Aussie Pairs

OK here is a daily chart, Is this second break true one?

My chart uses a little different approach......... seems to confirm downtrend

OK I am short from 7465, But I see strong support at the chart.

any comments?

This article seems to think short is good.........

http://www.forextv.com/FT/Text/ShowStory.jsp?id=5933

I feel that because RSI and CCI on attached both indicate downtrend that your short is fine, on the monthly chart, it may be starting to turn upwards.....

Update as of Tuesday afternoon.........

Although there has been a rise.. my long chart still shows a bear market

Daily double top

Double top, but confusing signals, Thursday's pin bar is still in force but there is another one but with small nose,

BEOB on weekly chart for this pair - to be aware of.

Anybody have any links to a news feed about this pair... I would like as much info as possible... thanks


Mike...

I don't have an actual news feed....... I use Google alerts, I set up a few to get as much news as I can get daily using them

Here all news about Aussie
http://www.omenus.net/analytics/aud.php

Anyone have any comments about this chart?

It's a weekly chart. It shows a pin for this last week, with it rebounding from the top pivot, close to the trend line. The Pin bar has closed 2 pips lower than the preceding bar. I've got it posted in James16 chart thread as well to see if I can get any comments on its validity.

I'm a little worried that it's not at the top of a trend, showing a definite reversal of an established trend. Also, on the weekly charts, it's showing a consolidation pattern (note the top and bottom trend lines.) So it may not go down that far.

Plus, AUD/USD has a 5 pip spread for me...pfft.

Still, it looks like there might be some potential here.

I think aussie must go to 7625 area by Andrew's Pitchforks. Green arrow up, it good levels for open longs.
But aussie go in small downtrend channel..

Just what I need...another way to analyze data

Interesting tho...

RSI the dark blue line in the lower chart appears to say uptrend

The %D of the long stochastic appears to say uptrend

The short Stoch shows downtrend

I feel that we may see a bit of a drop til it hits resistance at , say, .500 or .618 and then resume upward....

BUT. we can not predict, we can only be ready for what is presented to us

zoom out to the monthly and weekly charts. monthly shows a possible support line dating back to 2001, and the weekly is showing the prices channeling. combine the lines from both situations and there is a conflict. which one should we take, hold off and buy with the support or continue to sell until the price finds the bottom of the channel?

AUDUSD, 31.03.06
http://forum.alpari-idc.ru/files/audusd_h1_194.png

Rick D

I see you use metatrader. I noticed that the time scale at the bottom looks like it stops at the current date. But does it go into the future so that work can be done in the future and will the future dates appear in the time scale??

Lou

MetaTrader4 does not show the future dates correctly.
It is necessary to know all the future holidays.
The task seems not so simple as you suppose.