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Deano9999 commented Sep 29, 2014Agree. Hopelessly oversold on the 4 hour and daily charts but the NZ news will see a test of the year low at 0.8659 before a pullback of sorts, possibly back to 0.88, the 20ema on the 4hr. Still holding short from 0.9287 with my medium term target ...
Guilt by association takes Aussie down with the Kiwi
- Deano9999 commented Sep 10, 2014
[quote=Guest;7731064]You're all idiots. No need to be rude - have your say politely please.
Australia Labour Force
- Deano9999 commented Sep 10, 2014
Dodgy numbers combined with the weak Chinese numbers will cap the upside but we could see 0.9250-60 sometime today (daily 20 ema) on a mean reversion retracement. That will be a good place to go short.
Australia Labour Force
- Deano9999 commented Sep 3, 2014
A tip - don't use numbers for your stops, use support and resistance levels and moving averages based on your preferred timeframes. Much safer.
Australia National Accounts: National Income, Expenditure and Product
- Deano9999 commented Sep 2, 2014
Yep this mole isn't going too far, which is why the better trade at present is long AUDNZD.
Australia National Accounts: National Income, Expenditure and Product
- Deano9999 commented Sep 2, 2014
This takes inflation in Aus to the lower end of the RBA target band and suggests further weakness ahead. This increases the chances of further RBA rate cuts and so a lower AUD. But its not much volatility and is being mitigated by the good Chinese ...
Australia National Accounts: National Income, Expenditure and Product
- Deano9999 commented Sep 1, 2014
Nothing to see here, move along.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- Deano9999 commented Aug 28, 2014
Nothing we didn't already know if as a trader you've raised your level of self awareness.
58 Cognitive Biases That Screw Up Everything We Do
- Deano9999 commented Mar 31, 2014
Language is a little more dovish, trying to talk down the currency a little - maybe some short term weakness to allow buying around 0.92.
RBA Statement on Monetary Policy
- Deano9999 commented Mar 31, 2014
Not now the Final HSBC print is out - weaker than expected. Any rally will only be on expectations of Govt support initiatives. More important for the AUD is today's rate statement.
Chinese PMI Rises To 50.3
- Deano9999 commented Mar 27, 2014
Definitely in an uptrend now after breaking out. Long from 0.9060, target is 0.9330.
AUD grinding it out
- Deano9999 commented Mar 21, 2014
Careful people, this 4hr bar looks suspiciously look a doji, and if so I may get my system re-entry signal to short, stop above 0.9150. target 0.8990. The closer it is to 0.9140 the better the R:R,
Citi Exists AUD/NZD Long, Enters AUD/USD Short
- Deano9999 commented Mar 20, 2014
The article also states a AUD of 0.76-0.80 long term. This will be unlikely given the improving current account deficit - low 0.80's is probably the limit.
Citi Exists AUD/NZD Long, Enters AUD/USD Short
- Deano9999 commented Mar 20, 2014
Strongly doubt 0.9150, as the daily 200sma is at 0.9140 and will be formidable resistance. Exited my short after yesterday's pinbar and looking to short again around 0.9100. The AUD is ranging nicely at present, at least until Monday when the ...
Citi Exists AUD/NZD Long, Enters AUD/USD Short
- Deano9999 commented Mar 19, 2014
Could be a good call, but remember Shanghai opens shortly and London also hasn't traded the US taper yet so maybe some further minor volatility, and if the German PPI is strong the EURAUD will rise and put pressure on the A$. Imho a better long is ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- Deano9999 commented Mar 19, 2014
Yep the USD was going to overshoot a little given how weak its been, so no surprise both my EUR and AUD shorts hit their initial targets. Expect to see a mild rebound during the Asian session so if you day trade should be some good 30min and 1 hr ...
FOMC Press Conference
- Deano9999 commented Mar 19, 2014
Why nervous? Seems like a good trade as the 4hour is rolling over short on my custom indicator back to at least the 20ema at 0.9082 or maybe the 50ema at 0.9050. If it reaches these before the FOMC and they taper look at the support around 0.9020 ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- Deano9999 commented Mar 19, 2014
Lots of noise here about bulls and bears - how about just focusing on price action in your chosen timeframe, which actually makes a person neither! That said, imho the AUD "strength" is a lot more about USD weakness than anything else, so will it ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- Deano9999 commented Mar 18, 2014
Doubt it, the politics won't allow it, even if the Eurobureaus think its a good idea.
German constitutional court confirms legality of Eurozone's ESM rescue fund