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AUD/USD

  • #74,261
  • Mar 12, 2014 4:34pm Mar 12, 2014 4:34pm
Quoting Mounty126
Can anyone comment on how they feel will the nzd rate announcement will effect the aud/usd?
it gives clear indication that the Aussie economy is faltering. The NZD has always been the little brother to the Aussie, economy wise and interest rate wise. At this point it is clear that the NZD economy is recovering better than the Aussie. Expect more downside risk for the Aud/Usd, and further gains in the Nzd/Usd. Expect substantial further declines in the Aud/Nzd. Parity is at least a given here. There is no signs yet for an Aussie bottom.
Trade what you see, not what you think!
  • #74,262
  • Mar 12, 2014 4:46pm Mar 12, 2014 4:46pm
Quoting fxtyrant
{quote} Too bad MT4 doesnt have 8H charts, would've given me opportunity for 8 hours windows to sleep at night. my strategy is applied to H4 and it means i have to check the charts every 4 hours, that includes me waking up in the middle of the night, to check for signals to enter or exit trades. quite detrimental to my health, especially when i have to deal with university studies as well... but i guess i'll just have to suck it up as im young.... but these are the times of which signals comes in. 02:00 , 06:00. 10:00, 14:00, 18:00, 22:00 all in...
Here you go. I created a tutorial for setting up 8 hour charts on metatrader 4, http://www.forexfactory.com/showthread.php?t=475002
  • #74,263
  • Mar 12, 2014 5:32pm Mar 12, 2014 5:32pm
If you are mid to long term shorting the USD not a good idea as much as shorting the EUR is.
The coincidental success is more dangerous than the expected failure
  • #74,264
  • Mar 12, 2014 6:20pm Mar 12, 2014 6:20pm
There's a fight going on! AUDUSD Broke down but popped back up (ist screenshot), this stresses the importance to let the candle complete and close before entering trade. Let's see what the Aussie news brings this morning. Good news for AUD will rise upto 0.9100 at least i reckon. Negative news for AUD may see this bottom trend broke, however the resistance around .8950 is proving to be very strong!
New Bottom Trend line on Daily chart has three touching points... (2nd Screenshot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 7 KB
Click to Enlarge Name: Screenshot2.png Size: 3 KB
  • #74,265
  • Mar 12, 2014 6:28pm Mar 12, 2014 6:28pm
zoom back up 100 points off the low. nobody expected that right?
Twitter: @TrendersGame
  • #74,266
  • Mar 12, 2014 6:35pm Mar 12, 2014 6:35pm
Woo Did you guys know that Australia Bureau of Statistics (the bureau that releases the employment data) is hiring Statiscians?

hint hint...
Make your losses in demo. Earn your profits live.
  • #74,267
  • Mar 12, 2014 6:40pm Mar 12, 2014 6:40pm
Quoting JCL's-Forex
{quote} Here you go. I created a tutorial for setting up 8 hour charts on metatrader 4, http://www.forexfactory.com/showthread.php?t=475002
That is awesome!
There are those who know, and there are those who don't know.
  • #74,268
  • Mar 12, 2014 6:40pm Mar 12, 2014 6:40pm
Quoting Forexia
Woo Did you guys know that Australia Bureau of Statistics (the bureau that releases the employment data) is hiring Statiscians? hint hint...
Lol are you applying is that what your saying?
There are those who know, and there are those who don't know.
  • #74,269
  • Mar 12, 2014 6:55pm Mar 12, 2014 6:55pm
Quoting Citiboy
zoom back up 100 points off the low. nobody expected that right?
the USD also a dog not far behind relative strength wise behind Aussie.
Trade what you see, not what you think!
  • #74,270
  • Mar 12, 2014 6:56pm Mar 12, 2014 6:56pm
Aud/Cad Long is the only pair I can suggest if you really want to long the Aussie in some way.
Trade what you see, not what you think!
  • #74,271
  • Mar 12, 2014 6:59pm Mar 12, 2014 6:59pm
Quoting OMGtrader
Aud/Cad Long is the only pair I can suggest if you really want to long the Aussie in some way.
Sounds like a smart play to me!
All posts are my personal opinion
  • #74,272
  • Mar 12, 2014 7:04pm Mar 12, 2014 7:04pm
Quoting palabara
{quote} Lol are you applying is that what your saying?
LOL I wish. I don't think they would trust a Canadian. LOL. Are you taking a position for the employment data, gutsy guy with all the glory? LOL
Make your losses in demo. Earn your profits live.
  • #74,273
  • Mar 12, 2014 7:10pm Mar 12, 2014 7:10pm
Stopped out of this at 0.9010 , shorts getting squeezed. No follow through lower. Im sure they'd love to blast it up above 0.9050 after employment just to burn anyone left.
Twitter: @TrendersGame
  • #74,274
  • Mar 12, 2014 7:10pm Mar 12, 2014 7:10pm
Quoting Forexia
{quote} LOL I wish. I don't think they would trust a Canadian. LOL. Are you taking a position for the employment data, gutsy guy with all the glory? LOL
Lol, I don't think they'll trust a Russian! Probably think, I'm in league with Putin! Coming to invade their Employment Data.
There are those who know, and there are those who don't know.
  • #74,275
  • Mar 12, 2014 7:11pm Mar 12, 2014 7:11pm
Quoting Citiboy
Stopped out of this at 0.9010 , shorts getting squeezed. No follow through lower. Im sure they'd love to blast it up above 0.9050 after employment just to burn anyone left.
That's if employment is good or bad?
There are those who know, and there are those who don't know.
  • #74,276
  • Mar 12, 2014 7:16pm Mar 12, 2014 7:16pm
Okay so here is my theory lol and its just a theory.. I devised.

Maybe very wrong or a bit right.

China has like really bad data and we know that AUD is in league with China -- So before all this data I'm sure that AUD must have felt some of the presence of lack of demand from their neighbors which could have kept employment SOFTER.

Just a theory.. but in rational thinking terms.. If you know that Demand for your business is not booming, you will wait to hire.. Maybe just an idea.

SO maybe reports won't be AS expected and just lower? MAYBE who knows. I'm just throwing theories out like candy!
There are those who know, and there are those who don't know.
  • #74,277
  • Mar 12, 2014 7:18pm Mar 12, 2014 7:18pm
my short is sinking very quickly
  • #74,278
  • Mar 12, 2014 7:19pm Mar 12, 2014 7:19pm
bad number whole the week and good employemend?? i don't think so
  • #74,279
  • Mar 12, 2014 7:20pm Mar 12, 2014 7:20pm
Quoting Citiboy
zoom back up 100 points off the low. nobody expected that right?
Yep I did, My long order was triggered at 8940 as per my post on page 3709. now to move SL to BE and wait for news...
Enter Signature
  • #74,280
  • Mar 12, 2014 7:25pm Mar 12, 2014 7:25pm
just one last note on the last 2 months worth of forecasts.


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