EUR/AUD | Page 64 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/AUD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

Ranging pairs? EUR/CHF, EUR/GBP, AUD/CAD? 0 replies

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: EUR/AUD
Exit Attachments

EUR/AUD

  • #1,261
  • Apr 12, 2014 3:58am Apr 12, 2014 3:58am
below is high res 3week audchf chart, with areas of interest highlighted with yellow circles.
we are definately going higher, maybe even above 8500.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
  • #1,262
  • Apr 12, 2014 4:01am Apr 12, 2014 4:01am
Don I actually have to say thank you for your request, since AUDCHF has inverse correlation with EUR AUD, which means that if ACHF goes up, EUAU will go down. Ultimately, that's what's going on now.
  • #1,263
  • Apr 12, 2014 4:05am Apr 12, 2014 4:05am
Quoting ruffryders
Don I actually have to say thank you for your request, since AUDCHF has inverse correlation with EUR AUD, which means that if ACHF goes up, EUAU will go down. Ultimately, that's what's going on now.
finally, to answer your question, we have to review GBP JPY charts. Do you think it will go up or down? I think with clear triple top on weekly charts, GBP JPY will go to 164 soon. This in turn will result in AUDCHF trading higher.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB
  • #1,264
  • Apr 12, 2014 4:39am Apr 12, 2014 4:39am
Quoting ruffryders
Don I actually have to say thank you for your request, since AUDCHF has inverse correlation with EUR AUD, which means that if ACHF goes up, EUAU will go down. Ultimately, that's what's going on now.

RR that was the reason for asking you but I did not realise that the GBP/JPY had an inverse effect as well.

So in future if I am analysing the AUD/CHF I should be looking at EUR/AUD and GBP/JPY at the same time is that correct ?
  • #1,265
  • Apr 12, 2014 4:53am Apr 12, 2014 4:53am
Quoting don555
{quote} rr that was the reason for asking you but i did not realise that the gbp/jpy had an inverse effect as well. So in future if i am analysing the aud/chf i should be looking at eur/aud and gbp/jpy at the same time is that correct ?
aud chf correlated to audnzd / cad chf / eur cad and inversly correlated to chf jpy / eur aud.

it's best to analyze all the above for positioning on aud chf.
  • #1,266
  • Apr 12, 2014 4:54am Apr 12, 2014 4:54am
eur aud pullback warning for next week: Attention traders.

eur aud can rally towards 4840-4880 next week. be careful with your short positions and trade accordingly.

REASON: AUD USD MET RESISTANCE @ YEAR PIVOT @ 9450 AND IS SOMEWHAT COMPLACENT TO MOVE. EUR USD LOOKS SET TO TAKE ON NEW HIGHS @ 4040 AND CAN HAVE A STRONG RALLY FROM 3800-3850 NEXT WEEK.
  • #1,267
  • Apr 12, 2014 7:07am Apr 12, 2014 7:07am
my updated review of weekly eur aud chart. Main direction: Down / bear move on now.

price can pullback to 4880 as indicated on the chart, however ultimately will reach 4400 level, since it's 2014
year pivot level.

recommended trades: If price pulls back to 4860-80 area, short sell sl 150 tp 4400.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
  • #1,268
  • Apr 14, 2014 1:29am Apr 14, 2014 1:29am
Guys, guick update on EU AU. Although there is still a chance for a pullback on EU AU before it resumes trading lower, EU opened up with gap down, and AU is supported by strong gold prices (above 1320).

So if yous still short EU AU keep the trade ON.

Here is weekly round up on EU AU (the levels are not weekly pivots - besides Pivot). THE LEVELS WILL BE ACTIVE THIS WEEK.


1.4880 ULTIMATE RESISTANCE - SAFE TO SHORT SELL
1.4820 STRONG RESISTANCE - SHORT SELL

1.4760 WEEK PIVOT

1.4680 - TP1
1.4620 - TP2
1.4570 - TP3
1.4520 - TP4
  • #1,269
  • Apr 14, 2014 7:50am Apr 14, 2014 7:50am
final revised tp on eu au shorts is 1.4300 by 5-10th may 2014.
  • #1,270
  • Apr 14, 2014 8:17am Apr 14, 2014 8:17am
Quoting ruffryders
final revised tp on eu au shorts is 1.4300 by 5-10th may 2014.
good analysis + enjoy reading ruff.
pls. continue to post.

so you are holding E/A short for 3 to 4 weeks?

i have her short today based on PA on h4
hope she will reach 1.452
http://www.forexfactory.com/showthre...78#post7404378

cheers
  • #1,271
  • Apr 14, 2014 8:57am Apr 14, 2014 8:57am
Quoting tlpfx14
{quote} good analysis + enjoy reading ruff. pls. continue to post. so you are holding E/A short for 3 to 4 weeks? i have her short today based on PA on h4 hope she will reach 1.452 http://www.forexfactory.com/showthre...78#post7404378 cheers
I have 35 mln worth of shorts on EURAUD. Holding period - 2-4 weeks now.
  • #1,272
  • Apr 14, 2014 9:00am Apr 14, 2014 9:00am
Quoting tlpfx14
{quote} good analysis + enjoy reading ruff. pls. continue to post. so you are holding E/A short for 3 to 4 weeks? i have her short today based on PA on h4 hope she will reach 1.452 http://www.forexfactory.com/showthre...78#post7404378 cheers
yes, strong AU will continue, due to a number of reasons. Shorters will have to pay interest also for holding their short positions, that's why AU short trade is not exactly popular ATM. EU will probably be range bound now for some time, however we have to carefully watch EU price action - this is important.
  • #1,273
  • Apr 14, 2014 9:20am Apr 14, 2014 9:20am
Quoting ruffryders
{quote} yes, strong AU will continue, due to a number of reasons. Shorters will have to pay interest also for holding their short positions, that's why AU short trade is not exactly popular ATM. EU will probably be range bound now for some time, however we have to carefully watch EU price action - this is important.
if there's further escalation of RUS/UKR conflicat, I see TP getting reached within 10 days. This will result in EU meltdown and AU will go higher yet, due to spike in gold prices.
  • #1,274
  • Apr 14, 2014 9:23am Apr 14, 2014 9:23am
good review of what's up on gold today. http://www.kitco.com/news/2014-04-14...-Tensions.html
  • #1,275
  • Apr 14, 2014 9:23am Apr 14, 2014 9:23am
Quoting ruffryders
{quote} yes, strong AU will continue, due to a number of reasons. Shorters will have to pay interest also for holding their short positions, that's why AU short trade is not exactly popular ATM. EU will probably be range bound now for some time, however we have to carefully watch EU price action - this is important.
OK, mate

Quoting ruffryders
{quote} I have 35 mln worth of shorts on EURAUD. Holding period - 2-4 weeks now.
Wow!
I am pleasure to meet a prof. trader!
I think a lot to learn from your posts!
Thanks for your time.
  • #1,276
  • Apr 14, 2014 9:25am Apr 14, 2014 9:25am
Quoting ruffryders
good review of what's up on gold today. http://www.kitco.com/news/2014-04-14...-Tensions.html
if yous serious about trading AUs / EUAUs, you have to get this bookmarked.
Attached Image
  • #1,277
  • Apr 14, 2014 9:26am Apr 14, 2014 9:26am
Quoting tlpfx14
{quote} OK, mate {quote} Wow! I am pleasure to meet a prof. trader! I think a lot to learn from your posts! Thanks for your time.
short since 4850
  • #1,278
  • Apr 14, 2014 9:30am Apr 14, 2014 9:30am
Quoting tlpfx14
{quote} OK, mate {quote} Wow! I am pleasure to meet a prof. trader! I think a lot to learn from your posts! Thanks for your time.
just trade what you see on your charts and use my levels as well for direction. The general direction on EU AU is down. Next support is @ 4500 now.
  • #1,279
  • Apr 14, 2014 9:40am Apr 14, 2014 9:40am
eur usd is the tough nut to decipher with recent range compression on daily (70 to 60 to 50 and sometimes even 40 points / day),
it's building up for a break out. Which way is that going to go? The trend is upwards, however there are signs of weaker price action lately + the fundumentals in eu deteriorating / usd gaining traction.

i think eur usd direction will be decided this week. The trigger to set off short selling could be escalation of rus/ukr situation. Let's wait and see.

i don't see a valid stratregy on eur usd, aside from straddling it. Below 3600-3640 short selling for tp @ 3300-3400. Above 3950-75 area, long tp 4200.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #1,280
  • Apr 14, 2014 9:41am Apr 14, 2014 9:41am
Quoting ruffryders
{quote} short since 4850
A beautiful entry on the low of pin on Apr 3
0 traders viewing now