AUSSIE DOLLAR...here we go again? Intermarket Analysis

[DTM]

OK taken the trade off. Sold at .8274 bought back at .8270. Its taking a long time to move and is trading within a small range and I'm too tired to follow it.

 

[Naif]

hi DTM i like your psots..

the audusd is in a small range and today close very important, if the daily close below 8270 then i suggest that audusd is going to test 8248, 8225,8202 and that is what i expect...
the 2nd scenario if the daily close above the 8290 , then we might see next week 8307, 8354..
anyway till now i expect that the dollar will show strength against all currencies and the audusd trend is down for the ST..

keep the good work DTM

good luck everyone

 

[DTM]

Most of the movement down has been missed for the day. Its dropped from around .8276 to .8171 and starting a small rally. I have bought in at .8194 when it looked oversold on the minutely and 5 minutely charts. Stop loss at .8185 and looking for a 30 minute trade. It doesn't look its going to move very much today.

 

[DTM]

Okay, taken a lot longer than I thought and I've run out of time.

Looks like its reached a pivot point. Taken the trade off @.8210 and breaking through resistance, expecting to settle on it again as support.

Chart to follow.

 

[DTM]

Aussie still climbing but I've run out of time. Thats the problem with being a part time trader.

 

[Naif]

hi DTM i like your psots..

the audusd is in a small range and today close very important, if the daily close below 8270 then i suggest that audusd is going to test 8248, 8225,8202 and that is what i expect...
the 2nd scenario if the daily close above the 8290 , then we might see next week 8307, 8354..
anyway till now i expect that the dollar will show strength against all currencies and the audusd trend is down for the ST..

keep the good work DTM

good luck everyone

friday close was below 8270 ... which means that they traders wants to see 8202.. and today`s low is 8171.. and now the price is 8226...
after breaking the up-trendline , the audusd is more likely to stay below 8270 unless usa data show weakness and aud data show strength.. i would prefer to sell audusd from resistance.. any close below 8163 that will indicate that we gonna see 8003

good luck

 

[Kauri]

friday close was below 8270 ... which means that they traders wants to see 8202.. and today`s low is 8171.. and now the price is 8226...
after breaking the up-trendline , the audusd is more likely to stay below 8270 unless usa data show weakness and aud data show strength.. i would prefer to sell audusd from resistance.. any close below 8163 that will indicate that we gonna see 8003

good luck

Hi Naif,
I'm in two minds at the moment ... waiting to let it develop a bit more..
Cheers
...........Kauri

 

[Kauri]

Hi Naif,
I'm in two minds at the moment ... waiting to let it develop a bit more..
Cheers
...........Kauri

Looks like someone else is in two minds as well..
Cheers
..........Kauri

 

[DTM]

Okay, taken a lot longer than I thought and I've run out of time.

Looks like its reached a pivot point. Taken the trade off @.8210 and breaking through resistance, expecting to settle on it again as support.

Chart to follow.

Taking a peek again its hit .8234 and now looking for support around .8215. Will take another look again later tonight.

 

[Naif]

Looks like someone else is in two minds as well..
Cheers
..........Kauri

hi kauri..
8225 is important its 61.8 fibo in hourly chart, and also MA 200 days.. if it close today below 8215 that would take the aud to 8202 and then 8175 and 8163 ... but the close above 8225 means that aud will go up to test 8270


good luck

 

[Naif]

hi kauri..
8225 is important its 61.8 fibo in hourly chart, and also MA 200 days.. if it close today below 8215 that would take the aud to 8202 and then 8175 and 8163 ... but the close above 8225 means that aud will go up to test 8270


good luck

after the one hour bar closed above 8225..the high till now is 8267...
i think shorting from 8271 for 20-40pips profit would be a good idea with stop loss only 15 pips, and now i think its not really clear if the trend is up or down.. i will wait for more confirmations..

 

[Naif]

audusd now is 8224...
the price didnt reach 8271 and didnt short ..
i will wait for the daily close.. i still prefer to sell highs and will not buy from supports...
lets see

 

[DTM]

audusd now is 8224...
the price didnt reach 8271 and didnt short ..
i will wait for the daily close.. i still prefer to sell highs and will not buy from supports...
lets see

Close call, it looks like it hit .8270 before declining. Looks like its resting on support at .8240 and looking to go up again. Nice trade opportunity.

 

[Naif]

Close call, it looks like it hit .8270 before declining. Looks like its resting on support at .8240 and looking to go up again. Nice trade opportunity.

yesterday close was above 8225 , and it was a good trade to buy and the initial target 8271.. im still not sure where the audusd will head... so i`m waitin for more confirmations...
here what i see on the chart... its the daily chart..

 

[Naif]

hi kauri..
8225 is important its 61.8 fibo in hourly chart, and also MA 200 days.. if it close today below 8215 that would take the aud to 8202 and then 8175 and 8163 ... but the close above 8225 means that aud will go up to test 8270


good luck

after the daily close above 8225 it tested 8270, and after the hourly bar closed above 8270 it tested 8307 and the high 8314.. if the daily close above 8270 that wud indicate that the next target is 8340..
if the daily close above 8270 i will wait for the price to test the support and will buy from 8275-80 with stop 20pips and 1st target 8307, 2nd target 8335..

good luck

 

[DTM]

Close call, it looks like it hit .8270 before declining. Looks like its resting on support at .8240 and looking to go up again. Nice trade opportunity.

And there she blows. Up to .8350. I hope someone caught that wave up.


:bowser:

 

[>Apocalypto<]

And there she blows. Up to .8350. I hope someone caught that wave up.


:bowser:

I was long on it DTM,

Whatever Ben B said really picked things up. I took profits this morning, want to see a retrace/banding pattern on 4hour chart then look to jump back on.

 

[Naif]

if the audusd today reach 8390 it will be a good chance for me to go short for 45 pips profit with stop loss at 8405 .. because the pair will move about 66 pips today.. and its a top in the daily chart + 38 fibo on the daily...

good luck everyone

 

[DTM]

And there she blows. Up to .8350. I hope someone caught that wave up.


:bowser:

And still going strong at .8432

 

[Naif]

if the audusd today reach 8390 it will be a good chance for me to go short for 45 pips profit with stop loss at 8405 .. because the pair will move about 66 pips today.. and its a top in the daily chart + 38 fibo on the daily...

good luck everyone

it hitted my SL 15 pips..