AUD/USD | Page 3336 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #66,701
  • Sep 29, 2013 6:11pm Sep 29, 2013 6:11pm
Quoting fxtyrant
{quote} wont be for another 5 years... but 5 years aint that far... time flies but get ready for a huge CNY or CNH appreciation. have been piling my CNY and CNH deposits for a year or so now... its been quite rewarding too
You might want to read the article, because according to John, the CNY will have to depreciate in order for China to print enough to reach reserve status.
One of the cornerstones to reserve currency status is liquidity. Basically John says that as soon as the PBOC floats the CHY and/or the CNH, or whatever they will call it at that time, depreciation will start instantly.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,702
  • Sep 29, 2013 6:12pm Sep 29, 2013 6:12pm
Quoting SpartanTrade
{quote} Nothing really decisive with the 1hr close but at the current levels I think a daily close below 9280 will make room for further downside but it may find quite a bit of support 9280/90 area
Yes you are quite right. H1 can never be decisive for 100pips or more but for 30-50 pips H1 is pretty good. Anyway I see this candle which I highlighted
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 55 KB
the cautious seldom err....C
  • #66,703
  • Sep 29, 2013 6:15pm Sep 29, 2013 6:15pm
Quoting fxtyrant
{quote} buddy you dont want to be wrong again... so far i have been right with calling long on my EURAUD (taken profit too), and its gona be right again for me on AUDUSD. im eyeing at the 0.92 level. so im sorry if i called for us to reach 0.93, 2 days early i was expecting us to reach it by last wednesday, we reached it by friday, sorry my timing is off, but not my direction... so im gona say we WILL reach 0.92 just a matter of when. very often i find myself making a call of the right direction but wrong timing. same happened with me and gold back...
There you go again apologising for being right again!!! Or pre-empting that your right again. Please man or should i say Nostradamus, give it a rest. Right, wrong win lose I have a plan relax buddy. If it gets to 92 good luck to ya and all the bears. That's the name of the game. I'm not gonna be kicking myself for not listening to you!!! I'll tell you that right now.

We are at a key area and yes we may hit 92 and we may not. Anyway this is what im looking at
Attached Image (click to enlarge)
Click to Enlarge Name: AUD3.jpg Size: 653 KB
  • #66,704
  • Sep 29, 2013 6:16pm Sep 29, 2013 6:16pm
Quoting PipTrapper
{quote} You might want to read the article, because according to John, the CNY will have to depreciate in order for China to print enough to reach reserve status. One of the cornerstones to reserve currency status is liquidity.
yea but heres the thing.... CNY wont depreciate much when they push for increased supply for CNY....
heres what differentiates the CNY and the USD

US Dollar has been printing a lot of money from Bush Administration onwards, problem is... The US economy is already in the slow growth drive, lacking demand for the currency to keep the Currency propped up when they printed USD...

China however is still in a 7% growth (you can argue bout the validity) but still an emerging market with growth potential, heck even the stock market in China is undervalued.
yet you see Demand for CNY... this demand is going to prop up the the CNY as CNY gradually increases its supply.... heck you wont even see much of a drop in value of for the CNY... surely MUCH less drastic than the USD if a devaluation happens....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,705
  • Sep 29, 2013 6:18pm Sep 29, 2013 6:18pm
Quoting fxtyrant
{quote} yea but heres the thing.... CNY wont depreciate much when they push for increased supply for CNY.... heres what differentiates the CNY and the USD US Dollar has been printing a lot of money from Bush Administration onwards, problem is... The US economy is already in the slow growth drive, lacking demand for the currency to keep the Currency propped up when they printed USD... China however is still in a 7% growth (you can argue bout the validity) but still an emerging market with growth potential, heck even the stock market in China is undervalued....
Have you read the article?
Those who say it cannot be done should not interrupt those who are doing it
  • #66,706
  • Sep 29, 2013 6:18pm Sep 29, 2013 6:18pm
Quoting SpartanTrade
{quote} There you go again apologising for being right again!!! Or pre-empting that your right again. Please man or should i say Nostradamus, give it a rest. Right, wrong win lose I have a plan relax buddy. If it gets to 92 good luck to ya and all the bears. That's the name of the game. I'm not gonna be kicking myself for not listening to you!!! I'll tell you that right now. We are at a key area and yes we may hit 92 and we may not. Anyway this is what im looking at {image}
Yep i've got a huge ego,

and yes 0.92 is where im gona take profit on my AUDUSD short... after that, the AUDUSD can do whatever you want.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,707
  • Sep 29, 2013 6:44pm Sep 29, 2013 6:44pm
Quoting PipTrapper
{quote} Have you read the article?
i have a clue what its about but im gona give it a read soon.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,708
  • Sep 29, 2013 7:11pm Sep 29, 2013 7:11pm
How come new zealand business confidence index already out, 1 hr. earlier
the cautious seldom err....C
  • #66,709
  • Sep 29, 2013 7:20pm Sep 29, 2013 7:20pm
FF calendar not the best
  • #66,710
  • Sep 29, 2013 7:36pm Sep 29, 2013 7:36pm
what time is the announcement of hsbc pmi? Give it to me in mins from now. thks
the cautious seldom err....C
  • #66,711
  • Sep 29, 2013 7:37pm Sep 29, 2013 7:37pm
Quoting pips29
what time is the announcement of hsbc pmi? Give it to me in mins from now. thks
i think 67 mins from now
  • #66,712
  • Sep 29, 2013 7:55pm Sep 29, 2013 7:55pm
Thks spartan, I will be off to bed as soon as my H4 tf closes in 10 mins. Won't be watching. Euro not going anywhere, reckon they are waiting for europe and london to sell it down in the first hour or so
the cautious seldom err....C
  • #66,713
  • Sep 29, 2013 8:02pm Sep 29, 2013 8:02pm
Quoting pips29
Thks spartan, I will be off to bed as soon as my H4 tf closes in 10 mins. Won't be watching. Euro not going anywhere, reckon they are waiting for europe and london to sell it down in the first hour or so
Asian sessions will be volatile this week as China has golden week! Volume will definitely be with eur session. Cheers
  • #66,714
  • Sep 29, 2013 8:12pm Sep 29, 2013 8:12pm
had taken a small short. going to bed. be back in 7-8 hrs time
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh15m.png Size: 60 KB
15mtf
the cautious seldom err....C
  • #66,715
  • Sep 29, 2013 8:19pm Sep 29, 2013 8:19pm
Quoting pips29
had taken a small short. going to bed. be back in 7-8 hrs time{image} 15mtf
I would advice against it until these levels are clreared.

http://i.imgur.com/CGbXrDO.jpg
  • #66,716
  • Sep 29, 2013 8:23pm Sep 29, 2013 8:23pm
Quoting PipTrapper
{quote} I have learned to stay away from such discussions. There are some individuals on FF that would hunt you down to have you drawn and quartered if you told them there was no such thing as a gap. In fact, I do know for sure there is a gap. Look here >>> http://www.gap.com
IMO
A 3 Finger Gap is the Best........................IMO
Attached Image
The More You Learn, The More You Earn.....
  • #66,717
  • Sep 29, 2013 8:26pm Sep 29, 2013 8:26pm
Quoting pips29
had taken a small short. going to bed. be back in 7-8 hrs time{image} 15mtf
Just before news! okay GL
  • #66,718
  • Sep 29, 2013 8:27pm Sep 29, 2013 8:27pm
look for lower IMO. We will get a bump out China data but its going lower
  • #66,719
  • Sep 29, 2013 8:30pm Sep 29, 2013 8:30pm
Quoting dpaulinla
look for lower IMO. We will get a bump out China data but its going lower
good data might push us towards 9340 maybe even attack 9370 area before any decline
  • #66,720
  • Sep 29, 2013 8:37pm Sep 29, 2013 8:37pm
hourly close/ china data will tell.

meanwhile, take note previous support 0.9338 and 0.9327 on friday is resistance channel of support turn resistance channel 1. -> its not hard to be reclaim.

Lower hi 0.9368 and 0.9375/8.

Price reclaim over 0.9338 = price can retrace likely.

As long price is kept under a lower hi than 0.9368 price is prone to re-test support or make lower lo.

Until 2 level of lower hi is breached. preferably at 0.9402, where a daily would be a pin bar hammer likely. Else price is still sliding and trending gradually lower.
35 traders viewing now