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AUD/USD

  • #62,441
  • Aug 18, 2013 2:58pm Aug 18, 2013 2:58pm
Quoting Neohau
I share you opinion. What do you think about this {image}
I agree with this except for the last red line, I think 899 will hold. If it does I think we are set for a reversal.

Hard to tell right now but thats my opinion
  • #62,442
  • Aug 18, 2013 2:58pm Aug 18, 2013 2:58pm
Quoting samirs
will it cross .9280
Early to mid september I definitely think we are trading 93 and above
  • #62,443
  • Aug 18, 2013 4:45pm Aug 18, 2013 4:45pm
Quoting edindzeko
{quote} Early to mid september I definitely think we are trading 93 and above
I don't know why I just think you gotta NOT believe in a taper in order to see that at these levels.
The coincidental success is more dangerous than the expected failure
  • #62,444
  • Aug 18, 2013 4:54pm Aug 18, 2013 4:54pm
Bullish openings nzd/usd aud/usd
Hope we can see a breakout top this week
Mixed US data might push a/u n/u further north

21 Aug, Wed
US major news
  • #62,445
  • Aug 18, 2013 4:57pm Aug 18, 2013 4:57pm
Hi

Light aus market calling for the margine boo boo


Cheers
  • #62,446
  • Aug 18, 2013 4:58pm Aug 18, 2013 4:58pm
I especially expect to see more recovery in aud/jpy nzd/jpy also soon...
  • #62,447
  • Aug 18, 2013 5:11pm Aug 18, 2013 5:11pm
I think we are going to see some serious gyration in this pair. Short term USD is going to reflect the recent move in US 10Y yields and Oil and will go up. However once Fed announces that no taper will happen USD is going back down. I haven't thought it out yet as far as TP yet. Ill play it on a short term technical price pattern basis and work from there.
The coincidental success is more dangerous than the expected failure
  • #62,448
  • Aug 18, 2013 6:00pm Aug 18, 2013 6:00pm
Bulls be really careful, if you put in daily time frame. 0.922 has been rejected 5 times...
Logics do not apply in FOREX
  • #62,449
  • Aug 18, 2013 6:19pm Aug 18, 2013 6:19pm
Quoting bskwak1124
Bulls be really careful, if you put in daily time frame. 0.922 has been rejected 5 times...
So just buy above 922 if you want to be a bull, problem solved
  • #62,450
  • Aug 18, 2013 6:28pm Aug 18, 2013 6:28pm
Bearish shark pattern now complete, if it breaks 0.921, then shark is invalid.

In which case, it should go for a bullish 5-0 pattern, where target of that bull would also be somewhere around the PRZ of a bearish butterfly.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 99 KB
  • #62,451
  • Aug 18, 2013 6:52pm Aug 18, 2013 6:52pm
bad data, go down a bit plzzzz ,
and another bit tomorrow,
and another bit
and another
  • #62,452
  • Aug 18, 2013 7:16pm Aug 18, 2013 7:16pm
Quoting samirs
this may actually explode up if continues to go up to 9250....too many buy stops
What service do you use that you can see buy stops?
  • #62,453
  • Aug 18, 2013 7:19pm Aug 18, 2013 7:19pm
Quoting Gwan
bad data, go down a bit plzzzz , and another bit tomorrow, and another bit and another
When a trade gets to the "hope" and "prayer" stage, you're probably screwed.
  • #62,454
  • Aug 18, 2013 7:28pm Aug 18, 2013 7:28pm
Quoting samirs
anyone selling here .9222
Why sell? I dont see sell signal
Logics do not apply in FOREX
  • #62,455
  • Aug 18, 2013 7:30pm Aug 18, 2013 7:30pm
Hi

If can't aford to have enough fund do not trade

fund=15000 you can trade 1 standard lot no more

20pip ++ take the profit and close forthe day
Cheers
  • #62,456
  • Aug 18, 2013 8:27pm Aug 18, 2013 8:27pm
whos trading for breakout?
threw in a few lots long, just for kicks. haha
  • #62,457
  • Aug 18, 2013 8:37pm Aug 18, 2013 8:37pm
Quoting jest1081
whos trading for breakout? threw in a few lots long, just for kicks. haha
Yeah, me too.
FF journal: Peaks and Troffs
  • #62,458
  • Aug 18, 2013 8:49pm Aug 18, 2013 8:49pm
Quoting jest1081
whos trading for breakout? threw in a few lots long, just for kicks. haha
Been in this Long AUD/USD trade since 2 weeks ago (I'm a swing trader). Looking mighty fine so far. Around 100 pips
  • #62,459
  • Edited 9:15pm Aug 18, 2013 8:54pm | Edited 9:15pm
today's candlestick should put a clear direction for audusd. In fact, pa has entered a critical zone of test, to put either in a bullish/bearish context for the upcoming weeks/months.

Daily close for this week above 50sma put price in bullish view as long bull body above 50sma.

A close above 50 SMA and break tl = up most likely .

Pure price action + trendline.

Price entering last bear'z zone on daily.

Above last former high of 0.9320 zone, put price with an estimated target near parity or slight above. Probably by a 1-3 months time before year end.

Already broke previous week high. unless 0.9212 don't provide support, as resistance turns support, then retracement down likely. However, meanwhile bullish above 0.9200-12.

1 R T S -> 0.9187
nearest R T S from monday's asia hours -> 0.9208-12.

As soon price enters into last bear zone will put price bullish in this range to challenge within bear zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: P 1.png Size: 46 KB
Click to Enlarge Name: p 2.png Size: 42 KB
  • #62,460
  • Aug 18, 2013 9:03pm Aug 18, 2013 9:03pm
Quoting 5percent
{quote} As shown on last pic's. PA did not closed under last low of support, putting price in range. Thus, range's fibo in used. {image} {image}
Fibo's point of view, with close at 23.6 put price with in a probability of retracement with 0.9070 as support and a close above 50sma put price in positive MACD , short squeeze may be expected

A key catalyst for this test might be tmr - > Monetary Policy Meeting Minutes

another one for audusd this week -> HSBC Flash Manufacturing PMI -> Which might not be as powerful. Unless aud's minutes is negative with negative pmi then heads down likely. Else with positive minutes interpretation even with poor pmi pa will still go up. with both positive. pa up likely.

still usd & jpy will play a part.

mean while for scalper another range play on upper range as seen on min 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fibo.png Size: 40 KB
Click to Enlarge Name: zone area.png Size: 46 KB
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