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AUD/USD

  • #72,901
  • Feb 20, 2014 12:30am Feb 20, 2014 12:30am
Quoting SaiLyfee
Since my previous post got knocked off from the last page I'll ask again, I'm just wondering if anyone could tell me why the Aussie reacts to economic data from China? Is this always the case?
Australia's biggest export is coal. Their biggest Coal customer is China and China is the biggest consumer and producer of Coal in the world.
China is also the biggest consumer of electricity in the world. They produce their electricity using coal. also, they are the biggest steel producer in the world. 70 percent of their steel is produced using coal.

So, if China's numbers are not good it depresses Australian markets. Australia's economy used to depend more on the US. Not anymore!
  • #72,902
  • Feb 20, 2014 12:33am Feb 20, 2014 12:33am
Quoting Sacred Cut
{quote} Australia's biggest export is coal. Their biggest Coal customer is China and China is the biggest consumer and producer of Coal in the world. China is also the biggest consumer of electricity in the world. They produce their electricity using coal. also, they are the biggest steel producer in the world. 70 percent of their steel is produced using coal. So, if China's numbers are not good it depresses Australian markets. Australia's economy used to depend more on the US. Not anymore!
Wow yeah I get that fully now, the importance of China to Australia is huge then! Thanks for the interesting info
  • #72,903
  • Feb 20, 2014 1:44am Feb 20, 2014 1:44am
Quoting Ssm
{quote} Just curious, why do you say so? Aud just fell far thru a major .9 level and Eur has been bullish for the past few days.
Because audusd is above its daily 50, euraud is below its daily 50and before they mark it up or down they generally make major pullbacks to daily 50ma.Put a daily 20-50 on your chart and you will say ohhhh my !Daily 20-50 cross at work
  • #72,904
  • Feb 20, 2014 1:50am Feb 20, 2014 1:50am
Quoting okanemici
{quote} Because audusd is above its daily 50, euraud is below its daily 50and before they mark it up or down they generally make major pullbacks to daily 50ma.Put a daily 20-50 on your chart and you will say ohhhh my !Daily 20-50 cross at work
Aynen oyle ; )
  • #72,905
  • Feb 20, 2014 2:00am Feb 20, 2014 2:00am
This was yesterday that I predicted the Aussie would go down and shorted it.
However, IMO the overall trend is bullish for the next couple of months after this correction that just started.

first chart is daily and the second one is weekly of AUD futures
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD_DAILY.jpg Size: 175 KB
Click to Enlarge Name: AUD_WEEKLY.jpg Size: 101 KB
  • #72,906
  • Feb 20, 2014 2:03am Feb 20, 2014 2:03am
Quoting okanemici
I'm out my EURAUD long at 1.5335 with CNY data.1.534x is perfect to short EURAUD right now.This was the last pullback effort to daily 50 and it will go down !!! The opposite happened in AUDUSD.This is also a perfect opportunity to long AUDUSD against 0.89 !
Told ya last nite !!!
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 67 KB
  • #72,907
  • Feb 20, 2014 2:09am Feb 20, 2014 2:09am
Quoting Sacred Cut
This was yesterday that I predicted the Aussie would go down and shorted it. However, IMO the overall trend is bullish for the next couple of months after this correction that just started. first chart is daily and the second one is weekly of AUD futures {image} {image}
Enteresan teknik Ne zamandır trade yapıyorsunuz, işiniz bu mu ?
  • #72,908
  • Feb 20, 2014 2:12am Feb 20, 2014 2:12am
Quoting okanemici
{quote} Enteresan teknik Ne zamandır trade yapıyorsunuz, işiniz bu mu ?
işsizlik yuzunden bu konuyla ilgili okumaya başladım. 2 bucuk sene oldu hesap açalı. baya para kaybettim başlarda daha yeni profitable olmaya başladım. steep learning curve. full-time yapmaya çalışıyorum. evet başka işim yok. hanım bakiyor bisüredir bana
  • #72,909
  • Feb 20, 2014 2:16am Feb 20, 2014 2:16am
Quoting Sacred Cut
{quote} işsizlik yuzunden bu konuyla ilgili okumaya başladım. 2 bucuk sene oldu hesap açalı. baya para kaybettim başlarda daha yeni profitable olmaya başladım. steep learning curve. full-time yapmaya çalışıyorum. evet başka işim yok. hanım bakiyor bisüredir bana
Surekli kazanma yoluna girdin mi bari ? En basta kaybedilenin kazanılması çok zor.Onları kazanayım derken daha çok kaybediyor insan.Aynısı benim başıma geldi.Psikoloji çok önemli.Çalışan tekniklerimizi paylaşabiliriz.
  • #72,910
  • Feb 20, 2014 2:16am Feb 20, 2014 2:16am
Quoting Sacred Cut
{quote} işsizlik yuzunden bu konuyla ilgili okumaya başladım. 2 bucuk sene oldu hesap açalı. baya para kaybettim başlarda daha yeni profitable olmaya başladım. steep learning curve. full-time yapmaya çalışıyorum. evet başka işim yok. hanım bakiyor bisüredir bana
english please...
  • #72,911
  • Feb 20, 2014 2:17am Feb 20, 2014 2:17am
Quoting okanemici
{quote} Enteresan teknik Ne zamandır trade yapıyorsunuz, işiniz bu mu ?
peki siz? institutional mi turkiyede yoksa evden mi?
ben buaraya yeni uyeyim ama bu threadi takip ediyordum bisuredir. daha once yazdiklarini gormustum nick den şüphelenmiştim, profilde location olarak turkey diyordu onceden o yuzden bisuredir Türk oldugunu biliyordum o yuzden turkçe cevap verdim. dedigim gibi bir süredir takip ediyorum bu threadi ve aud usd pair ini de ve belli ki para kazaniyordun. çogunluk burda trendin tersine tahmin yapiyor. bazen bu forum'u contrarian indicator olarak kullanıyorum. ya da emin degilsem acip bakiyorum burdakiler ne diyorsa tersidir kesin diyorum : ) ben de acemiyim gerçi ama bu işi severek yapiyorum
  • #72,912
  • Feb 20, 2014 2:19am Feb 20, 2014 2:19am
Quoting zoolc
{quote} english please...
You are right dude. Sorry about that. I will take the conversation to private. Thanks for your understanding.
  • #72,913
  • Feb 20, 2014 2:28am Feb 20, 2014 2:28am
Quoting Sacred Cut
{quote} peki siz? institutional mi turkiyede yoksa evden mi? ben buaraya yeni uyeyim ama bu threadi takip ediyordum bisuredir. daha once yazdiklarini gormustum nick den şüphelenmiştim, profilde location olarak turkey diyordu onceden o yuzden bisuredir Türk oldugunu biliyordum o yuzden turkçe cevap verdim. dedigim gibi bir süredir takip ediyorum bu threadi ve aud usd pair ini de ve belli ki para kazaniyordun. çogunluk burda trendin tersine tahmin yapiyor. bazen bu forum'u contrarian indicator olarak kullanıyorum. ya da emin degilsem...
Evden, sürekli değil ara ara yapıyorum .Her zaman kazanılmıyor hem restoran işindeyim.Bu thread de çok dallama var dediğin gibi , bir de özellikle yanlış yöne gönderen paralı askerler var butun threadlerde.O yuzden ne yaptıgını bilip o yone gitmek en iyisi.Severek yapmak bi yana kazanamayınca da kafayı yedirtir adama, intihara sürükler.Çok duydum.Geçen safın biri şirketin 500.000 dolarını yatırmış turkiyede, para gitti herif bitti ! Sistem tartışmak istersen özelden yazışabiliriz dediğin gibi.
  • #72,914
  • Feb 20, 2014 2:42am Feb 20, 2014 2:42am
Looks like AUD and NZD have lost beairsh momentum in the past hour? Strange given how bad the China data was
Twitter: @TrendersGame
  • #72,915
  • Feb 20, 2014 2:49am Feb 20, 2014 2:49am
AUD still bearish to me.
  • #72,916
  • Feb 20, 2014 2:57am Feb 20, 2014 2:57am
Quoting zew
AUD still bearish to me.
You will think the opposite over 0.9015 !
  • #72,917
  • Feb 20, 2014 2:59am Feb 20, 2014 2:59am
Quoting Paulenok
Negative China data has the potential to grab Aussie down to 0.894 And if positive, to test 0.907 again
http://charts.mql5.com/3/946/audusd-...poration-2.png

Quite as expected.
London again seems reluctant to push this pair lower. To me this looks the same scenario in disguise as when employment numbers were released, they came out negative and dumped, but then Europe and US took it to the new heights
  • #72,918
  • Feb 20, 2014 3:09am Feb 20, 2014 3:09am
Quoting Paulenok
{quote} {image} Quite as expected. London again seems reluctant to push this pair lower. To me this looks the same scenario in disguise as when employment numbers were released, they came out negative and dumped, but then Europe and US took it to the new heights
If AUD could go back 0.90 above again, it probably would go straight to 0.92-0.93 before retrace to 0.85 area.
  • #72,919
  • Feb 20, 2014 3:29am Feb 20, 2014 3:29am
Quoting Paulenok
{quote} {image} Quite as expected. London again seems reluctant to push this pair lower. To me this looks the same scenario in disguise as when employment numbers were released, they came out negative and dumped, but then Europe and US took it to the new heights
I saw the same thing too, last drop was nothing but a pinocchio.Still need to see above 0.9015 to make sure.
  • #72,920
  • Feb 20, 2014 3:38am Feb 20, 2014 3:38am
Quoting Citiboy
Looks like AUD and NZD have lost beairsh momentum in the past hour? Strange given how bad the China data was
Don't worry it's just a normal retracement......Check the charts I posted a couple of days ago...
http://www.forexfactory.com/showthre...70#post7288170
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