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AUD/USD

Quoting zew
PBOC joined currency war! FED will postpone rate hiking to next year?
it looks very likely... a rate hike with such a strong dollar will be a mess for the american economy.
Buy at the Low, Sell at the High You make money by waiting not by trading.
Quoting zew
AUD will open high and will break .79
How do know if aud will open high and break .79? Can you explain it with picture? Also what TF do u used?
Quoting zew
AUD will open high and will break .79
AU closes 1.7808, the last PBOC cuts its one-year rate for deposits by 0.25 of a percentage point to 2.75 per cent and its one-year lending rate by 0.40 of a percentage point to 5.6 per cent, AU was trading 40 pips higher. This time it is

  1. 1-year deposit rate will be lowered by 25 bps to 2.5%
  2. 1-year lending rate will be reduced by 25 bps to 5.35%

and you expect 0.79? 20 pips or 0.7750 resistance maybe but how about the CNY manu. PMI(+/-) later and the RBA rates on wednesday which will have speculators pricing in​? no help from RBA for aud which will be dovish.
anyway, the last PBOC rates cuts AU was trading at 0.86/87 levels, but they are at 0.77 now, so any rates cut from PBOC is seen as temp rally for AU and I'm selling from any rally. GL to your 0.79 cos I'm hoping for that too.

https://private.tradingcentral.com/c...0227191415.GIF
There is a winner and a loser, nothing in between.
AUDUSD

Monthly is short with some ADX momentum

Weekly is in a short trend with greater ADX momentum

Daily is still in it's downward trend from Sept 2014, No ADX momentum at this time

H4 just came off 2 attempts at going higher, ADX is compressing for next large move.

H1 is Mixed to turning lower at week open..............
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: au h4 2_28.JPG Size: 395 KB
The More You Learn, The More You Earn.....
I am bearish too
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 124 KB
Find a trend and milk it for all it is worth. That's how to be profitable
current price is 0.7818 and going up. Market makers are thankful to all shorts.
There is a winner and a loser, nothing in between.
Quoting buytosell
current price is 0.7818 and going up. Market makers are thankful to all shorts.

It is alright for now. That does not change anything for me. However if 7900 is taken out that is a different matter...

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
AUD didn't go that high during opening, China isn't doing good which means less buying of iron ore from Australia. Also there is the possibility of a rate cut tomorrow.
Last rate cut the price was going up all day and the moment they did the cut, AUD dropped by about 150 pips. Should we expect approximately the same tomorrow?
Quoting Klemantina
Last rate cut the price was going up all day and the moment they did the cut, AUD dropped by about 150 pips. Should we expect approximately the same tomorrow?
Unlikely in my opinion. Rate cut tomorrow appears to be more priced in than last month. (whilst probability of a cut is similar per asx website for some reason FF last month wasn't expecting a cut whilst this month they are). Price action after Chinese data release last hour was very muted for positive data so certainly not expecting the upwards movement in the lead up that there was last month. If more priced in than expect some drop if we get a cut but well short of 150 pips.
Hope for the best, prepare for the worst.
Quoting dab
{quote} Unlikely in my opinion. Rate cut tomorrow appears to be more priced in than last month. (whilst probability of a cut is similar per asx website for some reason FF last month wasn't expecting a cut whilst this month they are). Price action after Chinese data release last hour was very muted for positive data so certainly not expecting the upwards movement in the lead up that there was last month. If more priced in than expect some drop if we get a cut but well short of 150 pips.

O boy!! Can you say this in plain English?
There is a winner and a loser, nothing in between.
Quoting buytosell
{quote} O boy!! Can you say this in plain English?
Which bit do you not understand? Sure it could be said better but each sentence, or parts of, and the overall message, are pretty clear I would have thought.

If it helps I could have just answered Klemantina's question with no, but think they would be less helpful.
Hope for the best, prepare for the worst.
Quoting dab
... but think they would be less helpful.
Helpful? Interpretation of those who can move the price matters only. You don't move the price, do you?
There is a winner and a loser, nothing in between.
Quoting buytosell
{quote} Helpful? Interpretation of those who can move the price matters only. You don't move the price, do you?
Buytosell, what you wrote just means technical analysis is worth nothing. A technical analyst cannot move the price, so his interpretation does not matter.
  • Post #89,476
  • Quote
  • Edited Mar 2, 2015 4:51am Mar 1, 2015 11:31pm | Edited Mar 2, 2015 4:51am
Quoting stefcio2002
{quote} Buytosell, what you wrote just means technical analysis is worth nothing...
I said technical analysis worth nothing? Really? Show me that I said that.
There is a winner and a loser, nothing in between.
Quoting bogus
{quote} Those levels sound good. {image}
Hopefully you still hold yours? I cleared all my positions on Friday lol.
let's see what's happening first for the RBA tomrrow regarding rate decision
I don't think there will be a rate cut, they will leave it for next month, a rate cut will create a housing bubble.
Australian dollar is going to go up to 0.79 US cents.
There very well may be a rate cut this month, but it seems most retail traders are sure of it and this reminds me of Nov 2014 when retail was long USDJPY and expecting the bull train to continue to 125-150. I see .75 soon but not without some pullbacks and fights from the AU bulls..
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