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  • #18,821
  • Dec 8, 2012 7:58pm Dec 8, 2012 7:58pm
Quoting DaddyBear
CNY CPI and PPI were released one hour ago. Does anyone have an idea about their impacts on the Aussie?
The charts predict a breakout to the North. CPI and PPI were a bit lower then forcast, but better then previous data.
Attached Image (click to enlarge)
Click to Enlarge Name: 12-8-2012 7-57-30 PM.png Size: 40 KB
Good luck and may the odds be ever in your favor!
  • #18,822
  • Dec 8, 2012 8:01pm Dec 8, 2012 8:01pm
Quoting DaddyBear
Seems to me, these data are showing restrained price pressure. In other words, the demand of goods decreased in November. This is not positive to AUDUSD IMO.
If my judgement is correct then my previous projection may be fulfilled on Sunday open.

Quoting DaddyBear
This is the daily chart with my system-X. The yellow Indicator-X has reached its maximum value. The next move will be down. This will bring the Aussie down with it. The support is near the LTL at 1.044xx.
Quoting DaddyBear
This is a further study of the daily chart. A drop to monthly Pivot and previous daily low is highly possible.

http://www.forexfactory.com/attachme...1&d=1354945207
daddybearforex. com
  • #18,823
  • Dec 8, 2012 8:05pm Dec 8, 2012 8:05pm
Quoting dbutton1990
The charts predict a breakout to the North. CPI and PPI were a bit lower then forcast, but better then previous data.
David, it is a triangle formation. The breakout will be downward IMO.
daddybearforex. com
  • #18,824
  • Dec 8, 2012 8:20pm Dec 8, 2012 8:20pm
Quoting DaddyBear
David, it is a triangle formation. The breakout will be downward IMO.
We shall see
Good luck and may the odds be ever in your favor!
  • #18,825
  • Dec 8, 2012 8:21pm Dec 8, 2012 8:21pm
Quoting DaddyBear
David, it is a triangle formation. The breakout will be downward IMO.
This M15 chart shows a triangle formed on Friday. In the meantime, a channel also formed. IMO a channel has higher hierarchical rank than a triangle. In this case, the triangle will have to surrender the Aussie to the channel.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-120712-M15.JPG Size: 94 KB
daddybearforex. com
  • #18,826
  • Dec 8, 2012 8:40pm Dec 8, 2012 8:40pm
Quoting DaddyBear
Seems to me, these data are showing restrained price pressure. In other words, the demand of goods decreased in November. This is not positive to AUDUSD IMO.
I project a 400 pip gap down on Sunday!! ^^
  • #18,827
  • Dec 8, 2012 8:43pm Dec 8, 2012 8:43pm
I think tomorrow's release from China will be a tad easier to read.
  • #18,828
  • Dec 8, 2012 8:46pm Dec 8, 2012 8:46pm
Quoting DaddyBear
This M15 chart shows a triangle formed on Friday. In the meantime, a channel also formed. IMO a channel has higher hierarchical rank than a triangle. In this case, the triangle will have to surrender the Aussie to the channel.
In fact, I believe the wave count on the triangle may violate EWP's rules. In other words, the triangle is not valid. The new chart shows the projected market paths within a channel.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-120712-M15-2.JPG Size: 77 KB
daddybearforex. com
  • #18,829
  • Dec 8, 2012 8:50pm Dec 8, 2012 8:50pm
Quoting maximmm
I project a 400 pip gap down on Sunday!! ^^
Did you go to bed with your wife so early tonight? Are you dreaming now?
daddybearforex. com
  • #18,830
  • Dec 8, 2012 8:55pm Dec 8, 2012 8:55pm
Quoting DaddyBear
In fact, I believe the wave count on the triangle may violate EWP's rules. In other words, the triangle is not valid. The new chart shows the projected market paths within a channel.
The daily chart shows something else...
Attached Image (click to enlarge)
Click to Enlarge Name: 12-8-2012 8-06-03 PM.png Size: 34 KB
Good luck and may the odds be ever in your favor!
  • #18,831
  • Edited 9:35pm Dec 8, 2012 8:56pm | Edited 9:35pm
The yellow highlighted area is my projection but not fulfilled yet. My projection is my opinion not a fact now. Please use your own judgements to trade accordingly. I don't like to see anyone gets hurt because he follows my projection without his own judgements.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-120712-M15-2.JPG Size: 79 KB
daddybearforex. com
  • #18,832
  • Dec 8, 2012 9:02pm Dec 8, 2012 9:02pm
Quoting dbutton1990
The daily chart shows something else...
I understand the daily is still bullish. However, it has tried to close above 1.0500 three times but failed as of Friday. A retracement and a regroup of the bulls are more likely now. A retracemnet will still keep the daily LTL intact IMO.
daddybearforex. com
  • #18,833
  • Dec 8, 2012 9:10pm Dec 8, 2012 9:10pm
Quoting dbutton1990
The daily chart shows something else...
BTW, your chart indicates a divergence is underway.
Attached Image (click to enlarge)
Click to Enlarge Name: DAVID.JPG Size: 67 KB
daddybearforex. com
  • #18,834
  • Dec 8, 2012 9:20pm Dec 8, 2012 9:20pm
The daily channel is shown in yellow highlighted area.
Attached Image (click to enlarge)
Click to Enlarge Name: DAVID-2.JPG Size: 71 KB
daddybearforex. com
  • #18,835
  • Dec 8, 2012 9:29pm Dec 8, 2012 9:29pm
Quoting DaddyBear
In fact, I believe the wave count on the triangle may violate EWP's rules. In other words, the triangle is not valid. The new chart shows the projected market paths within a channel.
Let me project the Aussie's moves further. CNY trade balance is due after 1930 EST Sunday. The data may lift the Aussie as shown in the chart's red upward arrow.


http://www.forexfactory.com/attachme...1&d=1355021188
daddybearforex. com
  • #18,836
  • Dec 8, 2012 9:39pm Dec 8, 2012 9:39pm
Quoting DaddyBear
Let me project the Aussie's moves further. CNY trade balance is due after 1930 EST Sunday. The data may lift the Aussie as shown in the chart's red upward arrow.


http://www.forexfactory.com/attachme...1&d=1355021188
Then, the China fever may recede shortly and cause second drop as shown in the chart.

http://www.forexfactory.com/attachme...1&d=1352576752
daddybearforex. com
  • #18,837
  • Dec 8, 2012 9:58pm Dec 8, 2012 9:58pm
I need some feedback in regard to my projection. Anyone?
daddybearforex. com
  • #18,838
  • Dec 8, 2012 10:02pm Dec 8, 2012 10:02pm
Quoting DaddyBear
I need some feedback in regard to my projection. Anyone?
I don't believe everyone agrees with my projection. Any opinions are welcome.
daddybearforex. com
  • #18,839
  • Dec 8, 2012 10:15pm Dec 8, 2012 10:15pm
Quoting DaddyBear
I need some feedback in regard to my projection. Anyone?
I feel we are headed up, not down...I'm curious as to how you developed the current channel. Thanks
Good luck and may the odds be ever in your favor!
  • #18,840
  • Dec 8, 2012 10:25pm Dec 8, 2012 10:25pm
Quoting maximmm
I project a 400 pip gap down on Sunday!! ^^
i think you are desperate..
but i like it..
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