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AUD/USD

  • #71,881
  • Jan 26, 2014 11:29pm Jan 26, 2014 11:29pm
AUDUSD outlook for the week 27th Jan, 2014
Daily Chart
http://2.bp.blogspot.com/-1LfpQcSe_k...1-26_22-35.jpg



The bearish sentiment continues

  1. Divergence is spotted on stochastic

4 Hourly Chart
http://2.bp.blogspot.com/-rgSqF84iMU...1-26_22-35.jpg


Hourly Chart

http://3.bp.blogspot.com/-KQ7XXukEDZ...1-26_22-35.jpg

Outlook Trade opportunity
Would be selling at a retest of resistance which was support before breakout, and a Long order at major support (pls see 4hr / 1hr chart)


Risk Level Low

Only the strong survives!
  • #71,882
  • Jan 27, 2014 1:54am Jan 27, 2014 1:54am
Good Morning!
Today's S/R levels on MT4 templates

EURO
CABLE
AUDUSD
EURJPY

http://www.forexfactory.com/showthre...06#post7239306
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,883
  • Jan 27, 2014 6:57am Jan 27, 2014 6:57am
Quoting Ssm
{quote} At this moment, looks healthy retracement or profit taking by retail investors from last week, nothing unusual. IMO, its healthy and normal as long as price is capped under .8755.
So far, price capped under .8755 as mentioned earlier.
The true fact is market doesn't care, risk mgt is important.
  • #71,884
  • Jan 27, 2014 6:59am Jan 27, 2014 6:59am
Does anyone started to short it?
  • #71,885
  • Jan 27, 2014 7:04am Jan 27, 2014 7:04am
Quoting garykh
Does anyone started to short it?
Yes but I bailed out.
There was no rally, so I closed my short.
  • #71,886
  • Jan 27, 2014 6:48pm Jan 27, 2014 6:48pm
Well...I was a little laggy on entry...but still managed to shake a few shekkles.

Not feeling much love for the bull right now...think I might sit out a little while on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: laggy.png Size: 29 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #71,887
  • Jan 27, 2014 7:01pm Jan 27, 2014 7:01pm
ahhh yeah!! another amazing selling opportunity!! time to saddle up and ride it to the ground
  • #71,888
  • Jan 27, 2014 7:15pm Jan 27, 2014 7:15pm
Quoting InnerSong
ahhh yeah!! another amazing selling opportunity!! time to saddle up and ride it to the ground
I did take a quickie op...Not sure how long I will be holding, but made up a little for what I missed on getting in on longs...
Attached Image (click to enlarge)
Click to Enlarge Name: quickie.png Size: 29 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #71,889
  • Jan 27, 2014 9:31pm Jan 27, 2014 9:31pm
Whoever is in long position, should earn a little bit profit.
Unfortunately, I did not long it this morning, miss the chance.
  • #71,890
  • Jan 27, 2014 10:33pm Jan 27, 2014 10:33pm
Quoting InnerSong
ahhh yeah!! another amazing selling opportunity!! time to saddle up and ride it to the ground
with you all the way... have a nice short in and going for big pips.
A genius is born every minute, me I am lucky if my socks match.
  • #71,891
  • Jan 27, 2014 10:46pm Jan 27, 2014 10:46pm
Quoting whackdiddy
{quote} with you all the way... have a nice short in and going for big pips.

Have a feeling it will continue its bearish move during LO. BUT then again i have that feeling of it going up higher.
Take what the market gives you.
  • #71,892
  • Jan 27, 2014 11:05pm Jan 27, 2014 11:05pm
Quoting Tiggrrr
{quote} Have a feeling it will continue its bearish move during LO. BUT then again i have that feeling of it going up higher.
Yes I have the same feeling, but I am banking on the news coming out of the US later tonight AUS time. Especially the consumer confidence - that should put a halt on the Aussie climbing further... fingers and toes crossed..
A genius is born every minute, me I am lucky if my socks match.
  • #71,893
  • Jan 28, 2014 12:07am Jan 28, 2014 12:07am
It still bearish...
Forex as Leverage
  • #71,894
  • Jan 28, 2014 12:14am Jan 28, 2014 12:14am
Quoting Chanlie
It still bearish...


hmm...curious to know your point of view.
Take what the market gives you.
  • #71,895
  • Jan 28, 2014 12:26am Jan 28, 2014 12:26am
Quoting Tiggrrr
{quote} hmm...curious to know your point of view.
Weekly and Daily charts are still bearish. H4 still bearish, but sign of retracement.

Therefore conclusion, trend is still bearish. The bullish move today and yesterday are merely retracement or profit taking and is perfectly normal IMO. Look at how .8790 is being rejected in the chart.

However, view might change if we can have a day close above .8850
The true fact is market doesn't care, risk mgt is important.
  • #71,896
  • Jan 28, 2014 12:34am Jan 28, 2014 12:34am
Quoting Ssm
{quote} Weekly and Daily charts are still bearish. H4 still bearish, but sign of retracement. Therefore conclusion, trend is still bearish. The bullish move today and yesterday are merely retracement or profit taking and is perfectly normal IMO. Look at how .8790 is being rejected in the chart. However, view might change if we can have a day close above .8850
So true
Forex as Leverage
  • #71,897
  • Jan 28, 2014 12:46am Jan 28, 2014 12:46am
looks like its retesting 0.8790
Take what the market gives you.
  • #71,898
  • Jan 28, 2014 12:57am Jan 28, 2014 12:57am
Thanks guys learning a lot. I've done a lot of reading on FX trading but now about to get my feet wet and it is all foreign to me (no pun intended).
  • #71,899
  • Jan 28, 2014 12:58am Jan 28, 2014 12:58am
Quoting Tiggrrr
looks like its retesting 0.8790
Keep it coming and keep shorting then.

Only a close above .8850 will show possible sign of a reversal.

By the way, don't forget RBA governor wants .85 while others want .80
The true fact is market doesn't care, risk mgt is important.
  • #71,900
  • Jan 28, 2014 1:01am Jan 28, 2014 1:01am
Quoting Ssm
{quote} Keep it coming and keep shorting then. Only a close above .8850 will show possible sign of a reversal. By the way, don't forget RBA governor wants .85 while others want .80
Even though this pair might be a no-brainer trade, long term downtrend to .80 level, but please please protect yourself with stops.
The true fact is market doesn't care, risk mgt is important.
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