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AUD/USD

  • #70,061
  • Nov 29, 2013 8:34am Nov 29, 2013 8:34am
Hi, friends!
Do you think we'll reach 0.9200 today?
  • #70,062
  • Nov 29, 2013 8:36am Nov 29, 2013 8:36am
Quoting sharovegas
Hi, friends! Do you think we'll reach 0.9200 today?
With all due respect, you are kidding....., right?
  • #70,063
  • Nov 29, 2013 8:40am Nov 29, 2013 8:40am
Quoting dambuster
{quote} With all due respect, you are kidding....., right?
Now, it's the last trading day in this month, i expect something nice but, it's just my poor opinion.
  • #70,064
  • Nov 29, 2013 9:01am Nov 29, 2013 9:01am
Quoting sharovegas
{quote} Now, it's the last trading day in this month, i expect something nice but, it's just my poor opinion.
Its friday my friend. Yesterday is a US holiday, most of the traders are on a long weekend off.
The true fact is market doesn't care, risk mgt is important.
  • #70,065
  • Nov 29, 2013 9:13am Nov 29, 2013 9:13am
Quoting sharovegas
{quote} Now, it's the last trading day in this month, i expect something nice but, it's just my poor opinion.
Count me on. My opinion is above 9150.
Outcome is not important at all, but correct technique is what only matters
  • #70,066
  • Nov 29, 2013 9:19am Nov 29, 2013 9:19am
H1 : looks like inverse H&S

H4 : looks like doble bottom if can break 913x

Please correct if i'm wrong
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ausi.png Size: 26 KB
Click to Enlarge Name: ausi2.png Size: 25 KB
  • #70,067
  • Nov 29, 2013 9:33am Nov 29, 2013 9:33am
Quoting santuary123
H1 : looks like inverse H&S H4 : looks like doble bottom if can break 913x Please correct if i'm wrong {image} {image}
The pattern is so straight, how would you be wrong.


But pattern isn't the most important stuff, right?

You would consider why someone talked buy 9060, and why 9133 so much attention.

And what is the trend? Why people always talked trend is your best friend?
Outcome is not important at all, but correct technique is what only matters
  • #70,068
  • Nov 29, 2013 9:48am Nov 29, 2013 9:48am
Quoting szpowerx
{quote} The pattern is so straight, how would you be wrong. But pattern isn't the most important stuff, right? You would consider why someone talked buy 9060, and why 9133 so much attention. And what is the trend? Why people always talked trend is your best friend?
Yeah the pattern isn't the most important.. i mean sometimes true and sometimes not..
many kinds of styles of trading (focus tech/ focus fundie/ fundie + tech)

9060 support 9133 is resistance.. @@
But i dont think about that.. just view n belive my trading style

How about you about that??
  • #70,069
  • Nov 29, 2013 9:49am Nov 29, 2013 9:49am
Be careful of china data
  • #70,070
  • Nov 29, 2013 9:51am Nov 29, 2013 9:51am
Quoting santuary123
{quote} Yeah the pattern isn't the most important.. i mean sometimes true and sometimes not.. many kinds of styles of trading (focus tech/ focus fundie/ fundie + tech) 9060 support 9133 is resistance.. @@ But i dont think about that.. just view n belive my trading style How about you about that??
Just belive, why you ask that way, correct me if i am wrong....
Outcome is not important at all, but correct technique is what only matters
  • #70,071
  • Nov 29, 2013 9:52am Nov 29, 2013 9:52am
Quoting k3nshinz3139
Be careful of china data
No need to worry china data, only positive to Aussie.
Outcome is not important at all, but correct technique is what only matters
  • #70,072
  • Nov 29, 2013 10:00am Nov 29, 2013 10:00am
Quoting szpowerx
Can this pair show us strength to break 9133?
Let's see whether this time the 9133 broken n go up
Outcome is not important at all, but correct technique is what only matters
  • #70,073
  • Nov 29, 2013 12:12pm Nov 29, 2013 12:12pm
Hi,

This is a positional call for AUD/USD
On a daily chart closing basis buy AUD/USD near 0.9050-0.9100 levels for the target of 0.9240 levels. Stop loss will be near 0.8940-0.8930 regions.
  • #70,074
  • Nov 29, 2013 4:03pm Nov 29, 2013 4:03pm
0.89 is a must-reach, be vigilant
  • #70,075
  • Nov 30, 2013 8:26am Nov 30, 2013 8:26am
Quoting ForexMGames
For this AUDUSD, it could be potentially forming a bearish bat pattern. The price action right now is inconclusive as to whether the bearish bat pattern may form or not. Therefore, I am taking of the opinion that it could form. The key here is to find a price level where point C reverses upwards point D. This trade is thus trading the CD leg. A successful trader makes their money by taking calculated odds in their favor. If this trade works, then we would have caught the bottom of the CD leg. And we would have capture all the profits from the entire...
did you long ? or still waiting for lower price?
  • #70,076
  • Nov 30, 2013 10:53am Nov 30, 2013 10:53am
AU - monthly - It does not have a clear read at this time. It is showing short and the ADX has no power behind it at this time..........

Watch the weekly for clues if it is to turn.................
Attached Image (click to enlarge)
Click to Enlarge Name: 11_30_13 au month.JPG Size: 262 KB
The More You Learn, The More You Earn.....
  • #70,077
  • Nov 30, 2013 10:57am Nov 30, 2013 10:57am
Weekly is showing the same mixed read as the monthly. ADX is mixed with no power behind it. the lower window is hinting at further downside but is not confirmed yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 11_30_13 au week.JPG Size: 254 KB
The More You Learn, The More You Earn.....
  • #70,078
  • Nov 30, 2013 11:02am Nov 30, 2013 11:02am
AU - daily - showing a down trend. ADX is setting up for more downside after a retrace. Unclear how long AU will stay in oversold mode.
Look at H4 for changes in trend...........
Attached Image (click to enlarge)
Click to Enlarge Name: 11_30_13 au day.JPG Size: 269 KB
The More You Learn, The More You Earn.....
  • #70,079
  • Nov 30, 2013 11:09am Nov 30, 2013 11:09am
AU - H4 - PA is coming to a crawl, Bollinger Band Squeeze is taking place and a range is setting up.

The lower window is showing signs of a slow climb and then another drop.

ADX has no power behind it at this time. As you can see yourself PA is mixed.............
Attached Image (click to enlarge)
Click to Enlarge Name: 11_30_13 au H4.JPG Size: 263 KB
The More You Learn, The More You Earn.....
  • #70,080
  • Dec 1, 2013 12:16am Dec 1, 2013 12:16am
Hi,

Thanks for your views/opinions.....
Apart from the above there seems to be good amount of fundamental/economical calender data coming from US (which seems to be remain mixed throughout the week) and speculative for the pair.

For Aussie:
Last five quarters of Aussie GDP - hovering near 0.6% and 0.5% (which seems to be positive to stable factor for the pair)
Cash rate expected to remain stable....Trade balance may show some signs of improvement wrt to prior couple of months....

In 4HR chart also: 0.9133-35 levels must be broken for near term 0.9180-95 regions and in order to achieve the overall target of 0.9250 areas.
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