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  • #94,601
  • Jan 16, 2016 10:03pm Jan 16, 2016 10:03pm
While I'm not suggesting this will happen immediately or even very soon, 90c could well happen in 2016 if the US economy tanks, the Fed realises their mistake, and brings forth more QE and negative rates.

It's entirely possible.
  • #94,602
  • Jan 16, 2016 10:10pm Jan 16, 2016 10:10pm
Currently i'm not in any positions as i will trade what i see when markets open. Try not to hold a particular bias when trading, while i agree it is obviously a bear trend, be ready for corrective price action as well. Chances of a market falling or rising in a straight fasion is unlikely.

Safe trades !
  • #94,603
  • Jan 16, 2016 11:35pm Jan 16, 2016 11:35pm
Quoting giveachance
{quote} why not 0.90. check the last time it move to 0.90. it moved in 9 months to that price and aud was much lower. aud is surprising me day by day and unless we get 60 pip bounce from the highs in very quick time I would not call a bottom
18 months ago we had a heated discussion when I was telling you the Ozzie was prime to fall when it was at 94. At that point you were calling for parity. 1000 pips later at 84 you were calling for 90. Then at 77 you were saying it was the sale of the century. At 73 you stated it was a massive bargain, and now, 2500 pips later at 6850 you are calling for 90.

All I can say is......thank you for entertaining me over the last 18 months. The foolishness of your posts is comical. I just hope new traders didn't listen to you.

As a token of my appreciation, I would like to present you with a new hat
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Pride always comes before destruction.... -Proverbs 16:18
  • #94,604
  • Jan 17, 2016 3:43am Jan 17, 2016 3:43am
Quoting Expo33
{quote} 18 months ago we had a heated discussion when I was telling you the Ozzie was prime to fall when it was at 94. At that point you were calling for parity. 1000 pips later at 84 you were calling for 90. Then at 77 you were saying it was the sale of the century. At 73 you stated it was a massive bargain, and now, 2500 pips later at 6850 you are calling for 90. All I can say is......thank you for entertaining me over the last 18 months. The foolishness of your posts is comical. I just hope new traders didn't listen to you. As a token of my appreciation,...
thank you but i was not riding the aussie down and I don't think I have a discussion with you on aud. I rarely post here.
  • #94,605
  • Jan 17, 2016 3:51am Jan 17, 2016 3:51am
Quoting Expo33
{quote} 18 months ago we had a heated discussion when I was telling you the Ozzie was prime to fall when it was at 94. At that point you were calling for parity. 1000 pips later at 84 you were calling for 90. Then at 77 you were saying it was the sale of the century. At 73 you stated it was a massive bargain, and now, 2500 pips later at 6850 you are calling for 90. All I can say is......thank you for entertaining me over the last 18 months. The foolishness of your posts is comical. I just hope new traders didn't listen to you. As a token of my appreciation,...
My last conversation with you was on Aug 14, 2014. 17 months back and the topic of discussion was aussie employment data and yes I was wrong and was calling for aussie to reach 9600 when it was at 8700-9000 or so.
  • #94,606
  • Jan 17, 2016 4:18am Jan 17, 2016 4:18am
Quoting giveachance
{quote} My last conversation with you was on Aug 14, 2014. 17 months back and the topic of discussion was aussie employment data and yes I was wrong and was calling for aussie to reach 9600 when it was at 8700-9000 or so.
Nearly 5,000 posts with a total of 10 charts. Since there is NO fundamental reason for the Ozzie to hit 90 any time soon, maybe you could post a chart. At the very least, give members something to sink their teeth into instead of just making claims with no substantive argument
Pride always comes before destruction.... -Proverbs 16:18
  • #94,607
  • Jan 17, 2016 5:49am Jan 17, 2016 5:49am
Quoting Expo33
{quote} Nearly 5,000 posts with a total of 10 charts. Since there is NO fundamental reason for the Ozzie to hit 90 any time soon, maybe you could post a chart. At the very least, give members something to sink their teeth into instead of just making claims with no substantive argument
boss I am not a chartist. I am not good at drawing them. I am making a fundamental call not technical. If you don't like my posts add me to your ignore list.
  • #94,608
  • Jan 17, 2016 6:22am Jan 17, 2016 6:22am
Quoting giveachance
{quote} why not 0.90. check the last time it move to 0.90. it moved in 9 months to that price and aud was much lower. aud is surprising me day by day and unless we get 60 pip bounce from the highs in very quick time I would not call a bottom
ATM Fundamentally the Aussie economy wont be picking up anytime soon. This is why.
20 Pips a day keeps centerlink away
  • #94,609
  • Jan 17, 2016 7:27am Jan 17, 2016 7:27am
Quoting giveachance
{quote}I am making a fundamental call not technical.
Quoting giveachance
{quote} why not 0.90. check the last time it move to 0.90. it moved in 9 months to that price and aud was much lower.


That's what you call a fundamental call? I think that is the most uneducated/embarrassing comment I have read on these forums.
  • #94,610
  • Jan 17, 2016 7:53am Jan 17, 2016 7:53am
Quoting diggo
{quote} 0.70 level is weak support in my opinion.

0.687x is the only major level I will be tracking in the short term. A weekly close below this level will open a fast and furious leg down. Experienced bulls may attempt catching the knife on a wick extension below 0.687. I won't be one of them. I had a pending long order at 0.686 in September. I missed the bull run. Larger bears have loaded up above 0.73 and I'm not sure if 0.687 will hold this time.
First major target cleared and we have a spectacular clean sweep on the Weekly close below 687x/9x.

We have now unlocked the next major technical level 0.639x in play in the short to mid term. I will be looking to reload short positions this week above 0.69.

Equities, oil leading the way and A/U, N/U, G/U are all in sync with major levels taken on the Weekly close. Hold onto your hats gentlemen, this move is far from over.
  • #94,611
  • Jan 17, 2016 8:01am Jan 17, 2016 8:01am
Quoting diggo
{quote} First major target cleared and we have a spectacular clean sweep on the Weekly close below 687x/9x. We have now unlocked the next major technical level 0.639x in play in the short to mid term. I will be looking to reload short positions this week above 0.69. Equities, oil leading the way and A/U, N/U, G/U are all in sync with major levels taken on the Weekly close. Hold onto your hats gentlemen, this move is far from over.
0.639x wow.will keep that in mind.
  • #94,612
  • Jan 17, 2016 8:41am Jan 17, 2016 8:41am
with china turn oil, oil drop today do to Iran sanctions relief us economy struggling there is no technical analysis that work i recommend you to stay away from market your account may be wipe off in a couple of minutes success
  • #94,613
  • Jan 17, 2016 4:27pm Jan 17, 2016 4:27pm
Having read the Australian papers we have some so called economists mainly from large financial institutions calling for ASX to rise to 5500 by year end .

In the same breath one said that the US stockmarket is overvalued so I'm questioning whats in this guys crystal ball besides hallucinogenics ?

We are now hearing that US rate hike wasn't justified.
Even the optimistic economist has said his 4 rate hikes in 2016 are revised back to 1.

So if the US is stalling which was meant to be in regaining in strength mode where does that leave Australia ?

I'd pretty much say its stuffed given the transition from mining to a new economy whatever that is.

On AUD/USD it should trend lower and Im expecting the RBA to cut rates as the housing market cools.

I still like the short AUD/NZD play as it still yields on the carry - 1.0550 has been supportive . I think we can break and find another test of parity .

Happy hunting
  • #94,614
  • Jan 17, 2016 5:38pm Jan 17, 2016 5:38pm
You have said the sad key word. A NEW economy WHATEVER THAT IS.
  • #94,615
  • Jan 17, 2016 7:12pm Jan 17, 2016 7:12pm
Quoting cold chisel
You have said the sad key word. A NEW economy WHATEVER THAT IS.

Solar? Clean energy?
  • #94,616
  • Jan 17, 2016 7:38pm Jan 17, 2016 7:38pm
Aussie session being very kind.. providing better short opportunities before the chinese market tanks and the eu session sinks the boat
  • #94,617
  • Jan 17, 2016 9:00pm Jan 17, 2016 9:00pm
Expected short squeeze is here.

Hope everyone over here is making money from this squeeze. Have a good week ahead!
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  • #94,618
  • Jan 17, 2016 9:06pm Jan 17, 2016 9:06pm
Nice bounce early into the asian session. Let's see where this goes.
  • #94,619
  • Jan 17, 2016 9:39pm Jan 17, 2016 9:39pm
chart spread oversold going up (daily )
  • #94,620
  • Jan 17, 2016 9:50pm Jan 17, 2016 9:50pm
Quoting SkyrEk
Expected short squeeze is here. Hope everyone over here is making money from this squeeze. Have a good week ahead! {image}
short squeeze or genuine buying??? If I say buy this whole thread will start targeting me. I have been watching aud crosses for clues and all of them are looking strong. gbp/aud is pretty much attached to risk and has a weekly 50% retracement at 2.0575. it breaks that it leaves a big hole below
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