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AUD/USD

  • #42,261
  • Mar 24, 2012 5:19pm Mar 24, 2012 5:19pm
Hi Noobicle, Nice looking chart! Now if price just hits your upper trend line, I'l be happy. http://www.forexfactory.com/images/icons/icon7.gif
  • #42,262
  • Mar 24, 2012 5:24pm Mar 24, 2012 5:24pm
Quoting trexy123
Do you see it going higher than 1.47 next week?
Theres not much data coming out of Aus next week so i would rely on weak US data to push this up to the 1.0550 area. Ill pull out of my long from 380 if it clearly breaks the 420 area. I much prefer to short this pair at the moment. Buy nzd/usd sell aud/usd
  • #42,263
  • Mar 24, 2012 6:20pm Mar 24, 2012 6:20pm
Quoting jerrycollie
Hi Noobicle, Nice looking chart! Now if price just hits your upper trend line, I'l be happy. http://www.forexfactory.com/images/icons/icon7.gif
Hi thanks yes, me too, Im not very experienced but they say the trend is your friend. Im watching that mid-trend line, if it retraces, ill get scared an probs pull out ^_^
  • #42,264
  • Edited Mar 25, 2012 4:44pm Mar 24, 2012 10:35pm | Edited Mar 25, 2012 4:44pm
This is not "hokey pokey" (not hockey pockey) economics. This is one of the most crucial deciding forces for exchange rates for any country especially for resource-based country like Australia.

Just so you know.
Make your losses in demo. Earn your profits live.
  • #42,265
  • Mar 24, 2012 10:59pm Mar 24, 2012 10:59pm
Quoting Forexia
This is not "hokey pokey" (not hockey pockey) economics. This is one of the most crucial deciding forces for exchange rates for any country especially for resource-based country like Australia.

Just so you know.
theres a reason aud is high and a reason they dont intervene think about what that reason is. Hint 20 yr avg is 0.79
  • #42,266
  • Mar 25, 2012 6:16am Mar 25, 2012 6:16am
I was just messing with the charts again ^_^ gn forex
Attached Image (click to enlarge)
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  • #42,267
  • Mar 25, 2012 7:48pm Mar 25, 2012 7:48pm
WTF !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
100 Pips per day can keep the bosses away.
  • #42,268
  • Mar 25, 2012 9:23pm Mar 25, 2012 9:23pm
Hasnt really moved anywhere. Hopefully another failed attempt at 500 an ill short. See what happens
  • #42,269
  • Mar 25, 2012 10:37pm Mar 25, 2012 10:37pm
noobs are going long market right now esp jpy pairs... this is a good time to get short a market for a week long scalp probably. Looks like they might get long USD pairs aswell so that gives me a SELL signal.
  • #42,270
  • Mar 26, 2012 5:03am Mar 26, 2012 5:03am
We all had AUD daily wave 1 at 1.0380, and we said price should not enter that area, it AUD had to rally to 1.1.

Is Daily wave 1 ended at 1.0330 ?, if that is the case then price did not enter Wave 1 and we finally finished wave 4, so all that is left is to reach wave 5 target which lies anywhere from 1.0990 - 1.1120.

If AUD is still in uptrend, this is the last place for bullis to show up just above 1.0330 area, and they rallied 150+ pips from the lows...

Also when AUD was impressively falling from 1.07/06 area to make it to look like a bearish trend, EUR and GBP looked more like a pullback, they did not fall dramatically. If it was overall Dollar strength, we should have a stronger fall down in the direction of the trend....

Putting everything in place, AUD still looks bullish to me , We are in the process of make 60 Min wave 2, which should be around 1.0415 area...
will look to get long at that area...1st target 1.060, 2md target 1.10

I would turn to a bear if price enter below 1.0330 area..which is also my SL.

AUD bears out there, what level you guys are watching, when AUD enters that area, you would change from a bear to a bull.
Attached Image (click to enlarge)
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PPP - Patience Pays PIPS
  • #42,271
  • Edited 6:09am Mar 26, 2012 5:53am | Edited 6:09am
Quoting rustyram
We all had AUD daily wave 1 at 1.0380, and we said price should not enter that area, it AUD had to rally to 1.1.

Is Daily wave 1 ended at 1.0330 ?, if that is the case then price did not enter Wave 1 and we finally finished wave 4, so all that is left is to reach wave 5 target which lies anywhere from 1.0990 - 1.1120.

If AUD is still in uptrend, this is the last place for bullis to show up just above 1.0330 area, and they rallied 150+ pips from the lows...

Also when AUD was impressively falling from 1.07/06 area to make it to look like a bearish...
You could certainly be right, but a retest of the bottom (or very close to it) is highly possible from 530-550 zone, IMO.
Use me as a contrarian indicator
  • #42,272
  • Mar 26, 2012 6:53am Mar 26, 2012 6:53am
Fed's Bernanke Speech

The Fed Governor Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System. He gives a press conference as to how the Fed observes the current US economy and the value of USD. His comments may determine a short-term positive or negative trend.
  • #42,273
  • Mar 26, 2012 7:27am Mar 26, 2012 7:27am
Quoting mrbandwidth
You could certainly be right, but a retest of the bottom (or very close to it) is highly possible from 530-550 zone, IMO.
Thanks my friend, you have opened my eyes, i have to put the re-test of the lows certainly a possibility and rethink my entry at the lows, now price have reached your projected level, lets see if bears come in and push it to the lows at 1.0340 area.....
PPP - Patience Pays PIPS
  • #42,274
  • Mar 26, 2012 7:32am Mar 26, 2012 7:32am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
my position
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give 1 and get 100
  • #42,275
  • Mar 26, 2012 7:37am Mar 26, 2012 7:37am
QE3 on the way!

Pending BUY AUD/USD on 1,04908 TP 1,05785 SL 1,04204
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  • #42,276
  • Mar 26, 2012 10:57am Mar 26, 2012 10:57am
Missed speech from Bernanke. Did he hint at more QE?
100 Pips per day can keep the bosses away.
  • #42,277
  • Mar 26, 2012 1:08pm Mar 26, 2012 1:08pm
Quoting FX-Petra
closed 0550 and 0575 both @ 0550. Got long again @ 0470. We'll see where she goes!

Regards,
Closed my 0470 @ 0535. Still holding 0550 and 0575 for more upside. Will buy another dip.

Regards,
  • #42,278
  • Mar 26, 2012 2:37pm Mar 26, 2012 2:37pm
NEW YORK, March 26 (IFR) - AUD/USD was bid from the go in London today; a theme expanded upon greatly in NY, as buy stops were tripped above Friday's 1.0484 highs and the 200-HMA a shade above and now by 1.0495. Decent IFO data and Bernanke laying out his latest reasoning for keeping rates low for a long time got the risk-on flows revved up. Second-tier US data were soft, but not bad enough to kill the risk rally, just enough to prune early Tsy yield increases, which fed into the positive risk loop for equities and the other asset classes, including commodities and currencies. Fitch had favorable things to say about the Aussie iron ore and mining sectors, noting that even a slowdown in China would not put the BHPs of the world in jeopardy due to still net increases in demand and the low cost/high quality of Aussie ore. S&P/ASX200 has been building a rising pennant formation since last Aug. It needs a breakout and weekly close above this year's 4,318.8 highs to draw in fresh buyers. US equities are overbought on weekly oscillators compared to neutral readings for the S&P/ASX200. Political intrigue in China is hurting AUD sentiment for now.
  • #42,279
  • Mar 26, 2012 4:58pm Mar 26, 2012 4:58pm
This what i think might happen. A breech of 550 should be later met with a wall at 570, if it breaks that we should have a failed attempt at 600 an then its sell time. Unless aus comes up with some magic or usa does really poorly, breaking 600-50 will tilt the trend towards a bull or consolidation process or just a straight out fakeout to catch the bulls off guard again! The chances of those are pretty slim but u never know. Anybod else?

The balance in patience is a hard thing to learn. Either wait an watch your opportunitys pass u by or your in too soon, an watch your trades go to potential spots u thought of (the opposite way).
  • #42,280
  • Mar 26, 2012 6:24pm Mar 26, 2012 6:24pm
gbp/usd aud/usd and nzd/usd are nearing a top, eur/usd is 100 somewhat pips away from the top (dont really follow that ugly euro mess), dont think it really matters anyway but could suggest a pullback soon (in forex time thats like 10 hours)
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