All Blog Posts Tagged 'AUDUSD' (487)

FX Light - Getting More Aggressive Now

1st July 2014. The last 24 hours has seen a wave of selling against the buck with key pairs now looking quite stretched. GBPUSD is now weekly, daily and was briefly hourly overbought. EURUSD seems to be making that move up towards 1.37 that seemed on the cards a few days ago. USDJPY seems to be…

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Added by Gary on July 1, 2014 at 7:18am — 1 Comment

AUDUSD Weekly Forecast Jun 30 2014

The AUDUSD continued it bullish momentum last week ,topped at the 0.9444 levels and printed support at the 0.9353 levels .This development leaves the pair targeting the 0.9510 levels , a halt is likely , but a break would open 0.9590 next , further upside will aim the 0.9680 levels.

On the downside , support comes at the 0.9375 levels ahead of 0.9353 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 0.9353 levels on a weekly closing…

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Added by Haitham653 on June 30, 2014 at 11:31am — No Comments

AUDUSD Daily Forecast Jun 19 2014

The AUDUSD continued its bullish momentum , printed support at the 0.9320 levels . This development leaves the pair targeting the 0.9466 levels where a breach will turn focus on the 0.9535  next , further upside will aim the 0.9260 levels ….

On the downside , support comes at the 0.9373 levels ahead of 0.9320 ( main) , stability above support levels will keep the bullish momentum intact , however ; sustained trading – daily closing – below 0.9320 will turn outlook neutral for…

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Added by Haitham653 on June 19, 2014 at 3:41pm — No Comments

FX Light - Looking Into My Defective Crystal Ball For The Second Half Of 2014

“The ability to foresee that some things cannot be foreseen is a very important quality” – Rousseau

June 17th 2014. So, six months into the year, how are you doing? Yesterday I closed the last of my FTSE short positions and once again await an opportunity to sell this market short. I have also now begun selling the S&P500 short here too and sold some SPX at 1931. The trend is clearly up so I must remain nimble here but I…

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Added by Gary on June 17, 2014 at 7:10am — 2 Comments

FX Light - FTSE, USDJPY, EURUSD, AUDUSD

“The ability to foresee that some things cannot be foreseen is a very important quality” – Rousseau

June 16th 2014. Last week was bitter sweet. While I managed to make significant progress in my own account it came at the expense of seeing the Kiwi Dollar reverse…

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Added by Gary on June 16, 2014 at 9:00am — No Comments

FX Light - BANK OF ENGLAND BOMBSHELL

“Your business with the tape is now – not tomorrow. The reason can wait. But you must act instantly or be left. Time and again I see this happen.” Jesse Livermore

June 13th 2014. Sometimes we notice trends and trade those trends however it only…

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Added by Gary on June 13, 2014 at 7:04am — No Comments

FX Light - EURUSD, Crowded Trade, Or Trade Of The Year

“If markets were rational, I’d be waiting tables for a living” – Warren Buffett

June 4th 2014. Some of the most important events this week have yet to arrive, namely the ECB rate decision on Thursday and non-farm payrolls on…

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Added by Gary on June 4, 2014 at 8:25am — 1 Comment

FX Light - Nothing Goes Up In A Straight Line

“I’ve failed over and over and over again in my life and that is why I succeed.” – Michael Jordan

June 3rd 2014. I spoke a week or so ago about the fact that we had been seeing better data recently from the US and that there seemed to have been a shift where markets are…

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Added by Gary on June 3, 2014 at 9:03am — No Comments

FX Light - ECB Will Cast A Long Shadow This Week. A Planned Trader Is A Profitable One

“There is only one side of the market and it is not the bull side or the bear side, but the right side.” -Jesse Livermore

June 2nd 2014. Now that we are into June we have a new monthly candle for EURUSD. May’s candle was both an outside candle and a bearish one,…

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Added by Gary on June 2, 2014 at 7:25am — No Comments

FX Light - The Buck, Gold and Aussie

“I think to be in the upper echelon of successful traders requires an innate skill, a gift. It`s just like being a great violinist. But to be a competent trader and make money is a skill you can learn”. Michael Marcus – Trader

May 30th 2014. So I think it…

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Added by Gary on May 30, 2014 at 10:55am — No Comments

FX Light- So Kiwi Breaks 0.8515. STRONG Dollar

“October: This is one of the peculiarly dangerous months to speculate in stocks.” – Mark Twain 

May 29th 2014.  Yesterday s strong dollar caused some interesting action. Pretty much as I predicted Kiwi broke weekly key support at 0.8515.…

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Added by Gary on May 29, 2014 at 9:12am — No Comments

FX Light - NZDUSD Breaking Key Support at 0.8515

“Being ignorant is not so much a shame as being unwilling to learn” – Benjamin Franklin

May 28th 2014.  Looking at Kiwi we have been holding frustratingly higher but in the past day or so getting quite close to key weekly support at 0.8515. I am…

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Added by Gary on May 28, 2014 at 9:05am — No Comments

FX Light - Fading The Bid

May 27th 2014.  Post holidays I see that some of the currencies that suffered against the dollar last week have caught something of a bid. My pal AUDUSD is higher and I will be looking for opportunities to fade this today (I’ve already done it once this morning). Also yesterday’s outside day in USDCHF is notable because daily studies have it overbought at this point. If it puts in lower low today and I may give consideration to selling this short too. We have Swiss…

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Added by Gary on May 27, 2014 at 9:44am — No Comments

FX Light - Have You Noticed How Sentiment Is Changing?

"No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking" - JP Morgan

May 26th 2014. The Australian Dollar fell by the most in four months last week after dovish…

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Added by Gary on May 26, 2014 at 6:52am — No Comments

FX Light - Taking Stock Of Where We Are

“I work my whole life, I don’t apologize, to take care of my family. And I refused to be a fool dancing on the strings held by all of those big shots. That’s my life, I don’t apologize for that.” The Godfather 1972.

May 22nd 2014. I want to take some stock of where we are…

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Added by Gary on May 22, 2014 at 6:56am — No Comments

FX Light. What Next For the Australasian Pairs

“You are never immune to bad trading habits – the best you can do is keep them latent. As soon as you get lazy or sloppy they will return.” Jack Schwager – Author of Market Wizards 

May 21st 2014. After a prolonged period where we have traded sideways and…

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Added by Gary on May 21, 2014 at 10:21am — No Comments

AUDUSD Weekly Forecast May 19 2014

The AUDUSD continued its  bullish momentum 2 weeks ago  , printed support at the 9251 levels . This development leaves the pair targeting the 0.9460 levels where a breach will turn focus on the 0.9590 levels , further upside will aim the 0.9850 levels.

On the downside , support comes at the 0.9316  levels ahead of 0.9251 ( main) , stability above support levels will keep the bullish momentum intact , however ; sustained trading – weekly closing – below 0.9251 will turn outlook neutral…

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Added by Haitham653 on May 19, 2014 at 6:21am — No Comments

FX Light - EURUSD to break 1.3671?

There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again, and again, and again. This is because human nature does not change, and it is human emotion, solidly build into human nature, that…

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Added by Gary on May 14, 2014 at 4:39pm — No Comments

FX Light, AUDUSD Set-Up On Australian Budget Day

“Trading is a business and all successful businesses need a business plan to guide decisions and operations” Peter Brandt, commodities and forex trader.

The Australian budget will be released this morning so watch out for volatility. Joe Hockey’s first budget will lay out…

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Added by Gary on May 13, 2014 at 9:40am — No Comments

$AUDUSD- Flag Break?

Currently we are at 0.9371.We are looking for a continuation to the R4 area/1.270 Fibo @ 0.9436 AFTER the break of the bull flag.  The average daily true range (ATR) for the pair currently is 63 pips.

Added by Scott Barkley on May 9, 2014 at 11:23am — No Comments

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