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AUD/USD

  • #75,461
  • Mar 30, 2014 3:38pm Mar 30, 2014 3:38pm
food for thought, still in a downwards trend on the higher timeframes..

maybe some decent sell entries to come

http://i.imgur.com/3Bksbd6.jpg
Do what's right for you
  • #75,462
  • Mar 30, 2014 3:39pm Mar 30, 2014 3:39pm
Quoting momochi
food for thought, still in a downwards trend on the higher timeframes.. maybe some decent sell entries to come {image}
my thoughts exactly here and until usd becomes weaker than aud as a whole this will stay on lower side under parity.
All posts are my personal opinion
  • #75,463
  • Mar 30, 2014 8:00pm Mar 30, 2014 8:00pm
Whiplash action to start the week. The books are not yet closed for the quarter.
  • #75,464
  • Mar 30, 2014 8:03pm Mar 30, 2014 8:03pm
Quoting 2+2=4ex
Whiplash action to start the week. The books are not yet closed for the quarter.
What does that mean? AUD will rise for the start of the week and to retrace downwards after the 1st?
The coincidental success is more dangerous than the expected failure
  • #75,465
  • Mar 30, 2014 9:12pm Mar 30, 2014 9:12pm
There's bound to be a correction at some point. Look to fundamentals and time accordingly.
  • #75,466
  • Mar 30, 2014 9:40pm Mar 30, 2014 9:40pm
Report from the NAB: Australian Markets Weekly
  • #75,467
  • Mar 30, 2014 9:43pm Mar 30, 2014 9:43pm
Inserted Video
not euphoria follower
  • #75,468
  • Mar 30, 2014 10:28pm Mar 30, 2014 10:28pm
Shake and bake time.
  • #75,469
  • Mar 30, 2014 10:44pm Mar 30, 2014 10:44pm
Would be very important to look at other sectors in this economy to make up for the expected and prolonged shortfall in mining investment and commodity export revenues.

This situation with CNY depreciating against the USD leaving the AUD heavily exposed to over appreciation and high interest rates is NOT a good recipe for this economy.

The direction of these variables remind me of Mexico during the early 80's. Where Mexico had little demand for exports abroad, high world interest rates and over appreciated currency plunged them into a recession. Obviously not that serious in the AUD case but certainly not good for them either.
The coincidental success is more dangerous than the expected failure
  • #75,470
  • Mar 30, 2014 10:49pm Mar 30, 2014 10:49pm
Looks like indecision to me with a broadening wedge on the 15 minute chart. I'm thinking a head-fake short followed by unfinished business at .93
FF journal: Peaks and Troffs
  • #75,471
  • Mar 30, 2014 11:12pm Mar 30, 2014 11:12pm
Quoting iqyu5an
http://www.youtube.com/watch?v=9jK-NcRmVcw&feature=kp
Don't glorify it. This is what's really happenin' round here.

Inserted Video
  • #75,472
  • Mar 30, 2014 11:40pm Mar 30, 2014 11:40pm
Quoting bogus
Looks like indecision to me with a broadening wedge on the 15 minute chart. I'm thinking a head-fake short followed by unfinished business at .93
Its breaking down. For me it try to go under 92xx, before europe session.
Don't blame the tools. Blame the carpenter.
  • #75,473
  • Mar 30, 2014 11:45pm Mar 30, 2014 11:45pm
Quoting bogus
Looks like indecision to me with a broadening wedge on the 15 minute chart. I'm thinking a head-fake short followed by unfinished business at .93
Very well could be some more shaking before the bull baking. If the bears get baked before the bulls at .93, then unfinished business at .75 gets taken care of.
  • #75,474
  • Mar 30, 2014 11:46pm Mar 30, 2014 11:46pm
wow .75?!?

Why so low?
The coincidental success is more dangerous than the expected failure
  • #75,475
  • Mar 30, 2014 11:48pm Mar 30, 2014 11:48pm
Quoting KecoaKecil
{quote} Its breaking down. For me it try to go under 92xx, before europe session.
I took the short at .9230, and long EA at 1.4897, into 1.49
Breakout trades, it was a signal but I'm not overly confident because of the time of day. I'll trail aggressively. I'm looking at 1.50 for a retest on EA, but ultimately 1.45 as big support.
FF journal: Peaks and Troffs
  • #75,476
  • Mar 30, 2014 11:52pm Mar 30, 2014 11:52pm
TP for my last lot is .9150 so as not to be greedy with .9133 as next major support.
FF journal: Peaks and Troffs
  • #75,477
  • Mar 30, 2014 11:54pm Mar 30, 2014 11:54pm
Quoting Neqrotik
wow .75?!? Why so low?
That's what I see on the weekly chart. It's longer term though. My guess is by end of 2015, the latest.
  • #75,478
  • Mar 30, 2014 11:56pm Mar 30, 2014 11:56pm
Quoting 2+2=4ex
{quote} That's what I see on the weekly chart. It's longer term though. My guess is by end of 2015, the latest.
This is from a technical standpoint. From a fundamental standpoint I think the US dollar has started a strengthening cycle. I see no indications from the Fed or Janet Yellen that they are going to get in the way either.
  • #75,479
  • Mar 30, 2014 11:57pm Mar 30, 2014 11:57pm
Quoting 2+2=4ex
{quote} That's what I see on the weekly chart. It's longer term though. My guess is by end of 2015, the latest.

I was just thinking about that while running a quick errand. I guess a fundamental underpinning is a trading band correspondent with a lower growth rate in China. Its becoming more accepted that (at least on the Chinese side) they are prepared to accept a level of survival that comes with a more sustainable 7-8% growth rate rather than pump heroine into their economy turning themselves into an artificial 10% growth junky.
The coincidental success is more dangerous than the expected failure
  • #75,480
  • Mar 31, 2014 12:00am Mar 31, 2014 12:00am
Quoting 2+2=4ex
{quote} Very well could be some more shaking before the bull baking. If the bears get baked before the bulls at .93, then unfinished business at .75 gets taken care of.
Too long term for me.
FF journal: Peaks and Troffs
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