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AUD/USD

  • #76,561
  • Apr 16, 2014 10:23am Apr 16, 2014 10:23am
I believe the Aud will keep going up, the question is when. In the near term its hard to predict where it will go, is it do for a correction or will it continue rising?
One thing for sure is the Aud is backed by the only country with any real growth aka China. Even with China's so called slow down they are still experiencing GDP of 7.4% !!!!!! Can you imagine if The US posted a GDP figure like that? I strongly believe in the long term the Aud is the way to go and if you can survive any pull backs holding ones longs will be well worth it in the future.
  • #76,562
  • Apr 16, 2014 10:25am Apr 16, 2014 10:25am
Quoting TheTopBloke
{quote} You mean one with a blowhard on one side, and a pretty picture on the other side?
No one with two heads or two tails.......how could you lose then!?
  • #76,563
  • Apr 16, 2014 10:28am Apr 16, 2014 10:28am
Quoting Nocturnes
{quote} Everyone says its going down, my chars is telling me its going down...but i still have my long.
The masses are the asses.
  • #76,564
  • Apr 16, 2014 10:37am Apr 16, 2014 10:37am
Quoting mrluckystar
{quote} Road block at 0.9383...
If pass this level, 0.9425 will be tested again for 3rd time.....
Peace Yo!
  • #76,565
  • Apr 16, 2014 10:37am Apr 16, 2014 10:37am
Wow .. Bullish For Aussie ..
Making Ordinary To Be Extraordinary .
  • #76,566
  • Apr 16, 2014 10:39am Apr 16, 2014 10:39am
Quoting Harlen
{quote} Hi Chanlie.. Here's my chart AU out from bulls channel and started go south.. IMO I'll add more short from now.. I put TP in 38.2%... Hopefully Bears will appear, so i can gain my profit Do you short AU now?? I always Love your Analysis Dear.. Regards HARLEN HARISON {image}
I don't open position on AU for now..
Waiting for a good signal to entry..
Thanks, Harlen..
Good Luck
Forex as Leverage
  • #76,567
  • Apr 16, 2014 10:48am Apr 16, 2014 10:48am
Gold/silver down
Copper down
Iron ore down
Dairy prices down
Chinese growth at multi-decade lows
RBA continually mentioning 'overvalued' currency
No interest rate rises anywhere in the foreseeable future

I think the AUD is defying gravity at these levels.

Will look to short it soon.
  • #76,568
  • Apr 16, 2014 10:49am Apr 16, 2014 10:49am
Quoting Alonedevils
Wow .. Bullish For Aussie ..
Hi Alonedevils
We're in diffrent Camp
can you share your view to me??
Just Curious
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #76,569
  • Apr 16, 2014 10:54am Apr 16, 2014 10:54am
Quoting pbtec
Gold/silver down Copper down Iron ore down Dairy prices down Chinese growth at multi-decade lows RBA continually mentioning 'overvalued' currency No interest rate rises anywhere in the foreseeable future I think the AUD is defying gravity at these levels. Will look to short it soon.
My Opinions Aussie Just Hinging On China ..
Right ?
Making Ordinary To Be Extraordinary .
  • #76,570
  • Apr 16, 2014 10:57am Apr 16, 2014 10:57am
Quoting Harlen
{quote} Hi Alonedevils We're in diffrent Camp can you share your view to me?? Just Curious
Im Sorry My Friend
But You Can See My Opinions and Views About Aussie At Previous Post ..
Making Ordinary To Be Extraordinary .
  • #76,571
  • Apr 16, 2014 10:57am Apr 16, 2014 10:57am
Quoting Chanlie
{quote} I don't open position on AU for now.. Waiting for a good signal to entry.. Thanks, Harlen.. Good Luck
Although I feel the Aud will keep going up I just closed my long at .9410 and .9353 (.9382) for a very small profit fearing a short term pull back could have taken out my stops at .9320 but I will be looking to buy again around .9300 and watching price action there if it should pull back to there.
  • #76,572
  • Apr 16, 2014 11:00am Apr 16, 2014 11:00am
Quoting Alonedevils
{quote} Im Sorry My Friend But You Can See My Opinions and Views About Aussie At Previous Post ..
Hmmm, do you cut loss your short??
I'm sorry for asking that my friend
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #76,573
  • Apr 16, 2014 11:05am Apr 16, 2014 11:05am
Quoting irongoose
{quote} Although I feel the Aud will keep going up I just closed my long at .9410 and .9353 (.9382) for a very small profit fearing a short term pull back could have taken out my stops at .9320 but I will be looking to buy again around .9300 and watching price action there if it should pull back to there.
Hi Irongoose
Why don't move your stop to zero..??
That can protect your profit while AU Heading Up..
Good Luck for your trade
Forex as Leverage
  • #76,574
  • Apr 16, 2014 11:12am Apr 16, 2014 11:12am
62% of FF traders are short. FXCM SSI shows short bias as well. Those are great reasons to be long!

Regards,
  • #76,575
  • Apr 16, 2014 11:13am Apr 16, 2014 11:13am
Quoting Chanlie
{quote} Hi Irongoose Why don't move your stop to zero..?? That can protect your profit while AU Heading Up.. Good Luck for your trade
I was behind on the long from .9410 and had I only had a long from .9353 I would have done something like that and let it ride without the risk of any losses.
  • #76,576
  • Apr 16, 2014 11:21am Apr 16, 2014 11:21am
Quoting FX-Petra
62% of FF traders are short. FXCM SSI shows short bias as well. Those are great reasons to be long! Regards,
Hi Fx-Petra
That's not enough for going Long..
The reason for entry market is your chart
If your chart say long, then you can go long, if your chart say Short, Then Short
AU will Flying up after retrace to 38.2%Fibo
AU have two Leg To Jump
Here's my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: imo au.png Size: 45 KB
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #76,577
  • Apr 16, 2014 11:22am Apr 16, 2014 11:22am
AUDUSD does look strong, but I would think it will see a small pullback .9350/60.

But if it breaks through here, should see .9425
When the facts change I change my mind, what do you do sir
  • #76,578
  • Apr 16, 2014 11:24am Apr 16, 2014 11:24am
Quoting FX-Petra
62% of FF traders are short. FXCM SSI shows short bias as well. Those are great reasons to be long! Regards,
I'd like to see some manipulation to the downside first before entering anymore longs, if we don't get any and it just runs north O-well there will be other opportunities another day. But I do agree with your analysis.
  • #76,579
  • Apr 16, 2014 11:28am Apr 16, 2014 11:28am
It is a sign of how far the economy has come that a return to full employment is, for the first time since the crisis, in the medium-term outlooks of many forecasters. It is a reminder of how far we have to go, however, that this long-awaited outcome is projected to be more than two years away
  • #76,580
  • Apr 16, 2014 11:33am Apr 16, 2014 11:33am
Inflation, as measured by the price index for personal consumption expenditures, has slowed from an annual rate of about 2-1/2 percent in early 2012 to less than 1 percent in February of this year.1 This rate is well below the Committee's 2 percent longer-run objective. Many advanced economies are observing a similar softness in inflation.
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