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AUD/USD

  • #72,781
  • Feb 18, 2014 8:25pm Feb 18, 2014 8:25pm
It's not so much that there's going to be AUD strength to launch this pair up, but Dollar weakness that could do the trick, just as we're seeing breakouts in many other USD pairs like EUR/USD and GBP/USD, even Gold.

Now whether these breakouts and the dollar weakness will continue, perhaps it's even just the beginning, or a major dollar reversal is going to take place, is probably what most traders are observing at this point of time.
  • #72,782
  • Feb 18, 2014 8:47pm Feb 18, 2014 8:47pm
Quoting JollyBean
Anyone feel the same?
I wrote up yesterday pretty much the same but then deleted feeling a bit self conscious.

Unemployment figures are the highest in ten years = expected dollar down = small blip but regained position
RBA would rather a lower dollar = no significant change

It is really struggling to get below the .90000 but everything is telling me it should already be below it.
IMHO people are still very nervous and putting their eggs into AUD but then why wouldn't they with swap rate..

in for a long @ .90051 (scalp)
A genius is born every minute, me I am lucky if my socks match.
  • #72,783
  • Feb 18, 2014 8:52pm Feb 18, 2014 8:52pm
long closed @ .90064
A genius is born every minute, me I am lucky if my socks match.
  • #72,784
  • Feb 18, 2014 8:57pm Feb 18, 2014 8:57pm
Quoting whackdiddy
{quote} It is really struggling to get below the .90000 but everything is telling me it should already be below it.
This describes my "weird" feeling quite perfectly.
  • #72,785
  • Feb 18, 2014 10:07pm Feb 18, 2014 10:07pm
Critical situation waiting for perfect entry ...for short what are your sentiments friends..?????

regards....
  • #72,786
  • Feb 18, 2014 10:35pm Feb 18, 2014 10:35pm
In the Daily Chart Double Top Pattern Formation in 0.91150,so AUD must comes down technically in coming week today target of 0.89275 ,if breach the 0.9000 Level ,long term bearish target of 0.8830 -0.8800 -0.8750 ,Refer my Chart
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 32 KB
  • #72,787
  • Feb 18, 2014 10:39pm Feb 18, 2014 10:39pm
Quoting jegas
In the Daily Chart Double Top Pattern Formation in 0.91150,so AUD must comes down technically in coming week today target of 0.89275 ,if breach the 0.9000 Level ,long term bearish target of 0.8830 -0.8800 -0.8750 ,Refer my Chart {image}



I completely agree with your chart and direction thesis. I think the AUD/USD will form an inverted H&S and move up. I don't think it will go up just yet, but it will go up. Short-term USD strength is highly favored across a lot of crosses on my charts.
The coincidental success is more dangerous than the expected failure
  • #72,788
  • Feb 18, 2014 10:49pm Feb 18, 2014 10:49pm
I don't see it as a double top. I'm looking at it through a longer time frame. I interpret it just short of resistance on a trend line that would normally be a nice sell entry point.
  • #72,789
  • Feb 18, 2014 11:27pm Feb 18, 2014 11:27pm
I can completely understand the double top..

I am short @ .90177
A genius is born every minute, me I am lucky if my socks match.
  • #72,790
  • Feb 18, 2014 11:33pm Feb 18, 2014 11:33pm
Bids thru Asia hold closes above that 50. Short term lines in the sand... new highs, and closes of significance into the .89s.

Attached Image (click to enlarge)
Click to Enlarge Name: bidsthruasia.png Size: 22 KB
  • #72,791
  • Feb 19, 2014 12:06am Feb 19, 2014 12:06am
AUDUSD Levels to watch today 19th Feb, 2014
http://1.bp.blogspot.com/-JtuSY7lnty...2-19_10-52.jpg

Outlook Trade opportunity
There are two levels to watch as shown on chart (red and blue)

The stronger level is the blue where the daily pivot and 1hr Ichikumo Clouds are at


How to trade ?
Zoom into a 5 min or 15 min chart Wait for price to get to those levels and see how it reacts, If it has a good bounce (10-15 pips reaction), then place your pending at a 61.8 retrace of the bounce.


http://4.bp.blogspot.com/-l0IwG7-iho...tion+Entry.jpg

Risk Level Low


Always take note of any economical news event on our provided calender below
Only the strong survives!
  • #72,792
  • Feb 19, 2014 12:18am Feb 19, 2014 12:18am
Anybody like to comment on the cause of that movement, I had a long in as a hedge so still got a few green pips and still holding the short.
A genius is born every minute, me I am lucky if my socks match.
  • #72,793
  • Feb 19, 2014 12:45am Feb 19, 2014 12:45am
A bit of digging and reading the news items.
Looks like China and Japan have ditched some US Bonds and Belgium (read EU) has jumped to the rescue and bought. Speculation is that the funds from Belgium are sourced through the US FED so we might see some very choppy action over the next hour or so.

This may have also had something to do with it...
http://www.forexfactory.com/news.php?do=news&id=471654
A genius is born every minute, me I am lucky if my socks match.
  • #72,794
  • Feb 19, 2014 1:06am Feb 19, 2014 1:06am
AUD climbed from 0.8925 totally ignore the highest unemployed data in past ten years, I would like to say it was a trap or a very short quick retrace. Chinese PMI is going to be released very soon. we can see how does it impact on AUD, it will be a decision on AUD movement.
  • #72,795
  • Feb 19, 2014 2:44am Feb 19, 2014 2:44am
"The official measure of wage growth has recorded its slowest growth on records that go back to 1997."

http://www.abc.net.au/news/2014-02-1...ction=business

I would have thought that today's news would have moved the AUD much lower...
Follow me at andrewfx2020 (dot) com
  • #72,796
  • Feb 19, 2014 2:51am Feb 19, 2014 2:51am
Quoting AussieForexM
"The official measure of wage growth has recorded its slowest growth on records that go back to 1997." http://www.abc.net.au/news/2014-02-1...ction=business I would have thought that today's news would have moved the AUD much lower...
That's more gunpowder and not yet the spark. Just give it time...
  • #72,797
  • Feb 19, 2014 2:59am Feb 19, 2014 2:59am
Quoting 2+2=4ex
{quote} That's more gunpowder and not yet the spark. Just give it time...
When will the spark come??
  • #72,798
  • Feb 19, 2014 3:37am Feb 19, 2014 3:37am
Quoting 50pipsperday
{quote} When will the spark come??
that will cost you 1 ton of gold..

There is a bit of news coming out of the US tonight but the PMI from China may have a bit of impact.
I am heavy short, almost too heavy for my liking.
A genius is born every minute, me I am lucky if my socks match.
  • #72,799
  • Feb 19, 2014 3:41am Feb 19, 2014 3:41am
Quoting 50pipsperday
{quote} When will the spark come??
I don't know exactly when, but whenever their banks start making less money.
  • #72,800
  • Feb 19, 2014 4:28am Feb 19, 2014 4:28am
Quoting whackdiddy
{quote} that will cost you 1 ton of gold.. There is a bit of news coming out of the US tonight but the PMI from China may have a bit of impact. I am heavy short, almost too heavy for my liking.
I'm short 3 lots and my account is about to bust
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