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AUD/USD

  • #60,861
  • Jul 29, 2013 7:44pm Jul 29, 2013 7:44pm
Quoting forexalien
{quote} I have more red sensors than green ones at the moment................. But Bears do turn into bulls over time..................
If you look at PA on the Daily, it's going to roll over in time.................
Attached Image (click to enlarge)
Click to Enlarge Name: 7_29_13 aud daily.JPG Size: 218 KB
The More You Learn, The More You Earn.....
  • #60,862
  • Jul 29, 2013 7:57pm Jul 29, 2013 7:57pm
Apart from technical comment, is there anyone out there who can comment on strength of natural demand on buy and sell side and current market activities of RBA to support or push Aussie lower?
  • #60,863
  • Jul 29, 2013 8:26pm Jul 29, 2013 8:26pm
Wed is the FED outlook.
Buyers are taking profit before this.
But rem we are in a upward rebounce from month long trend.
Be cautious.
  • #60,864
  • Jul 29, 2013 9:24pm Jul 29, 2013 9:24pm
Ratio becoming more lopsided...
Attached Image
  • #60,865
  • Jul 29, 2013 9:34pm Jul 29, 2013 9:34pm
Quoting 2+2=4ex
Ratio becoming more lopsided... {image}
That's Retail adding to their losing trades..............Hahaha
The More You Learn, The More You Earn.....
  • #60,866
  • Jul 29, 2013 9:36pm Jul 29, 2013 9:36pm
Quoting forexalien
{quote} That's Retail adding to their losing trades..............Hahaha
Yup. Hahaha.
  • #60,867
  • Jul 29, 2013 9:44pm Jul 29, 2013 9:44pm
Quoting 2+2=4ex
Ratio becoming more lopsided... {image}
When I first saw that image the first thing that came to my mind was most successful traders do the opposite to everyone else.

The AUD is going down, the talk here is that the govt have still got another 20 billion odd hole in the budget and the RBA have been trying to get the AUD USD down to the 88cent mark. I have picked up on the first part of the ride down with poor building approvals and will be trying collect another 100 pips on next announcement in 30 odd minutes, good luck everyone
  • #60,868
  • Jul 29, 2013 10:09pm Jul 29, 2013 10:09pm
I will buy the SH!T outta Aussie on a nice dip.... Then position myself for the retake of 1.00000000
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #60,869
  • Jul 29, 2013 10:10pm Jul 29, 2013 10:10pm
But successful ‘rotation’ of demand will probably also involve more net foreign demand for other Australian output of various kinds. Given that, the recent decline in the exchange rate seems to make sense from a macroeconomic perspective. It would not be a major surprise if a further decline occurred over time, though of course events elsewhere in the world will also have a bearing on that particular price.
Don't be smart. Be rich.
  • #60,870
  • Jul 29, 2013 10:14pm Jul 29, 2013 10:14pm
Quoting XTrade
I will buy the SH!T outta Aussie on a nice dip.... Then position myself for the retake of 1.00000000

Question is my friend where is the buy zone. I used to think 0.899 and now im not so sure.

Bernanke ratchets up the taper talk we could blow through 0.85

Agree though. There is a good long term buying opportunity coming up. Just dont be too quick on the trigger.

The ratios suggest many have already jumped the gun.
Money never sleeps...
  • #60,871
  • Jul 29, 2013 10:15pm Jul 29, 2013 10:15pm
Quoting XTrade
I will buy the SH!T outta Aussie on a nice dip.... Then position myself for the retake of 1.00000000
So has it dropped enough for you yet ?
The More You Learn, The More You Earn.....
  • #60,872
  • Jul 29, 2013 10:19pm Jul 29, 2013 10:19pm
Quoting maximinus
But successful ‘rotation’ of demand will probably also involve more net foreign demand for other Australian output of various kinds. Given that, the recent decline in the exchange rate seems to make sense from a macroeconomic perspective. It would not be a major surprise if a further decline occurred over time, though of course events elsewhere in the world will also have a bearing on that particular price.
Right on, even in the decline we tend to see whipsaws on most bigger moves down making it harder to hold positions, I can't really see the AUD heading back to the 1.00 for a while china growth is slowing and commod prices are off the boil, for me its 1 trade at a time then re focus on whats going on next time round if I come across a nice looking chart.
  • #60,873
  • Jul 29, 2013 10:24pm Jul 29, 2013 10:24pm
Bought @ 0.9100 SL @ 0.9019 TP- 0.9150~0.9180 area . Might take a couple of 4hour candles to get there maybe.
"be content with your pay" - John the Baptist
  • #60,874
  • Jul 29, 2013 10:27pm Jul 29, 2013 10:27pm
Quoting dormin
Bought @ 0.9100 SL @ 0.9019 TP- 0.9150~0.9180 area . Might take a couple of 4hour candles to get there maybe.

No offence but do you like catching knives
  • #60,875
  • Jul 29, 2013 10:29pm Jul 29, 2013 10:29pm
Quoting DannyW
{quote} No offence but do you like catching knives

If it stays above 90 then it's a screaming buy for a long. Very safe buy with super good risk to reward. So long as a weekly close above 90 then its a very good buy!
  • #60,876
  • Jul 29, 2013 10:30pm Jul 29, 2013 10:30pm
Quoting dormin
Bought @ 0.9100 SL @ 0.9019 TP- 0.9150~0.9180 area . Might take a couple of 4hour candles to get there maybe.

Fundamental analysis
FED 's tapering is coming tmr. Now RBA causes AUD/usd to down by 80 pips at least, so what is the trick over here?
Lets think..
Will the aud/usd down all the way till parity 0.9000 before it goes up upon EXPECTED FED tapering news?

Technical Analysis
Current is month long trend upward rebounce
  • #60,877
  • Jul 29, 2013 10:33pm Jul 29, 2013 10:33pm
Immediate support to the downside for AUD/USD lies at recent session and fresh 2-week lows 0.9089, followed by July 09 lows at 0.9082, and July 08 lows at 0.9041. To the upside, closest resistance shows at current levels as July 01 lows 0.9106, followed by July 25 lows at 0.9126, and July 18 lows at 0.9138.
  • #60,878
  • Jul 29, 2013 10:33pm Jul 29, 2013 10:33pm
Quoting leticus
{quote} Fundamental analysis FED 's tapering is coming tmr. Now RBA causes AUD/usd to down by 80 pips at least, so what is the trick over here? Lets think.. Will the aud/usd down all the way till parity 0.9000 before it goes up upon EXPECTED FED tapering news? Technical Analysis Current is month long trend upward rebounce
Seasonal Analysis
Based on 10 year seasonal behaviour, AUD/USD should be uptrend all the way till 15th August then Drop all the way in month of Sep.

With all these, does it means a Buy Trend for Aud/usd now untill end of August?

just my 2 cents.
  • #60,879
  • Jul 29, 2013 10:34pm Jul 29, 2013 10:34pm
If retail and trade balance is worse than expected low 0.8 might be hit..... Well, i might be wrong...
Logics do not apply in FOREX
  • #60,880
  • Jul 29, 2013 10:35pm Jul 29, 2013 10:35pm
Quoting zipfur
Immediate support to the downside for AUD/USD lies at recent session and fresh 2-week lows 0.9089, followed by July 09 lows at 0.9082, and July 08 lows at 0.9041. To the upside, closest resistance shows at current levels as July 01 lows 0.9106, followed by July 25 lows at 0.9126, and July 18 lows at 0.9138.
Nice copy & paste, at least give credit to source!

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