Aussie Trading Room and Cartoons Gallery

Quoting feather

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Here we go nice and simple. As i said previously if it hits 106 i am Long, or if we have some strong bars down from 105-10550 i will be short. It has been tight trading for a while now and I think it is due for a Break out. Maybe this whole Cypress thing may bust it open. My bias for now is that it will keep going up. Cheers.

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Quoting DaddyBear

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Although I am bullish in the weekly context, I don't believe the Aussie will go straight up. Based on the EWP, I foresee a pullback is brewing.

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Quoting feather

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Have you got a target for the EWP

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Quoting feather

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Hi guys, a weekend thought. Just looking at the long term view of this Currency, just from the technical side.

AUD is at a critical level. IMO if it does not break the 105 -10550 barrier in the next few weeks I think it will be the end of the bull run and it will be heading below parity. I will be looking for strong sell bars and enter short.

However if AUD moves up and test 10600. I will be long as in IMO it will head and up too 1.10 and beyond maybe even 1.2300. LOL seems impossible but hey it's forex, and you need to...

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Quoting DaddyBear

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Aussie Volatility Near 13-Year Low Amid Gillard, Cyprus Turmoil

Expectations for price swings in the Australian dollar are near the lowest in almost 13 years relative to major currencies, as central bank purchases of the so-called Aussie damp its sensitivity to political turmoil.

Implied three-month volatility (http://www.bloomberg.com/quote/JPMVXYG7:IND) on the Australian dollar, a measure used to price options, fell to 7.20 percent as of 4:21 p.m. in Sydney, the lowest level this week, data compiled by...

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Quoting feather

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Here we go nice and simple. As i said previously if it hits 106 i am Long, or if we have some strong bars down from 105-10550 i will be short. It has been tight trading for a while now and I think it is due for a Break out. Maybe this whole Cypress thing may bust it open. My bias for now is that it will keep going up. Cheers.

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Quoting forexalien

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http://www.forexfactory.com/attachme...1&d=1364132383 (http://www.forexfactory.com/attachment.php?attachmentid=1158379&d=1364132383)

What if it only does this............?

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Quoting maximmm

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If euro goes under, will people go for aud or usd? Seriously, do traders really think that aud will be picked over usd?

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Quoting DaddyBear

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Expect some volatility tonight after open.

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Quoting petehnm

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Hey Papa how ya doing...just curious which direction do you see the volatility going....

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Quoting DaddyBear

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I think it may pullback a little bit then surges to finish the first phase of the reversal since 3/4/13.

http://www.forexfactory.com/attachme...1&d=1364057143

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Quoting DaddyBear

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By looking at the slope of the "rebound", I am sure it is a reversal. It's almost a 90 degree between the two channels.

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Quoting DaddyBear

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This vertical rise implies a very strong momentum beneath the surfaces of the charts.

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Quoting DaddyBear

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I think it may pullback a little bit then surges to finish the first phase of the reversal since 3/4/13.

http://www.forexfactory.com/attachme...1&d=1364057143

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Quoting petehnm

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I hear ya...here's my thoughts if you don't mind.... I too see a pull back... going to be paying attention to the pivot point on the 4hr which I believe is at the 1.0420 area if we break that would love to see 1.0400 for an entry to upside...good luck to all this week...

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Quoting DaddyBear

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Pete, wish you the best in this week's trading.

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Quoting petehnm

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thank you sir... same too you my friend...

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