AUD/USD

Not yet I feel.
Retesting the 1 hr 200ema right now, before moving further north towards the 4 hr 200ema. The GU is retesting the 1hr 55ema before moving North towards the 1 hr 200ema which is sitting almost exactly on its 4 hr trendline. Just my thoughts. Its 5am here and I have to go. Good luck.

Still holding one 0250, one 0550. Added one lot @ 9750, and 2 lots @ 9700. Looking to close all near 1.000 except the 0550. I'll let that one keep running for a while.

Regards,

Sorry, on my phone so cannot attach chart but if interested, plot to MA's and it makes sense. In particular the GU trendline and 1 hr 200ema confluence.

Hey Petra! Hope all is well sir. 9920/30ish and with S&P @ 1200 resistance this is tough nut to crack . I could be wrong..... Good luck!

short all the way

out some, locked

Long off 1h Bullish outside bar

Shorted on 3h trendline resistance @ 9944, tp 9444

out most, no real sense of where this can go, so placed a somewhat ambitious tg


you just don't know wtfx is going to happen in these market lately

closed at 9915, for +29.
Not sure where this is heading... It's doing my head in...
Standing aside and awaiting new direction...

Hi guys, this is how I see the week panning out.
I still have my 2 1 lot sell orders off the 1 hr 200ema running and will be hedging some of the drawdown with 2 1lot buy orders at 0.9922.
If they are triggered, I feel this will be confirmation that we are heading to the 4 hr 200ema sitting right on the 61.8 retrace, TP will be 1.0070. This is further confirmed by the steep bullish seperation of the 4hr MACD lines, which have also crossed the signal line (see first image of 1 hr chart). I have a 2 lot sell trade waiting at 1.0070, where I believe the market will turn down after testing the 4 hr 200ema ( see 2nd image). This is due to the WEEKLY BEARISH MACD DIVERGENCE AND daily double top and Monthly MACD lines turning sharply down, which I have highlighted previously. On top of this, I feel the GU is in free fall at least until the weekly 61.8 retrace to about 52ish for reasons mentioned earlier and will take the Aussie and others with it. Interestingly, the set up for the bounce off the 4 hr 200ema which I am anticipating, is the exact same set up we saw on the GU the other week and is going nicely. The GU has a little further north to go to reach the 1 hr 200ema and its trendline before going south again (see figure 3). This further confirms to me that the Aussie has further north to go before it and the GU turn south again in line with the higher timeframe analysis. And in summary, we could end up with a weekly inside bar Doji which would set us up for a further fall, heading towards 93. I suspect a few bearish stops have and will be taken out on the up move and some bullish stops will be taken out when it comes back down off the 4 hr 200ema. That's life I guess and why I prefer to hedge than use stops.

Great Thread ..... I've been a member here for awhile now .... and thought. ... though I do not have the knowledge ...Yet! ... to feel comfortable posting my opinons ... I do want to say "Thank You!" to everyone for all their great insight to the FX Market .... I really look forward to reading Threads / Posts on this forum .... Keep it up!

Peace Out!

Long @ 9914...

what just happened?big drop on AUD?

Japan... (Tokyo open + news)

No AUS lowered growth forcast by 0.5%, market is correcting

Hi all, after all the ups from yesterday i believe its going down again and continue its bearish momentum. Price has been going down strong and hard for the past few days so its logical that someone has to buy when market open yesterday. The gap should be close by today but of course this is just my opinion.

Im already in the trade for NZUSD taking short @ 0.7545 TP @ 0.7445. Going green today

Be careful with shorts guys, projections came in lower but the Govt remains committed to a surplus and we are still in better shape than the rest of the developed world. My charts also tell me we are heading north to 4 hr 200ema. Food for thought, just be cautious.

Hi, everyone here. It look like AUD/USD not moving much like yesterday.

"Fitch Ratings gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating"

It will bring down AUD/USD today?

Why?