SubscribeOn the daily chart the pair is clearly seen by the side channel, there was a retreat from its lower border-horizontal level of 0163, now is the formation of the northern wave, which I think will last a few days and perhaps that of weeks.
Thread: Aud/Usd
On the daily chart the pair is clearly seen by the side channel, there was a retreat from its lower border-horizontal level of 0163, now is the formation of the northern wave, which I think will last a few days and perhaps that of weeks.
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First resistance level 0245 pair could be overcome, but it remains (for further growth and to purchase) and wait for a break level of 0272, as growth may hinder further 200 moving average.
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The Australian dollar rose against its U.S. counterpart on Wednesday, after upbeat Australian consumer sentiment data, although global growth concerns continued to weigh on market sentiment.
AUD/USD hit 1.0237 during European morning trade, the daily high; the pair subsequently consolidated at 1.0239, rising 0.32%.
The pair was likely to find support at 1.0150, the low of October 8 and resistance at 1.0300, the high of September 2.
In a report, the Westpac Banking Corporation said that consumer sentiment in Australia rose 1% in October, after a 1.60% inrease the previous month.
Meanwhile, sentiment remained under pressure after the International Monetary Fund cut global economic growth forecasts for 2012 and 2013 on Tuesday, justifying the recent round of central bank stimulus which aimed to support to the world's fragile economies.
Earlier in the day, the IMF said the crisis in the euro zone remains the greatest threat to the global economy and warned that policymakers need to urgently strengthen fiscal and financial ties within the euro area.
Markets were also jittery amid uncertainty over when Spain will request a sovereign bailout and when Greece will agree with its international lenders on terms for the next tranche of funds.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Originally Posted by VANDA_S
Spoiler:
On the H1 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
RECOMMENDATION: BUY
Take profit: 1.0273
our analysis equally well, different style but the same standards and goals, I also removed a potential buy for figures habits range 212, 217 terkonfirm umpteen number of pips up, if h1 is a bullish candle means an indication of 1% candle valid in combination with scenarios range habbits
# Potential buy scenario
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
yudijoni (2012-10-10)
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
On the H1 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
RECOMMENDATION: BUY
Take profit: 1.0273
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
deka14 (2012-10-10)
i wrote about October 16 being just a discussion of the October 2 rate cut, and they will also discuss about their view of the foreseeable future and this might give us a hint if they would drop interest rates again officially on November 6th... so if they are pessimistic on october 16, theres a high chance we'll see interest rate cuts AGAIN on November 6th.
There's a world of difference from the RBA being in a position to alter Interest Rates to the market players searching 2 week old "minutes": for clues on future monetary policy .
---------- Post added at 12:34 PM ---------- Previous post was at 12:31 PM ----------
Well actually heres where you are wrong.... open up ur weekly chat and you'll realize the BOTTOM is not 1.02 area, 1.02 area was the low during a very low liquidity time and i mean VERY LOW liquidity summer peridos... right now we are in higher liquidity times.... sooo on your weekly chart...
you should see the Highs and Lows as the 2 Aquatic lines i have on my chart... you see them? soo it ranges from 0.98xx to 1.05xx
So even if you short at 1.02 (though i wont advise yo uto do so...) you have a higher Returns heading to 0.98xx than you would have longing at 1.02 aiming for 1.05xx
does it make sense??
---------- Post added at 12:35 PM ---------- Previous post was at 12:34 PM ----------
lol i noticed... but do watch out Monetary Policy Meetings are incredibly devilish and people often dont realise monetary policy meeting discusses interest rates that they adjusted in the past but they also talk about their VIEWS on the future....
right now their stance in October 2 after lowering the interest rate says they did not state wether this is the start of a consecutive interest rate cuts, maybe october 16 would shed more light on this subject... if they are not optimistic about it then theres high chances that november 6th will be another intrest rate cut....read m posts!!! thats what i just said... the coming minutes will talk about October 2nd decision... but they will also talk about the Foreseeable future... and if they say the Australian Economy is being hampened by china and its looking bleak.... November 6th may be the NEXT time interest rate falls again....
so WATCH out what they are talking about on october 16!!!you totally mistaken my point... the monetary policy meeting on october 16, is a discussion about their cash rate decision 2 weeks before... which they lowered interest rate on october 2nd, the thing is... THIS MEETING also discusses about interest rate decisions in the future..... and they will most probably bring up talks of weak china growth to hampen Australian Economy.... if they start talking in those line... we can see a continued weakening of the Aussie Dollar....
Next Interest Rate decision doesnt happen officially until November 6th but im SURE they will discuss about November 6th THIS OCTOBER 16!!!
so KEEP your eyes out on the news and what they are talking about in October 16.i didnt say they will lower interest rate for sure on Monetary Policy Meeting Minute... But the discussions during the Monetary Policy Meeting and the contents discussed will give us a hint wether if we can expect a lowering of interest rate the next time interest rate decision occurs... which is in 3 months time....
I HAVE been trading fundies FIRST before i do my studies in techs so, probably not the best to argue with me on this....
Monetary Policy Minutes is a preliminary indicator for upcoming interest rate decisions... and wtever they discuss on October 16, IF they talk about China Easing and slow growth to hampen australian economy? or anywehre around that lines... YOU CAN bet your ass rate cuts are inevitable.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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