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AUD/USD

  • #69,821
  • Nov 21, 2013 6:30am Nov 21, 2013 6:30am
Be careful. That knife is sharp.

Quoting mladen111
good buy zone 0,9180-0,9210
Prices are never too high to begin buying or too low to begin selling.
  • #69,822
  • Nov 21, 2013 6:54am Nov 21, 2013 6:54am
Quoting mladen111
Anybody see H&S pattern: {image}
I saw it and it is going down nicely. if it behaves then we have about 400pips downside in store

Olu
If you think you can or cannot do it you are correct
  • #69,823
  • Nov 21, 2013 7:46am Nov 21, 2013 7:46am
Looks like we are heading to .9200 which will fill the gap from 9/16
  • #69,824
  • Nov 21, 2013 9:55am Nov 21, 2013 9:55am
Even if you are long, you have to admit this is beautiful...

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 43 KB
  • #69,825
  • Nov 21, 2013 12:12pm Nov 21, 2013 12:12pm
Quoting 2+2=4ex
Even if you are long, you have to admit this is beautiful... {image}

If I was long I would be pissed.
  • #69,826
  • Nov 21, 2013 1:30pm Nov 21, 2013 1:30pm
Quoting mladen111
We will see but it seems going down.
It was true (price was at 0.926).
  • #69,827
  • Nov 21, 2013 1:42pm Nov 21, 2013 1:42pm
Quoting 2+2=4ex
Even if you are long, you have to admit this is beautiful... {image}

i love it, lots of room to down side. Adding next week to my position
  • #69,828
  • Nov 21, 2013 2:11pm Nov 21, 2013 2:11pm
I long AUD at 0.9200, since DOW stands above 16000, I expect AUD has a nice pull back.
  • #69,829
  • Nov 21, 2013 2:26pm Nov 21, 2013 2:26pm
Quoting feather
Im bearish holding 3 shots till PA tells me otherwise. {image}

Out of all 3 with some nice profits, will wait for PA to hopefully give me some better short entries. A correction could be in place at the current time 9265 could be another place to short if it gets there.
  • #69,830
  • Nov 21, 2013 2:38pm Nov 21, 2013 2:38pm
Quoting feather
{quote} Out of all 3 with some nice profits, will wait for PA to hopefully give me some better short entries. A correction could be in place at the current time 9265 could be another place to short if it gets there.
Or the trend line could come back into play as per my previous image. Might be Monday or Tuesday, but that would be ideal short if there is price rejection off the line.
  • #69,831
  • Nov 21, 2013 2:49pm Nov 21, 2013 2:49pm
I'm short - tp = 0.9172.

Hope that the third red candle will be similar size as the previous one
  • #69,832
  • Nov 21, 2013 2:57pm Nov 21, 2013 2:57pm
Quoting feather
{quote} Out of all 3 with some nice profits, will wait for PA to hopefully give me some better short entries. A correction could be in place at the current time 9265 could be another place to short if it gets there.
Hi Feather you and I are thinking alike. I closed a nice short because of the same reason. The chart is what I posted on my thread

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-2h-21112013-2200uk.jpg Size: 99 KB
If you think you can or cannot do it you are correct
  • #69,833
  • Nov 21, 2013 3:11pm Nov 21, 2013 3:11pm
Quoting Olu
{quote} Hi Feather you and I are thinking alike. I closed a nice short because of the same reason. The chart is what I posted on my thread Olu {image}

I'm out too, and only looking to go long at this level. The fibs fit well on this move down.
FF journal: Peaks and Troffs
  • #69,834
  • Nov 21, 2013 3:16pm Nov 21, 2013 3:16pm
I think this should not pass this broken resistance. Looking this strong move down and fundies should do it.
Weekly turning also nicely down so could suggest further down move next week.

My view.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-22_0012.png Size: 18 KB
  • #69,835
  • Nov 21, 2013 3:24pm Nov 21, 2013 3:24pm
Quoting Vladimir1987
I think this should not pass this broken resistance. Looking this strong move down and fundies should do it. Weekly turning also nicely down so could suggest further down move next week. My view.{image}

Fundamentals don't support AUD lower than 0.91. Actually, lower than 0.92 is oversell area, I think buy dip would get better return.

Au real estate market is quite hot.
Current rates attract lots of foreign investors.
AU output still maintain high level.

KIWI news: RBNZ McDermott: little monetary policy can do about forex rate
  • #69,836
  • Nov 21, 2013 3:52pm Nov 21, 2013 3:52pm
Quoting Olu
{quote} Hi Feather you and I are thinking alike. I closed a nice short because of the same reason. The chart is what I posted on my thread Olu {image}
Well done on your profits, Nice thread ill keep my eye on it. IMO the PA in which we have seen the last 2 days all points to more downside. I don't think we will see 9349 off this move but you never know.
  • #69,837
  • Nov 21, 2013 3:53pm Nov 21, 2013 3:53pm
Quoting zew
{quote} Fundamentals don't support AUD lower than 0.91. Actually, lower than 0.92 is oversell area, I think buy dip would get better return. Au real estate market is quite hot. Current rates attract lots of foreign investors. AU output still maintain high level. KIWI news: RBNZ McDermott: little monetary policy can do about forex rate
But still the rba wants to sink the au at least i read it quite on news... Rba open to intervention was posted on forexlive? Or maybe i dont get it?
For now i just see weekly chart of this pair and a test to the lows and then if it works a carry trade perhaps?

I keep in mind this are predictions which are mostly so so cause who really knows where price will be tomorrow.

PS: one thing i like to look is community outlook and they are buying it like hell.
  • #69,838
  • Nov 21, 2013 6:20pm Nov 21, 2013 6:20pm
Yes. RBA does want to sink AUD at a reasonable level. But what's the exact rate range they want? We don't know. Even they don't know what exact range can solve all the problems in AU economy.

If they try intervention, it won't get good result. Japan can lower their rate to stimulate their output because they have very strong manufacturing industry. But OZ? Even RBA can knock down AUD/USD to under 0.85, it won't stimulate their output too much. Commodities price is not controlled by their hand, controlled by Wall Street and Beijing.

As long as US and China print money in such crazy mode, to knock down AUD at 0.8X level will trigger high inflation and high real estate price. Then local workforce need more salary. It won't help them to become more competitive.

Just too late, they already ruined their manufacturing industry.
  • #69,839
  • Nov 21, 2013 7:40pm Nov 21, 2013 7:40pm
I rode it like a 20 dollar hooker "with protection" and its time to buy now
  • #69,840
  • Nov 21, 2013 7:49pm Nov 21, 2013 7:49pm
Quoting Mr. Freeweed
I rode it like a 20 dollar hooker "with protection" and its time to buy now
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