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AUD/USD

  • #77,041
  • May 4, 2014 6:54am May 4, 2014 6:54am
Quoting whackdiddy
{quote} Jolly that would certainly put another spin on the market. Found this while digging as well. http://finance.yahoo.com/news/11-ugl...180225780.html Also noticed there is a bit of movement to physical assets on the share market scene. A known safe haven for large investors, see image below, most of the top movers AUD only in the image have been towards the mining sector / or metals and pharma. {image}
Hi whackdiddy, could you please send me a link in order to use this data online.
Thank you
  • #77,042
  • May 4, 2014 7:24am May 4, 2014 7:24am
Yes , it's a dragon fly doji for sure , but the question is: is it a bullish dragon fly doji or a bearish one ?
well if we consider it in a downtrend from the last 19 day candle will it be a bullish ?
but if the daily longer uptrend which act as a resistance , then the conformation of any kind of doji's on the trend is a sign of breakdown ?
will a gap occur tomorrow ?

beside all of that we have two tough days for Aussie on Monday we have the building approvals with +ve 6% expectations & HSBC Final Manufacturing PMI for Yuan , and on the next day the 2.5% Interest rate announcement plus minus 0.5% .

to be more simple , personally i'm long with just 0.004 K unless a close of a candle day beneath the long daily uptrend by 40 pips or more .
????
  • #77,043
  • May 4, 2014 11:52am May 4, 2014 11:52am
Look for a stern rejection of the 0.93-level this week right from the outset. Watch for a small gap up with slight opening strength.
Sell 0.93 hard.

  • #77,044
  • May 4, 2014 6:36pm May 4, 2014 6:36pm
Quoting Tiggrrr
The daily has closed with a shooting star....AUD/USD is bullish all of next week. {image}
exactly

I will start selling from 0.9550-0.9600
All human being are Children of GOD - Thanking GOD for everything.
  • #77,045
  • May 4, 2014 7:12pm May 4, 2014 7:12pm
Just another point of view.

I have become bearish on this pair since the large bearish bar on the 23rd april daily chart,which has put the price action back into a zone where it had been traveling between 92 and 93 odd cents prior to breaking to the .9463 area.

I now think that since the price has flipped back down that .9320 to .9350 will become strong resistance as the pair did show some strong bearish signs above those areas while up ate the .9463 price.

I think a big clue lays in the monthly chart showing a not so perfect doji, but it is the location of where it has occurred and the bearish patterns from the daily prior to the doji on close of Fridays daily chart which had been formed from NFP action and probably a bit of closing out for the week end.
I think that the price will head down to the next range area in the .92 area then will look for more clues for it to run down to the .89 .90 mark which would make the daily doji a continuation of the bearish action.

Good example of how charts can become conflicting to each other so be careful might be other charts easy to make firm decisions on.
  • #77,046
  • May 4, 2014 7:42pm May 4, 2014 7:42pm
Without big news, I don't believe AUD can reach 0.95. the move from 0.91- 0.946 is based on rumor about non-existing china stimulus plan, but it has been ruled out officially by gov. Meanwhile, AU gov wants aud lower and is not happy with RBA recent statement.
  • #77,047
  • May 4, 2014 8:36pm May 4, 2014 8:36pm
20 pips sharp drop and it got covered up in few miins, bulls in total control.
All human being are Children of GOD - Thanking GOD for everything.
  • #77,048
  • May 4, 2014 8:38pm May 4, 2014 8:38pm
waiting cny news for confirmation
  • #77,049
  • May 4, 2014 8:42pm May 4, 2014 8:42pm
Quoting HedgeManager
20 pips sharp drop and it got covered up in few miins, bulls in total control.
Which makes no sense... In AUS, building and construction forms a HUGE part of GDP. If China reports more contraction, then this AUD has to be one of the most overvalued currencies around?

Just a thought.
Follow me at andrewfx2020 (dot) com
  • #77,050
  • May 4, 2014 8:49pm May 4, 2014 8:49pm
Building approvals DOWN, China manufacturing DOWN, could mean some bad new from the US is about to come out (explains why no one is paying attention)? or as others have said, there are just way too many Bulls around?

China is the life blood of Australia, when China goes down, then whole economy suffers.

Just another thought
Follow me at andrewfx2020 (dot) com
  • #77,051
  • May 4, 2014 8:49pm May 4, 2014 8:49pm
Quoting AussieForexM
{quote} Which makes no sense... In AUS, building and construction forms a HUGE part of GDP. If China reports more contraction, then this AUD has to be one of the most overvalued currencies around? Just a thought.

Wait for the move to start....then follow....stop thinking.......Aussie is not that hard to trade......don't over think it.

Cheers,


Faller.
I don't trust any move - when you have profit...take it.
  • #77,052
  • May 4, 2014 8:52pm May 4, 2014 8:52pm
Hi Guys,

Today's analysis:

AU trying to base on uptrend, retracement at .9270/75, swing buy with TP1 .9310/15, TP2 .9325/30, TP3 .9380/85, If breakout retracement level, sell with TP1 .9205/10, TP2 .9170/75, TP3 .9145/50.

See pic
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 166 KB
  • #77,053
  • May 4, 2014 9:11pm May 4, 2014 9:11pm
Short. I am expecting a continuation of a break to the downside from this Head and Shoulders top.
The coincidental success is more dangerous than the expected failure
  • #77,054
  • May 5, 2014 4:04am May 5, 2014 4:04am
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-5-may-14.png Size: 36 KB
CPAS-FX Chief Analyst
  • #77,055
  • May 5, 2014 4:43am May 5, 2014 4:43am
Quoting Zircon
{quote} Good, Agree on the level for the upside. The daily printed a bullish hammer (butterfly) candlesticks traders says the price gonna fly when they see this pattern, 9426 temporarily top could be tested as well. Trade safe. {image}
What Your Timeframe View Bro ?
Making Ordinary To Be Extraordinary .
  • #77,056
  • May 5, 2014 8:10am May 5, 2014 8:10am
Quoting Alonedevils
{quote} What Your Timeframe View Bro ?
This was D1
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,057
  • May 5, 2014 8:13am May 5, 2014 8:13am
Quoting Barca
Hi Guys, Today's analysis: AU trying to base on uptrend, retracement at .9270/75, swing buy with TP1 .9310/15, TP2 .9325/30, TP3 .9380/85, If breakout retracement level, sell with TP1 .9205/10, TP2 .9170/75, TP3 .9145/50. See pic{image}
Hi, Somewhere I read Head and Shoulder pattern in a downtrend has no meaning. No offence intended, just IMHO.
  • #77,058
  • May 5, 2014 9:35am May 5, 2014 9:35am
any given patterns are usually worthless. break outs are little more reliable if you have to have a reason to pull the trigger.
As Above, So Below
  • #77,059
  • May 5, 2014 9:40am May 5, 2014 9:40am
Odds of a rate rise... fifty percent.

Gee, that was helpful wasn't it.
  • #77,060
  • May 5, 2014 4:23pm May 5, 2014 4:23pm
Quoting TheTopBloke
Odds of a rate rise... fifty percent. Gee, that was helpful wasn't it.
is there any indication to increase on interest rate?
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