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AUD/USD

  • #75,801
  • Apr 4, 2014 8:15am Apr 4, 2014 8:15am
Dear All,
I am getting confuse now. Will AUD cross .9300 and visit upper side or not? If yes, up to what extent?
I am stuck up in two shorts .9138 & .9224
Kindly share your views.
Regards.
  • #75,802
  • Apr 4, 2014 8:21am Apr 4, 2014 8:21am
Quoting azfarjaved
Dear All, I am getting confuse now. Will AUD cross .9300 and visit upper side or not? If yes, up to what extent? I am stuck up in two shorts .9138 & .9224 Kindly share your views. Regards.
Nobody can know for sure. As my view, i have sell limit @ 0.9301, my opinion based on astro trading, and yes we will see the peak @ 4 April 2014, so i would like to short, if this not hit 0.9301. Remember, nobody can know for sure, please look into other view, and the final decision must be yours.
Don't blame the tools. Blame the carpenter.
  • #75,803
  • Apr 4, 2014 8:25am Apr 4, 2014 8:25am
Quoting azfarjaved
Dear All, I am getting confuse now. Will AUD cross .9300 and visit upper side or not? If yes, up to what extent? I am stuck up in two shorts .9138 & .9224 Kindly share your views. Regards.
Well, If the jobless released beyond 6%, AUD will go back 0.9100 area. As long as RBA doesn't cut rate and doesn't change statement, even bad data is very difficult to beat AUD back to 0.87 level again. carry trade can hold aud at 0.90+ level. That's my personal opinion.
  • #75,804
  • Apr 4, 2014 8:27am Apr 4, 2014 8:27am
In my view and after my analysis the Aussie is not going to go short anytime soon. Momentum is with it, there is no divergence and it has just entered to a new cycle of current uptrend. 93 is a resistance level, but it is not going to hold it back for long.
  • #75,805
  • Apr 4, 2014 8:28am Apr 4, 2014 8:28am
I am living in Australia, I really don't think the economy is as good and strong as the currency . I am quite surprise that the AUDUSD rush up 0.929, getting shorted on this pair isn't really worth it with the rollover, the rollover rates are nice, so I am wondering if anyone recommends a AUDUSD long? Any technical analysis that I can rely on that support the Aussie at this level?
  • #75,806
  • Apr 4, 2014 8:51am Apr 4, 2014 8:51am
Quoting KecoaKecil
{quote} Nobody can know for sure. As my view, i have sell limit @ 0.9301, my opinion based on astro trading, and yes we will see the peak @ 4 April 2014, so i would like to short, if this not hit 0.9301. Remember, nobody can know for sure, please look into other view, and the final decision must be yours.

Not a bad shot, almost there. 92.900 was a good round number but.
Make sure that the light at the end of the tunnel is not an on coming train
  • #75,807
  • Apr 4, 2014 8:54am Apr 4, 2014 8:54am
Thanks to all of you, your views are helpful for me to managing my positions.
  • #75,808
  • Apr 4, 2014 8:57am Apr 4, 2014 8:57am
with the way this pair's acting atm, it could close marginally above 9300, but come to think abt it, nfp wasnt really bad.
  • #75,809
  • Apr 4, 2014 9:11am Apr 4, 2014 9:11am
Quoting thevolatile
I am living in Australia, I really don't think the economy is as good and strong as the currency . I am quite surprise that the AUDUSD rush up 0.929, getting shorted on this pair isn't really worth it with the rollover, the rollover rates are nice, so I am wondering if anyone recommends a AUDUSD long? Any technical analysis that I can rely on that support the Aussie at this level?
Market doesn't work like that pal, usually the market or currency will move up or show strength before the actual economy itself sees it. and just because it goes a couple hundred pips or so doesnt mean the whole economy is going around. Sometimes we just correct from bigger moves like devaluation to attract investors now investors are coming in. AUD was so cheap for so long and with the shit US dollar now today I have scaled out unfortunate as I thought similar things and shorted however market doesn't care.
All posts are my personal opinion
  • #75,810
  • Apr 4, 2014 9:14am Apr 4, 2014 9:14am
Quoting Rtm
{quote} Market doesn't work like that pal, usually the market or currency will move up or show strength before the actual economy itself sees it. and just because it goes a couple hundred pips or so doesnt mean the whole economy is going around. Sometimes we just correct from bigger moves like devaluation to attract investors now investors are coming in. AUD was so cheap for so long and with the shit US dollar now today I have scaled out unfortunate as I thought similar things and shorted however market doesn't care.
Yeap, I am beginning to learn about currency trading, this forum is an invaluable source of information. For now the only advantage of having a strong currency, at least inflation is in control. Have a great weekend all, seems AUDUSD going through 0.930 before the week is over.
  • #75,811
  • Apr 4, 2014 9:15am Apr 4, 2014 9:15am
Quoting KecoaKecil
{quote} Nobody can know for sure. As my view, i have sell limit @ 0.9301, my opinion based on astro trading, and yes we will see the peak @ 4 April 2014, so i would like to short, if this not hit 0.9301. Remember, nobody can know for sure, please look into other view, and the final decision must be yours.

Very good call .93011 was hit, very interesting.
Make sure that the light at the end of the tunnel is not an on coming train
  • #75,812
  • Apr 4, 2014 9:20am Apr 4, 2014 9:20am
Quoting bdebaere
{quote} I disagree. Prepare for new highs on this pair.
The market is supply and demand. Unless you are a day trader, you shouldn't concern yourself with other distractions (like economic news) too much.
  • #75,813
  • Apr 4, 2014 9:30am Apr 4, 2014 9:30am
Quoting Rtm
{quote} Market doesn't work like that pal, usually the market or currency will move up or show strength before the actual economy itself sees it. and just because it goes a couple hundred pips or so doesnt mean the whole economy is going around. Sometimes we just correct from bigger moves like devaluation to attract investors now investors are coming in. AUD was so cheap for so long and with the shit US dollar now today I have scaled out unfortunate as I thought similar things and shorted however market doesn't care.
Same, same, running with tail between legs. Took a big loss this week.
A genius is born every minute, me I am lucky if my socks match.
  • #75,814
  • Apr 4, 2014 9:38am Apr 4, 2014 9:38am
Quoting thevolatile
I am living in Australia, I really don't think the economy is as good and strong as the currency . I am quite surprise that the AUDUSD rush up 0.929, getting shorted on this pair isn't really worth it with the rollover, the rollover rates are nice, so I am wondering if anyone recommends a AUDUSD long? Any technical analysis that I can rely on that support the Aussie at this level?
The economy actually really bad and even worse in future.

Borrowing money from Japanese and bet on construction, that's really unbelievable. I think AUD/NZD have chance to get very close to parity.
  • #75,815
  • Apr 4, 2014 11:26am Apr 4, 2014 11:26am
Quoting Mark up
{quote} Very good call .93011 was hit, very interesting.
Still got it wrong, My planetary line was on 9301. From here, downslope, but i beware of 11-March-2014 looks like a second peak, then all downhill till june.
But this method still experimental, we have not recovered all the WD Gann work, not even half.
Don't blame the tools. Blame the carpenter.
  • #75,816
  • Apr 4, 2014 12:48pm Apr 4, 2014 12:48pm
Be interesting to see if .9280 area turns from resistence into support.
  • #75,817
  • Apr 4, 2014 1:11pm Apr 4, 2014 1:11pm
Quoting whackdiddy
{quote} Same, same, running with tail between legs. Took a big loss this week.
This one was a timing issue for me really, the market just moved all one direction on a massive scale and didnt come back, so yes a retrace of bigger correction may still be in the works but I have already waited much too long as there is no use sitting for periods of time with floating crap when can use it to make money with other possibly better trades.
All posts are my personal opinion
  • #75,818
  • Apr 4, 2014 1:49pm Apr 4, 2014 1:49pm
failure to close above 0.9300 will prove that this move was to wash and rinse all the stops and go back to down trend
  • #75,819
  • Apr 4, 2014 3:18pm Apr 4, 2014 3:18pm
reviewed my AU 4-6 weeks view in my thread. takeaway: if you are short you'll crap your pants soon.
this train poised for a strong runup.

http://www.forexfactory.com/showthre...94#post7385194
  • #75,820
  • Apr 4, 2014 3:23pm Apr 4, 2014 3:23pm
Quoting ruffryders
reviewed my AU 4-6 weeks view in my thread. takeaway: if you are short you'll crap your pants soon. this train poised for a strong runup. http://www.forexfactory.com/showthre...94#post7385194
I like that . Perhaps I could invest in a small long to gather the swaps.
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