I took the above quoted trade earlier on today. Got stopped out but just waited PATIENTLY. Now its payback time, I longed @ 1.0451 this trade is gonna run until London close on Thursday. I've found out that Wednesday into Thursdays give me good trades that I can hold for about 48hours because of the breakout that normally happens.
See chart attached.
Happy trading!
Meshach
Attached Image (click to enlarge)
Click to Enlarge Name: payback_time.gif Size: 22 KB
  • #1,091
  • May 25, 2011 2:28am May 25, 2011 2:28am
Support at 1.05 has been broken and as long as the Euro story is running on the wires every 2 seconds there is little hope of recovery.

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.gif Size: 159 KB


I watch carefully marked levels on above chart and see where the big boys start to intervene because technically the AUD is still in a uptrend.

Cheers
  • #1,092
  • May 25, 2011 3:08am May 25, 2011 3:08am
Middle east country higher demand in Aussie has make this pair recovered near to 1.0490.

No doubt these big player are all those RICH people with million fund in their account.

Current trend turn to be slightly bullish.
On the OB/OS indicator - it is neutral.
  • #1,093
  • May 25, 2011 6:15am May 25, 2011 6:15am
I think short from now on h4
http://gyazo.com/40a15c86f221336d0b20e47d40e82597.png
{Promotion Removed}
  • #1,094
  • May 25, 2011 8:41am May 25, 2011 8:41am
Quoting FX-Petra
Priced reached my buy zone between 0510 and 0460, went long 1 lot @ 0500. Wanted to long another @ 0470, but did not reach. If price breaks 0610, I will move my stop to 0550 and let it run.

Regards,
took another long @ 0450. Price has reached the bottom of the 4hr channel. Will look to unload both lots near 0600.

Regards,
  • #1,095
  • May 25, 2011 8:36pm May 25, 2011 8:36pm
Portfolio Updates:

Long 1.0718 - hold
Long 1.0588 - hold
Yesterday night draw a bottomline chart with potential buy-in @ 1.0450 region. Thus - Short term trading Long 1.0460 - TP 1.0580 (+120 pips) - Closed.

Aussie was at the good shape upon the market opening today..
It rallies together with the Eur further break up to 1.4120.
It should be able to hit above 1.06 today since it has broken the resistance @ 1.0580.
  • #1,096
  • May 25, 2011 8:37pm May 25, 2011 8:37pm
Quoting FX-Petra
took another long @ 0450. Price has reached the bottom of the 4hr channel. Will look to unload both lots near 0600.

Regards,
FX-Petra - You still hold your 1.07xx?
  • #1,097
  • May 25, 2011 8:47pm May 25, 2011 8:47pm
Quoting evelee8
Portfolio Updates:

Long 1.0718 - hold
Long 1.0588 - hold
Yesterday night draw a bottomline chart with potential buy-in @ 1.0450 region. Thus - Short term trading Long 1.0460 - TP 1.0580 (+120 pips) - Closed.

Aussie was at the good shape upon the market opening today..
It rallies together with the Eur further break up to 1.4120.
It should be able to hit above 1.06 today since it has broken the resistance @ 1.0580.



Ya ya Evelee...resistance support has broken up...
all the way through to the North....

News of Australian Bureau of Statistics is in great result.
Actual > Forecast...Result>2.8%
It is an early signal for growing back.
Be prepared for a big one
  • #1,098
  • May 25, 2011 9:03pm May 25, 2011 9:03pm
Interesting summary from the RBA`s Battellino comment:
- Rise in Aussie reflecting what`s happening in global econ
- Conscious that some sectors of the economy find this level of exchange rate much more difficult
- but that`s something hard to avoid
- Continued savings good for econ as it limits pressure
- Overall high household savings doesn't mean there has to be weakness in consumption growth in income to make it possible for increased consumption.

So - the first sentence trying to say - the global econ was good or bad and thus make Aussie fly? The truth is out there...
  • #1,099
  • May 25, 2011 9:33pm May 25, 2011 9:33pm
Quoting evelee8
Interesting summary from the RBA`s Battellino comment:
- Rise in Aussie reflecting what`s happening in global econ
- Conscious that some sectors of the economy find this level of exchange rate much more difficult
- but that`s something hard to avoid
- Continued savings good for econ as it limits pressure
- Overall high household savings doesn't mean there has to be weakness in consumption growth in income to make it possible for increased consumption.

So - the first sentence trying to say - the global econ was good or bad and thus make Aussie...

# News of Australia Private New Capital:
Building and structures trend volume estimated for rose 2.6%
# RBA financial
As u have mentioned Evelee, continued saving good for econ....Banks finding for the first time in early 90s that deposits is growing faster than credit. Result: The indication of increase number of national saving & reduction in current account deficit.
  • #1,100
  • May 25, 2011 9:49pm May 25, 2011 9:49pm
AUD/USD double impact of China purchase of European debt plus Capex numbers has spurred AUD bulls.
1.0560-70 res breached 1.0620 still the big containment.
1.0450 level found sovereign buyers last night..

I dont see much has changed.
China always stated that it had european debt interest.
CAPEX maybe up but economy still on shakey grounds.

Europe will test the merit ..
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