AUD/USD | Page 3609 | 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

  • #72,161
  • Jan 31, 2014 12:15pm Jan 31, 2014 12:15pm
Exactly, So if you open on many charts the 4 hour and study where they bounce then you get the hang of it.

Now, the folllowing question is how do you determine where to exit? Because entering a trade is not that difficult, but where do we exit?
That's where your fibonnaci come in handy to scale out.
  • #72,162
  • Jan 31, 2014 12:17pm Jan 31, 2014 12:17pm
Quoting irongoose
{quote} You and I were really close on a couple of those levels for the Eur/JPY
And of coarse it wouldn't hurt to check a lower time frames to see if any levels or the 200 EMA lines up with any of those levels.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 47 KB
  • #72,163
  • Jan 31, 2014 12:21pm Jan 31, 2014 12:21pm
Quoting attilafx
Exactly, So if you open on many charts the 4 hour and study where they bounce then you get the hang of it. Now, the folllowing question is how do you determine where to exit? Because entering a trade is not that difficult, but where do we exit? That's where your fibonnaci come in handy to scale out.
This is an area I'm weak in, but generally I like to exit around the round numbers .8800 .8750 .8700 and so on.... and levels.
  • #72,164
  • Jan 31, 2014 12:30pm Jan 31, 2014 12:30pm
attilafx still there?
  • #72,165
  • Jan 31, 2014 9:34pm Jan 31, 2014 9:34pm
China mfg PMI is down. AU tanks on Monday
  • #72,166
  • Feb 1, 2014 12:15am Feb 1, 2014 12:15am
Aussie Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie.png Size: 20 KB
  • #72,167
  • Feb 1, 2014 4:41am Feb 1, 2014 4:41am
Quoting PipMaxzz
China mfg PMI is down. AU tanks on Monday
I disagree the fear was based on HSBC was that we would have contraction in China manufacturing for the first time in a long time. the fact it is expansionary still is positive for AUD
  • #72,168
  • Feb 1, 2014 5:54am Feb 1, 2014 5:54am
Quoting PipMaxzz
China mfg PMI is down. AU tanks on Monday

Not expecting great impact from this

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 18 KB
  • #72,169
  • Feb 1, 2014 7:23am Feb 1, 2014 7:23am
I expect AUD to go up on Monday following the China PMI. As you guys know, aud tanks after the last week HSBC reading of below 50.

Market is expecting the result on Sunday to drop too but interesting result is above 50 and near to the forecast.

My guess is AUD may go just a bit higher as Tuesday is another impt day for AUD as us AUD reporting rate changes.

Guess when no one thought AUD will go up...it will go up...
  • #72,170
  • Feb 2, 2014 6:30am Feb 2, 2014 6:30am
Quoting attilafx
Dang, for now a Higher Low placed, and what's more look at USD/CAD. They move inverse, so if you've really didn't closed your shorts now and took profit you must be blind as a bat. Could be short squeez, My assumption is that the trend down is stopped for now and shorts are closing their position. With some bad luck those who stay short will be squeezed out the market. I wouldn't be surprised to see 0.90+ very soon. Markets don't go endless one way, there will ALWAYS be BIG squeezes and it looks like the time has come. To many on the short side....
Have seen it too often some are comparing USD/CAD and AUD/USD and the explanation was both are commodity currencies but you rreally believe that? In what way AUD can impact CAD or vice versa?
  • #72,171
  • Feb 2, 2014 7:34am Feb 2, 2014 7:34am
we have same daily ,but weekly ,for me its not 100% clear for down tho its preferred I guess maybe bit higher

Quoting DailyChart
Aussie Daily Chart {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud USD w1 Spot.png Size: 18 KB
Click to Enlarge Name: aud USD Spot.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #72,172
  • Feb 2, 2014 7:42am Feb 2, 2014 7:42am
AUDUSD Forecast & Trade Setup for 3rd -7th Feb, 2014


Monthly Chart

http://3.bp.blogspot.com/-YzqxdI6DX7...2-02_15-15.jpg


  1. Monthly candle has lower lows, and looks very heavy
  2. Stochastic is diverging



Weekly Chart

http://2.bp.blogspot.com/-iW_8JJo1oY...2-02_15-15.jpg

  1. Pretty much similar to the monthly, looks heavy as we broke support and looking down to my blue potential reversal zone



Daily Chart

http://3.bp.blogspot.com/-Pp9HvtJ4dX...2-02_15-15.jpg



  1. A different story on a daily chart it seems we may have found support
  2. Friday's Candle shows a bit of bullish momentum starting
  3. Stochastics are diverging nicely
  4. Chart also shows a potential cypher pattern (bit optimistic outlook as it has to break through broken support which now is resistance
  5. Another trade which follows the trend like a stepping block is a retest of the resistance. and could short there for a scalp.



Hourly Chart

http://2.bp.blogspot.com/-MU8HIsn5SJ...2-02_15-15.jpg

Outlook Trade opportunity


  1. A buy setup is shown in Hourly Chart
  2. [highlight=yellow; white-spacere-wrap]A sell setup is shown (which is my optimistic cypher pattern)[/highlight]
  3. [highlight=yellow; white-spacere-wrap]A trend follow stepping block style trade is drawn on Daily chart - however zooming in to hourly doesn't seem convincing, .. - [/highlight]

Note, although bearish overall view, the Friday Daily candle shows rejection from below, and with the last 4 hour candle action, it has closed at a minor resis area, so would need to let the market tell us its short term trend this week

Risk Level LOW


Tips -

Always take note of any economical news event on our provided calender below

Only the strong survives!
  • #72,173
  • Feb 2, 2014 9:32am Feb 2, 2014 9:32am
RBA want Aussie at .800, and it will likely get there. Why? Because fundamentally and technically, supports further drop in the Aussie. When all the stars are aligned, it not a good idea to be calling bottoms, because there are plenty of bottomless pits you can fall into. Cheers, good luck.
Trade what you see, not what you think!
  • #72,174
  • Feb 3, 2014 2:04am Feb 3, 2014 2:04am
If RBA wants the currency lower, they will make it lower. Just remember famous Draghi quotes ''whatever it takes; pointless to short EURO''

I would love to see Aussie rebound just to short this pair during May
  • #72,175
  • Feb 3, 2014 3:56am Feb 3, 2014 3:56am
Latest CTFC data shows that in the last 2 weeks retail shorts increased considerably. Commercials are ready to take your money!

Beware taking short postions in the next few days/weeks.
  • #72,176
  • Feb 3, 2014 4:15am Feb 3, 2014 4:15am
a failure to break and hold above .88 right now will likely see a swift move down to test .87. It tried and failed three times last week creating a triple top around .8820. Daring to test that level again, especially during nfp week is almost certain to fail
BTC Return This Year: na
  • #72,177
  • Feb 3, 2014 4:57am Feb 3, 2014 4:57am
Quoting shripsfx
Latest CTFC data shows that in the last 2 weeks retail shorts increased considerably. Commercials are ready to take your money! Beware taking short postions in the next few days/weeks.
All one needs to do is play the levels with stop losses and see what happens. If what you are saying is true and the market is heavy with sellers then the sellers will need buyers and that means price will have to go up for a while before coming down again.
  • #72,178
  • Feb 3, 2014 5:11am Feb 3, 2014 5:11am
Quoting irongoose
{quote} All one needs to do is play the levels with stop losses and see what happens. If what you are saying is true and the market is heavy with sellers then the sellers will need buyers and that means price will have to go up for a while before coming down again.
.8824 and .8884
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 49 KB
  • #72,179
  • Feb 3, 2014 9:22am Feb 3, 2014 9:22am
Looks like .8820 is still heavily defended. Bulls unable to break this level with a candle close.
The true fact is market doesn't care, risk mgt is important.
  • #72,180
  • Feb 3, 2014 9:25am Feb 3, 2014 9:25am
Probably a lot of sell stops triggered.
Fix up, trade sharp ...
133 traders viewing now