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AUD/USD

  • #57,761
  • Apr 14, 2013 2:51pm Apr 14, 2013 2:51pm
will try shorting this
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  • #57,762
  • Apr 14, 2013 9:42pm Apr 14, 2013 9:42pm
I am loving it!!!
  • #57,763
  • Apr 14, 2013 9:53pm Apr 14, 2013 9:53pm
Very very strong bearish bar. 100 range already. Some mixed results for the AUD on the news front, and I have no idea which way it is going to go. I thought Adam Scott victory at the masters might have given the AUD a boost but the forex market doesn't respond to sporting news. LOL. Anyway I expect some sort of rebound over the next 5-10 hours, so I have placed some longs.
  • #57,764
  • Apr 14, 2013 10:17pm Apr 14, 2013 10:17pm
It looks like AUD/USD getting support at 1.0438

Just wish it gets broken so it will fall till 1.03
  • #57,765
  • Apr 14, 2013 10:25pm Apr 14, 2013 10:25pm
Quoting namitak007
It looks like AUD/USD getting support at 1.0438 Just wish it gets broken so it will fall till 1.03
looks like it broken the support! next target 1.039 I guess!
  • #57,766
  • Apr 15, 2013 12:25am Apr 15, 2013 12:25am
hello everyone. i see that most are bearish on this pair. would like to post a weekly chart and say otherwise. well the chart speaks for it self. let me know if im just trying to justify my bulls.
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  • #57,767
  • Apr 15, 2013 12:32am Apr 15, 2013 12:32am
if the trend line holds, we should at least take out the aug 2012 highs in the coming week. last weeks close gave us the confirmation, and now we are just retesting the TL.
  • #57,768
  • Apr 15, 2013 1:28am Apr 15, 2013 1:28am
Quoting fxrider1
if the trend line holds, we should at least take out the aug 2012 highs in the coming week. last weeks close gave us the confirmation, and now we are just retesting the TL.
I'm very bullish on this pair too, but won't be surprised if we touch down to 1.040 - 1.0350 first.

Since gold is on a plunge right now, another leg down or two for gold would bring AUD/USD down for a bit.
  • #57,769
  • Apr 15, 2013 1:55am Apr 15, 2013 1:55am
Quoting fxrider1
hello everyone. i see that most are bearish on this pair. would like to post a weekly chart and say otherwise. well the chart speaks for it self. let me know if im just trying to justify my bulls. {image}
I'm assuming you are saying that the close above descending trendline is bullish indicator. Food for thought, if only the close matters why draw the trendline from the peaks (ie non closing points)? I see a chart where price has ranged for about 9 months so am bearish near the top of this range and bullish near the bottom.
Hope for the best, prepare for the worst.
  • #57,770
  • Apr 15, 2013 2:15am Apr 15, 2013 2:15am
i see what your saying as far as the range.. reason for break to the top or at least the take out of previous tops is in early march 13, we did a wash and rinse of the bottoms...which usually then takes out the previous tops...
  • #57,771
  • Apr 15, 2013 2:22am Apr 15, 2013 2:22am
Quoting fxrider1
i see what your saying as far as the range.. reason for break to the top or at least the take out of previous tops is in early march 13, we did a wash and rinse of the bottoms...which usually then takes out the previous tops...
lol just curious... what's a "wash and rinse of the bottoms"?
  • #57,772
  • Apr 15, 2013 2:30am Apr 15, 2013 2:30am
its when price penetrates the lows, triggering stops and sell stops, and then comes right back in the range. Then it usually heads to the upper border of range and breaks the tops.
  • #57,773
  • Apr 15, 2013 2:39am Apr 15, 2013 2:39am
Quoting fxrider1
its when price penetrates the lows, triggering stops and sell stops, and then comes right back in the range. Then it usually heads to the upper border of range and breaks the tops.
Does that mean that with the lows of September 2011 we should also see the May & July 2011 highs taken out? If so when? I think there might be a bit more at work. Don't get me wrong I'm more than happy for price to break 1.06, the higher it goes the more shorts I'll acquire when the RBA have said AUD is too high. It will also give me an opportunity to close the last of my longs.
Hope for the best, prepare for the worst.
  • #57,774
  • Apr 15, 2013 3:04am Apr 15, 2013 3:04am
in purple is all the wash and rinses that im talking about...will the 2011 highs be taken out...im not sure. but the nov 2012 is a high probability.
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  • #57,775
  • Apr 15, 2013 8:10am Apr 15, 2013 8:10am
Falling as a result of worse than expected Chinese GDP figures at 7.7% compared to consensus of 8%
  • #57,776
  • Apr 15, 2013 9:53am Apr 15, 2013 9:53am
is anybody here?? AUD/USD already 1.038. I made really great sum of money. Can anyone tell me will it still fall 1.02 level as Gold have all dead bulls!
  • #57,777
  • Apr 15, 2013 10:04am Apr 15, 2013 10:04am
Time for a pullback IMO and not a small one either. I have a target for gold at 1422 for a daily finish. I'm off too bed.

Quoting namitak007
is anybody here?? AUD/USD already 1.038. I made really great sum of money. Can anyone tell me will it still fall 1.02 level as Gold have all dead bulls!
  • #57,778
  • Apr 15, 2013 4:36pm Apr 15, 2013 4:36pm
Nice call you fuck head. People just loving to sell rallies i guess, I am struggling with this volatility bullshit, when your on the wrong side and have a day like yesterday fuck it kills your account. Is there any valid reason for the big drop? please don't tell me it was because of a bomb in Boston.

Quoting feather
Time for a pullback IMO and not a small one either. I have a target for gold at 1422 for a daily finish. I'm off too bed.
  • #57,779
  • Apr 15, 2013 4:38pm Apr 15, 2013 4:38pm
Quoting feather
Nice call you fuck head. People just loving to sell rallies i guess, I am struggling with this volatility bullshit, when your on the wrong side and have a day like yesterday fuck it kills your account. Is there any valid reason for the big drop? please don't tell me it was because of a bomb in Boston.
FX markets are a lot less volatile than they use to be. 2008 and back EURUSD vol. was around 25%
When the facts change I change my mind, what do you do sir
  • #57,780
  • Apr 15, 2013 4:53pm Apr 15, 2013 4:53pm
Had a nice run down from the China news yesterday. Has hit the .61% fib. I'm out, markets don't go down in a straight line.
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