AUD/USD | Page 2162 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #43,221
  • Apr 20, 2012 12:33am Apr 20, 2012 12:33am
Quoting Zeroh
Any longs besides me debating whether to GTFO on the next high probably around 360 as the latest movements seem unfavorable...I fear we end the week around 350 then next week it crashes continuing the down trend.
1.0310 area seems some pretty solid resistance. Although on the 4hr the trend still does look down.

just lowered my longs on the AUD/USD and EUR/USD from 2 to 1 units with stops at around 15 points (where I got into them)

Just shorted the USD/JPY with a 10 points top oon a bit of the bounce.. lets see what happens there

still hoping for the 4pm then 5pm rushes to hit AUD to the upside with alot of people getting out of their short positions for the week ? any thoughts anyone ?
  • #43,222
  • Apr 20, 2012 4:20am Apr 20, 2012 4:20am
quite honestly, i see the pair heading north before any confirmation of action breaching 1.300-1.295 levels. technically, candlesticks on 4h show buy signals: hammer, building a bottom and a strong support at 1.3 doesnt help much. audusd would need more conviction to move past 1.3 but for that to happen, price should reach new highs first.

all in my opinion. what are your suggestions?
Work like a slave. Live like a king.
  • #43,223
  • Apr 20, 2012 12:07pm Apr 20, 2012 12:07pm
Quoting FX-Petra
Still holding..... looking to close on an approach of 1.05.

Regards,
Still holding my 2 lots from 0330. Maybe next week!

Regards,
  • #43,224
  • Apr 20, 2012 1:06pm Apr 20, 2012 1:06pm
Holding one long also..expecting good return hehehe
  • #43,225
  • Apr 20, 2012 1:31pm Apr 20, 2012 1:31pm
watch out guys.. bearish divergence on the 1hr.. we could see more Bears coming out to play next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2012-04-20 at 14.30.40.png Size: 45 KB
  • #43,226
  • Apr 20, 2012 4:28pm Apr 20, 2012 4:28pm
Your Symphonie Indicator looks interesting. Do you have a copy that you can post?
  • #43,227
  • Apr 20, 2012 10:02pm Apr 20, 2012 10:02pm
Quoting Intrepid32
Your Symphonie Indicator looks interesting. Do you have a copy that you can post?
Just check out the symphony thread under trading systems.. almost everything is there.. I will also be posting my template sometime this weekend in the thread so be on the lookout
  • #43,228
  • Apr 20, 2012 10:16pm Apr 20, 2012 10:16pm
Quoting Dyekid217
Just check out the symphony thread under trading systems.. almost everything is there.. I will also be posting my template sometime this weekend in the thread so be on the lookout
Can you also post your myfxbook results to see please?
  • #43,229
  • Apr 20, 2012 10:20pm Apr 20, 2012 10:20pm
After failing to break key level at 1.0304, with no attempt to the next main support area at 1.0224, the pair made a sharp break north. Starting next week, watch for a slight correction to the bottom of the 4-hour cloud at 1.0338, and even allowing for a spike to 1.0324. After the correction is complete, there should be a move to 1.0470 that will also open it up for a move even higher in following weeks.

Note: Don't pay attention to the red S&R lines. They will all change when the new week begins.


http://s18.postimage.org/erxjrsbeh/image.gif
hosting images
  • #43,230
  • Apr 21, 2012 8:50pm Apr 21, 2012 8:50pm
?
Attached Image (click to enlarge)
Click to Enlarge Name: dreamah.gif Size: 21 KB
  • #43,231
  • Apr 21, 2012 9:03pm Apr 21, 2012 9:03pm
if ur new id sit and watch this week high even risk lots of headfakes
  • #43,232
  • Apr 21, 2012 9:36pm Apr 21, 2012 9:36pm
?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCNY(Daily).png Size: 30 KB
  • #43,233
  • Apr 21, 2012 9:55pm Apr 21, 2012 9:55pm
Quoting Noobicle
?

any brokers that let you trade cny pairs ???
  • #43,234
  • Apr 21, 2012 10:04pm Apr 21, 2012 10:04pm
Quoting MitchL
any brokers that let you trade cny pairs ???
Theres a thread here about it, if you already havnt found it...

http://www.forexfactory.com/showthre...t=46313&page=4
  • #43,235
  • Apr 22, 2012 1:59am Apr 22, 2012 1:59am
Quoting MitchL
any brokers that let you trade cny pairs ???
Oanda lets you trade cny usd and probably eur cny
  • #43,236
  • Apr 22, 2012 3:07pm Apr 22, 2012 3:07pm
Several ways to interpret AU chart. We had a descending channel that broke 2 weeks ago around 1.0350 and surged to 1.0450. Then it rolled back last week to retest the broken channel. It touched around 1.0310 and immediately went higher again, but failed to regain 1.0450. We also formed an ascending Trendline from the lows at 1.0225, however we broke that last week around 1.0360 and after bouncing off the 1.0310 support, we are now retesting that broken trendline. In the process, we have formed a new decending channel on the daily as well as a triangle formation with support at 1.0310.

Bearish Case----Until we break 1.0385 area, the descending channel is still in tact. and we should test the triangle support again at 1.0310. A break of that support would take us to 1.0250.

Bullish Case---A break of 1.0385 would be a break out of the channel and the triangle and send us higher to 1.0450 area again, and if taken out a another push higher above 1.05.

Don't know which way it will go, so best to manage the Risk Reward. I will short at the open around 1.0380 with sl at 1.0390 and targets at 1.0310 and 1.0250. If stopped out, I will flip it long with targets at 1.0450 and 1.0550.

Between AUD PPI and China PMI tonight, I doubt it will be stuck in this range much longer.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd descending channel.gif Size: 62 KB
  • #43,237
  • Apr 22, 2012 3:27pm Apr 22, 2012 3:27pm
Quoting Intrepid32
Several ways to interpret AU chart. We had a descending channel that broke 2 weeks ago around 1.0350 and surged to 1.0450. Then it rolled back last week to retest the broken channel. It touched around 1.0310 and immediately went higher again, but failed to regain 1.0450. We also formed an ascending Trendline from the lows at 1.0225, however we broke that last week around 1.0360 and after bouncing off the 1.0310 support, we are now retesting that broken trendline. In the process, we have formed a new decending channel on the daily as well as a triangle...
Thank u for expert analysis. i have similar scenarios and am kind of siding with the bulls, but i might get out soon, not looking good with aud partner eur getting owned atm(hopefully just rest). Have a lucky guess to where the AUD an CNY news might go????
  • #43,238
  • Apr 22, 2012 4:00pm Apr 22, 2012 4:00pm
Quoting Noobicle
Thank u for expert analysis. i have similar scenarios and am kind of siding with the bulls, but i might get out soon, not looking good with aud partner eur getting owned atm(hopefully just rest). Have a lucky guess to where the AUD an CNY news might go????
Haven't a clue....rather than guessing, I'll play action based on "if this, then this" scenarios. I would be surprised though if we took out last week's highs before the news and since we are there now, I will short at the open.
  • #43,239
  • Apr 22, 2012 4:07pm Apr 22, 2012 4:07pm
Quoting Intrepid32
Haven't a clue....rather than guessing, I'll play action based on "if this, then this" scenarios. I would be surprised though if we took out last week's highs before the news and since we are there now, I will short at the open.
hehe might get a bag of mixed goodies an baddies, AUD ppi might take out a top only for CNY to take it back down to the bottom
  • #43,240
  • Apr 22, 2012 5:15pm Apr 22, 2012 5:15pm
Anybody knows any newswire publishes/broadcast live on HSBC pmi

thanks
29 traders viewing now