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AUD/USD

  • #92,861
  • Oct 19, 2015 5:29am Oct 19, 2015 5:29am
Quoting ruma29
{quote} Why do you worry?
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As my English is not good, just use charting.
  • #92,862
  • Oct 19, 2015 6:33am Oct 19, 2015 6:33am
Though couldn't make it precise, the AUDUSD is more likely to maintain its upward trajectory unless a break below 0.7240.
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  • #92,863
  • Oct 19, 2015 6:42am Oct 19, 2015 6:42am
Wow ell3. As much as it sucks for you, it eases my mind to know it happens to experienced traders too. I hope you get out of your slack period soon. I've been having exactly the same thing. Not getting out because I expected more movement and then taking a loss. Thanks for your response.
Anyway, back to the subject at hand.
  • #92,864
  • Oct 19, 2015 6:46am Oct 19, 2015 6:46am
Quoting Fx_Anil
Though couldn't make it precise, the AUDUSD is more likely to maintain its upward trajectory unless a break below 0.7240. {image}
I have 7240 as fib support and if that holds estimate is 7495 as target for the longs.
  • #92,865
  • Oct 19, 2015 7:13am Oct 19, 2015 7:13am
Quoting Wildthing507
Wow ell3. As much as it sucks for you, it eases my mind to know it happens to experienced traders too. I hope you get out of your slack period soon. I've been having exactly the same thing. Not getting out because I expected more movement and then taking a loss. Thanks for your response. Anyway, back to the subject at hand.
Thanks, yes it's been a week filled with frustration. Good luck to you too mate. The AUD should overall still be in an uptrend. Imho, all the indicators still point upwards. Just by looking at the charts and PA there's a general bullish tone too. But watch out for the 7240 area as @fx_anil has pointed out.
  • #92,866
  • Oct 19, 2015 12:16pm Oct 19, 2015 12:16pm
PA suggests the aud is down the past few hours cos something's weighing. Is it commodities having a bad day? Or a sell-off pre-RBA minutes later? Been unusually quiet here today!
  • #92,867
  • Oct 19, 2015 12:43pm Oct 19, 2015 12:43pm
Quoting Fx_Anil
Though couldn't make it precise, the AUDUSD is more likely to maintain its upward trajectory unless a break below 0.7240. {image}
Thank you Anil for this interesting analysis, i think i will wait for the breaking point.
  • #92,868
  • Oct 19, 2015 2:49pm Oct 19, 2015 2:49pm
I think the big item us the RBA decision in November. And before that the inflation number to be released on 28 October.

Surprised that no one is talking about the inflation. I think it would come out as poor. Certainly lower than the June number. But, I don't see the RBA reducing rates for fear of causing a proprty bubble.

So, really, I am thinking some selling opps around the next week inflation results and depending on their severity (0.4 or higher), buying opportunity as the RBA is unlikely to move.
  • #92,869
  • Oct 19, 2015 5:57pm Oct 19, 2015 5:57pm
Quoting attilafx
{quote} I have 7240 as fib support and if that holds estimate is 7495 as target for the longs.
Hi Attilafx, Is the S3 .72422 still relevant?.... as that was my calculation from yesterday PP? When technically do PP need to be updated in FX?
  • #92,870
  • Oct 19, 2015 7:37pm Oct 19, 2015 7:37pm
Just closed my USD/CAD longs from Friday and pretty happy with the result.

Now is a good time to long AUDUSD and Short GBPAUD

It is on a nice support for a buy AUDUSD and should bounce up nicely.
  • #92,871
  • Oct 19, 2015 8:43pm Oct 19, 2015 8:43pm
I'm not so sure about going long yet. Somehow the market appears to be mixed with a bearish tint. I'm holding onto 1 remaining long since last week at 7285 and that doesn't seem to be yielding anything since the market simply isn't holding its gains above .73. When it next breaks even i'm going to exit and stay flat for awhile.
  • #92,872
  • Edited 11:32pm Oct 19, 2015 9:54pm | Edited 11:32pm
My bias still been short after all that GDP and RBA minutes. I initiated a short at yesterday's highs at around .7280. In the greens now, i see more downside still. For those whom are more risk adverse, i suggest waiting for a clear breakout of the triangle formation on the 4hr.


Update: Out with a small profit.
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  • #92,873
  • Oct 19, 2015 11:53pm Oct 19, 2015 11:53pm
Folks.. Will the AUD/USD go downwards or upwards. .. stuck in a short position and not sure if it will go down..
  • #92,874
  • Oct 20, 2015 12:08am Oct 20, 2015 12:08am
Quoting attilafx
{quote} I have 7240 as fib support and if that holds estimate is 7495 as target for the longs.
Agreed
  • #92,875
  • Oct 20, 2015 12:10am Oct 20, 2015 12:10am
morning guys...
well ATM nothing is clear for me ...
its better to wait and watch ....
  • #92,876
  • Oct 20, 2015 12:10am Oct 20, 2015 12:10am
Quoting IbrahIm2009
{quote} Thank you Anil for this interesting analysis, i think i will wait for the breaking point.
My pleasure
  • #92,877
  • Oct 20, 2015 12:11am Oct 20, 2015 12:11am
Quoting Fx_Anil
{quote} Agreed
Agreed also...
20 Pips a day keeps centerlink away
  • #92,878
  • Oct 20, 2015 1:32am Oct 20, 2015 1:32am
hello everyone,
im new here,
tell me about my trading plan m I right ? share your views as well.
thanks
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  • #92,879
  • Oct 20, 2015 1:40am Oct 20, 2015 1:40am
Quoting wisemonk
Folks.. Will the AUD/USD go downwards or upwards. .. stuck in a short position and not sure if it will go down..
I don't think anyone can give you an answer! Just watch the market and don't be afraid to take a loss if needed I guess. I've also been unsure about the aud these few days, too much consolidation and inconsistent data throwing it around.
  • #92,880
  • Oct 20, 2015 1:43am Oct 20, 2015 1:43am
Looks like that support bounce I mentioned earlier played nicely.....lets see if it can go higher today....
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