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

[MARKETWAVES]

The results are in ..........
(an update to the recent charts posted here from 2 weeks ago .....)

BEFORE AND AFTER ................

 

[Milk Man]

Where do you reckon it'll go to waves? Stratosphere?

 

[MARKETWAVES]

Milkman.............

Think that this will move in accordance to Elliott wave theory ... Looks like we are at the beginiing of a 5th wave ....

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Contracting triangles ......
have objectives just like any other chart formation ....

I have some links to explain this but cannot post them because the guys that manage this site dont like posts that go to other websites it seems... They probably kick me off the this site if off the site if I
post this . So I try to explain best I can .....

 

[Joe Blow]

I have some links to explain this but cannot post them because the guys that manage this site dont like posts that go to other websites it seems...

MW,

Feel free to post your lnks. Genuine links to valuable/useful information or resources are encouraged on ASF. The only instance where I may have a problem with posted links is where someone is spamming their site.

 

[MARKETWAVES]

TIME TO TAKE A LOOK AT THE AUSSIE DOLLAR AGAIN

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What's Going On ?....


What is this ?


A Massive Falg-Pole?.............. A Dagger ?

What ever it looks like ....

The Aussie Dollar appears to be sloping downward ....

Here we Go ............. again !

MAJOR RESISTANCE APPEARS TO BE AT 7600

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IS A PULLBACK IN ORDER HERE ?

HERE'S THE 2 CHARTS ........ YOU BE THE JUDGE !

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TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliott Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

 

[scsl]

The Aussie is flyyyyying atm! Up more than half a dollar to 0.7691.

It's been a while since the last post in this thread... Hope Marketwaves, DTM and others can get back into it.

 

[bvbfan]

I've started playing FX, just sticking to what I know and done well on AUD
Caught the leg down to 74c and leg back up to 76.9c although left a lot on the table at least i'm getting most entries right, exits I need to work on.

It should go onto to test 78c but I wouldn't rule out a crack at 80c just yet

 

[michael_selway]

The Aussie is flyyyyying atm! Up more than half a dollar to 0.7691.

It's been a while since the last post in this thread... Hope Marketwaves, DTM and others can get back into it.

Is it because the USD is falling?

thx

MS

 

[TraderPro]

Is it because the USD is falling?

thx

MS

No, Its largely because of the prospect of an Australian interest rate rise... hence raising the interest rate differential between the US rates and Aussie rates...

On Friday US GDP wasn't conducive of a US interest rate rise - hence Aussie shooting up...

 

[Kauri]

Has been good to me so far....

 

[vert]

is anyone watching the overseas markets? the eur/usd has broken the may/june highs, hit 1.3108 currently 1.309. usd index is 83.53, gold 637.00. should be good week for gold stocks next week.

 

[Kauri]

AUDUSD.. I think the 4Hr chart supports the Aussie daily, seems to be in a minor W3 of some degree..

 

[scsl]

A few hours ago, the Aussie closed at US$0.7912 - the highest year-end close for a decade. Looks like it will probably approach and test 0.80 in January...

 

[bvbfan]

As bearish as I am on the USD I don't expect the AUD to break 80 without a few more tests, AUD actually selling off tonight
ooh look at it go



Obviously I'm short from av 79 even although was getting worried when it got to 79.20

 

[Naif]

AUDUSD is now 0.7938 and if it could hold above 0.7929 levels , then it might go up to test 0.8000 levels... everything seems to me that audusd is going to break 0.8000 but what i learnt from the previous years that USD always show strengths in the start of the year..

for me nothin is certain and i prefer to stand aside for now ...

 

[Nick Radge]

Here is an article I wrote for AIR back in late November.

http://au.biz.yahoo.com/061130/27/zvjx.html

 

[scsl]

Here is an article I wrote for AIR back in late November.

http://au.biz.yahoo.com/061130/27/zvjx.html

Thank you for posting the link Nick. As the chart you refer to wasn't showing, would you be able to post it here? Also, I understand that $0.92 could be several years off, but have you put an approximate timeframe on it? And where do you think this current run from (support at about mid) $0.78 is going in the next month?

 

[machi]

Interesting, Currency expert Peter Bain says this is the last move up before we see a reversal

" It appears that the Aussie (AUD/USD pair) is trying to top out on
the daily chart, what with the Big Dogs extremely short vis-à-vis
COT (a.k.a. Commitments of Traders)"

Let's see what happens

 

[RichKid]

Here is an article I wrote for AIR back in late November.

http://au.biz.yahoo.com/061130/27/zvjx.html

Thanks Nick,

That's a nice, clear article, would you be able to post the chart referred to in that article? It's not available at the location.

 

[Naif]

i think that sellin` audusd from 0.7997 with sl 25 pips and limit 0.7905 would be safe..
i guess it worths ...

what about you traders?