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

[Naif]

i just went long with sl @ 7745 and target 1st target 7810 2nd target 7850

 

[Naif]

audusd couldn`t close below the the up trendline, and 38 fibo in the daily chart.. if audusd want to go north it shouldn`t break down the up trend line, the 30min & 1hr chart show me the behaavior of the market and it seems that they want to push up audusd to 7810 but nothing sure if this pair will break 7850 or not.. we see

i might not be with u next week..

good luck and have nice weekends

bye

NS

 

[Naif]

today open was below the up trend line.. it seems that audusd is going to test 0.7685

 

[Kauri]

Hi Naif.
Yes, I just got taken out of my trade.... will see what develops..

 

[be_8_el]

Any idea if aud will drop to below .74?

 

[>Apocalypto<]

Guys dollar is going great!

Having a great time with three positions in at the moment.

I am seeing a stong very predictable trend right now but I am thinking a return to the main line, may come soon side ways.

What are your thoughts on the current situation? I hear a price objective of .90 forecast but I am just taking it one day at a time.

A rise in rates in May will help the cause.

 

[>Apocalypto<]

Last night dollar hit a small bump dropped very quick but then stabilized, But silly me panicked and dropped all my positions!

Well at least I saw the bottom and got back in! so it is not all lost!

 

[Kauri]

Although it seems rather shallow for even a W4, it may be in. Watching to see if a minor W1..W2 develops. Not trading in FX at the moment, just watching as I try to nut out a confirming signal that I am comfortable with to replace vol. ... :dunno:

 

[>Apocalypto<]

Although it seems rather shallow for even a W4, it may be in. Watching to see if a minor W1..W2 develops. Not trading in FX at the moment, just watching as I try to nut out a confirming signal that I am comfortable with to replace vol. ... :dunno:

Great to see another ASF member looking at the AUD$$

I am also watching Kauri.

I see a bearish channel looking for a return to main trend line or break of the channel before I start committing any positions.

Tonight it's putting on a stronger show.

 

[Kauri]

Great to see another ASF member looking at the AUD$$

I am also watching Kauri.

I see a bearish channel looking for a return to main trend line or break of the channel before I start committing any positions.

Tonight it's putting on a stronger show.

Hi Trade_it
Looks like a good place to set up for a W2... would have been nice to see the Wb taken out first though. The upcoming RBA ann will move it one or tother I guess.
Cheers
Kauri..

 

[Kauri]

Can't complain, it's been a good run so far... wonder if she will take a spell around the recent high???

 

[>Apocalypto<]

Can't complain, it's been a good run so far... wonder if she will take a spell around the recent high???

Kauri,

I hate to say I missed the boat on the aussie!

but not to despair, yesterday afternoon I opened contracts on:

EURO/USD LONG Support found, returned to main trend line.

GBP/USD LONG break off minor resistance return to main trend line.

USD/CHF SHORT bounce off trend line, just about broke minor rally.

that is what a sore yesterday all in profit now. Mind you they are all made, do to a weak US dollar. but the entry's would not come if the US was not weak and looking for more downside.

So I will follow you on to further highs!

Not sure if i will open a aussie on the dip I may just keep adding to what I have.

see charts

 

[Kauri]

Kauri,

I hate to say I missed the boat on the aussie!

but not to despair, yesterday afternoon I opened contracts on:

EURO/USD LONG Support found, returned to main trend line.

GBP/USD LONG break off minor resistance return to main trend line.

USD/CHF SHORT bounce off trend line, just about broke minor rally.

that is what a sore yesterday all in profit now. Mind you they are all made, do to a weak US dollar. but the entry's would not come if the US was not weak and looking for more downside.

So I will follow you on to further highs!

Not sure if i will open a aussie on the dip I may just keep adding to what I have.

see charts

Trade it'
Nice work, looks like it's all trending well.
I've only got the one pair on at the moment, nice little runner on the Aussie 4Hourly.... can't workout the waves after the entry so letting it run with a MA as a stop... it just won't stop for a W4.. ..

 

[Kauri]

She pulled up for a shallow W4 right on cue... I imagine that the W5 will most likely be relatively short due to the length of W3.....

 

[waz]

Any ideas on why the Au$ shot up at pretty much 11:30am??

It went up from around 83.80 to 83.99 in a minute, then from 84 to 84.20 in the next 25 mins.

This morning it was pretty much flat trading from 10am to 11:30am.

 

[waz]

Looks like the better than expected GDP figure caused the jump.

 

[Kauri]

Any ideas on why the Au$ shot up at pretty much 11:30am??

It went up from around 83.80 to 83.99 in a minute, then from 84 to 84.20 in the next 25 mins.

This morning it was pretty much flat trading from 10am to 11:30am.

RBA left rates on hold today.. and the general consensus is that they will not need to be raised over the rest of the year...

 

[>Apocalypto<]

o my dear,

off it goes enjoy, Kauri!

 

[Kauri]

She seems to be losing a bit of momentum around the expected W5 area... will be interesting to see how our northern friends treat it tonight...

 

[>Apocalypto<]

She seems to be losing a bit of momentum around the expected W5 area... will be interesting to see how our northern friends treat it tonight...

Well I had a ripper last night US made a come I am thinking.

all my positions closed and back under resistence.

looking at the aussie failed at 85, look for a continuation entry.