AUD/USD Nov. 10 – parity depend support

November 10, 2010 posted by Yohay
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AUD / USD, and start to feel the heat from the European search support for parity. Is, from the Australia high range or to increase employment figures from?. Technical and fundamental social trends is a quick update here.

AUD $ supports parity.

AUD / USD technical

Asian session: active sessions in both directions 1. 0023 to test range 1... 0080 further levels between parity.Current Australia: under 1. 0023, 1.0000, 0... 9920, 0... 9850, 0... 497.5, 0... 9669. 1. 0080, 1... 0180, 1. 0220, 1.03). Parity's strong support line now. 1. 0180 Is uncharted territory before a strong line of resistance.

AUD / USD Foundation

All the time is GMT. Emphasized the most important events.

00: 30 Minutes Australia mortgage. Expert +1.1%. +1.3% Actual. Australia positive.2:30 China trade balance. Expert +25.3 yen. Actual +27.2 circle. Requests United States unemployment at 13: 30. Expert 451 K... 13: 30 Minutes United States trade balance. Experts - 45 billion.19:00 United States federal budget balance. Experts - 153 billion.00:00 Australia MI inflation expectations. 00: 30 Australia employment data. Employment change expert + 20 K. Unemployment rate 5%.

AUD / USD attitude

QE2 $, weaken, and then sends a new historic highs AUD / USD. So is gold.European problems begin and weigh around the world. Help in Australia employment numbers probably Australia. Currensee community: 86% is short, 14% are long. 354 Account of actual this pair in the moment of trades to open position. Community sees big fixes?

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Tags: AUD / USD technical analysis, employment in the federal budget balance, home loan, MI inflation expectations, trade balance, and unemployment claims that the unemployment rate is

Forex Commentary: AUDUSD range-bound, 1st November 2010

The daily currently is consolidating into a trading range between 1.0000 to 0.9675. There are chances of consolidation later mid-term elections American Tuesday and u.s. Federal Reserve announced Wednesday as regards quantitative easing.

Generally, these situations where we have a break in a trend and the price action is laterally, we give the favor of the previous trend, then it would be up. However, it's best to wait for a break of consolidation to occur and then look at the strength of breakout and wait for confirmation Settings action price before committing all positions.

Intra-day update:

The Reserve Bank of Australia raised interest rates by.25% today, as you can see in the chart below the market has rallied strongly out this news. it seems that a break off the top of this range is possible in the near future, this is a historic moment for the Australian dollar, further upside earnings are probably in the near future.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar rose today on the back of production data USA and Chinese forts and as investors wait for the next elections intermediate Tuesday and the announcement of the Fed Wednesday.

In recent weeks dollar's decline has slowed down a bit as traders reduce expectations about aggressive as it could be the fed and betting against the dollar has grown.

The dollar rose to 0.2% against the yen to 80 59 and the euro fell 0.4% for the dollar to 1 3882.

The Dow added 6.13 points or 0.06%, the S & P 500 added 1.12 points or 0,09% and the Nasdaq lost points 2.57 or 0,10%.

Trade idea: AUD/USD Exit far into the 1.0015

AUD/USD – 1.0063

Recent: Wave 5 stopped at 0.9389 failed 5 and large patch pending

Trend: down

Original strategy:

Purchased 1.0015, Target: 1.0195, Stop: 0.9970

New strategy:

Exit far into the 1.0015

Although the Australian dollar has increased after the holding of yesterday's low at 0.9997 and initial consolidation of this level would take place, wide strength in the dollar suggest upside would be restricted to 1.0100 and risk is seen for another fall to said support, would break the signal a temporary up may have formed on the 1.0183 and retracement of the recent upmove to 0.990.

Against this background, we conclude our long position is set at 1.0015 and set aside in the meantime. Above 1.0100 would lead to another test of the resistance at 1.0183 but break there is a need to signal gain has been resumed and expand profit in less wave (v) of v 1.0200 (1236 times projection of 0.7920 to 0.233,000 measurement from 0.8770) and possibly 1.0239 (1618 times projection of 0.6 to 0.8 8315 233,000 measurement from 0.8770) that are likely to keep from here.

Our desired number on the 4-hour chart is that the transition from 0.7920 is wave 5: 0.8860, ii: 0.8315, iii: 0.233,000, iv: 0.8770 and wave against would extend a more cause 1.0235/40.

On the bigger picture, the large increase from 0.6007 is wave (b) and the single wave iii wave (c) have stopped at 0.9407, followed by wave 4 at 0.7920 and wave 5 already reached the destination indicated on the upside in the psychological level at 1.0000, enumerate, and would be limited to 1.0200 (1236 times projection of 0.7920 to 0.233,000 measurement from 0.8770).

Forex Commentary: AUDUSD nearing parity, EURJPY fakey update, 10-13-10

The Australian dollar is approaching to parity with the dollar. We can see in the chart below that recently there has been some very bullish price action in Daily, who has reported this move higher.

Note the fakey + combination installation of bar pin and then bullish pin 2 bars that formed recently. this situation are examples of how a market trend with simple price action trading formations.

EURJPY:

Installing fakey + pin EURJPY we discussed in the commentary yesterday broke more in line with the underlying trend. resistance comes close to 115.50.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

Global Stocks today pink on the expectations that the u.s. Federal Reserve Bank further loosen monetary policy to inject life the American economy stagnating.

Gold has reached a new all-time high today of $ 1374.15 per ounce as investors looked for safety, as the dollar continues to weaken. Oil closed just above $ 80 a barrel, moving 1.6% today.

The daily is almost equal and the dollar further weakened today against all the other major currencies.

The Dow moved up to 75,68 or 0.69%, S & P 500 added 8.33 points or 0.71% and the Nasdaq added 23.31 points or 0.96%.

Forex FX Market Commentary: Quiet, AUDUSD levels, 10-11-10

Today was a relatively quiet day in the forex markets like there was any significant economic data released and the markets are expecting a number of important economic data later this week from minute US FOMC meeting tomorrow.

The daily has been a couple of levels of support short-term worth noting recently. the first is near 0.9700, which coincides with the bass bar pin that formed last Friday.

The second level of support, as seen in the chart below is close down the fakey/pin bar combo that formed on 10/5. we can see the day moving average 21 resides almost immediately between these two levels of support; a pullback at this level to re-join the uptrend, it would be nice.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar strengthened modestly today against other major currencies as volume was light due to few economic data released today. the dollar has managed to earn approximately 50 pips on the euro and about 75 pips against the pound.

The Japanese yen has also gained ground modest today against other Majors with the exception of a slight loss for the dollar.

The Dow added points 2.11 or 0.02%, S & P 500 added 0,11 a point, or 0.01% and the Nasdaq added 0.42 a point, or 0.02%.

Forex Commentary: NZDUSD fakey update, AUDUSD inside bar 9-15-10

Posted on 16 September 2010

Settings of Trade Forex commentary: Palady, NZDUSD fakey update inside bar

In our comment from 9-9-10, we discussed the installation fakey bullish who formed the day before in the NZDUSD, which we posted shortly after it was formed in our Member's forum. This setting has shot up to the next logical horizontal area near 0.7350, providing traders who have taken this trade with some decent seeds and a solid risk to reward the installation.

It's worth noting how price has met significant levels of horizontal in NZDUSD recently.Notice how the price moved from 0 7150 and, therefore, up to 0.7350 before reversing.

AUDUSD:

The daily formed internal bar today in resistance near 0.9400. This internal bar can cause prices to fall down support near 0.9200. However, there would try to short to a bull market, instead we would wait for moving lower potential and then try to get on board the uptrend with a configuration of bullish price action forming around 0.9200.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar posted its biggest one-day gain against the Japanese yen in almost two years, today as Japan began selling in the market forex Yen in order to weaken the currency recently momentum in order to make exports more attractive to foreign buyers.

Intervention Japanese also helped push the euro, Australian dollar and British pound today substantially higher against the yen, although the Japan mainly bought dollars

The Dow rose 46.24 points or 0.44%, S & P 500 added 3,97 points or 0.35% and the Nasdaq added 11.55 points or 0.50%.