Comments on: AUD/USD Outlook – January 18-22 http://www.forexcrunch.com/audusd-outlook-january-18-22/ Forex Trading with a Personal Touch Sun, 12 Feb 2012 23:14:28 +0000 hourly 1 http://wordpress.org/?v= By: AUD/USD Outlook – January 25-29 | Forex Crunch http://www.forexcrunch.com/audusd-outlook-january-18-22/comment-page-1/#comment-21389 AUD/USD Outlook – January 25-29 | Forex Crunch Sat, 23 Jan 2010 18:50:47 +0000 http://www.forexcrunch.com/?p=5484#comment-21389 [...] week, and is now close to the important 0.8950 line. I’ve modified many of the lines from last week’s outlook. I’ve added one of the new lines with the help of Mohammed Isah of FXTechstrategy. [...] [...] week, and is now close to the important 0.8950 line. I’ve modified many of the lines from last week’s outlook. I’ve added one of the new lines with the help of Mohammed Isah of FXTechstrategy. [...]

]]> By: Yohay http://www.forexcrunch.com/audusd-outlook-january-18-22/comment-page-1/#comment-20833 Yohay Mon, 18 Jan 2010 11:19:53 +0000 http://www.forexcrunch.com/?p=5484#comment-20833 @Nick, thanks for your comment. I've also seen the double-top but the fundamentals seem too strong. @Patrick, thanks for your comment. Some traders do take your advice and focus solely on price action. I prefer to seek the causes and the stories behind the moves. @Nick, thanks for your comment. I’ve also seen the double-top but the fundamentals seem too strong.

@Patrick, thanks for your comment. Some traders do take your advice and focus solely on price action. I prefer to seek the causes and the stories behind the moves.

]]> By: Patrick http://www.forexcrunch.com/audusd-outlook-january-18-22/comment-page-1/#comment-20829 Patrick Mon, 18 Jan 2010 09:01:56 +0000 http://www.forexcrunch.com/?p=5484#comment-20829 Hey guys, Wow you really do spend a lot of time reading the news and trying to figure out where the price is going to end up. Do you trade from the news or do you trade from the charts? I want you to try this for a week, don't read anyone's analysis of where the market is going to be, and don't listen to the news. Focus on the charts and the price movement, us fib retracements, pivot points, support and resistance, and candlestick charts. You must know how to use these tools. You will experience less stress and more successful trades. Hey guys, Wow you really do spend a lot of time reading the news and trying to figure out where the price is going to end up. Do you trade from the news or do you trade from the charts? I want you to try this for a week, don’t read anyone’s analysis of where the market is going to be, and don’t listen to the news. Focus on the charts and the price movement, us fib retracements, pivot points, support and resistance, and candlestick charts. You must know how to use these tools.

You will experience less stress and more successful trades.

]]> By: Aud/Usd: Learning from my Mistakes : Casey Stubbs’ Blog http://www.forexcrunch.com/audusd-outlook-january-18-22/comment-page-1/#comment-20819 Aud/Usd: Learning from my Mistakes : Casey Stubbs’ Blog Sun, 17 Jan 2010 21:38:51 +0000 http://www.forexcrunch.com/?p=5484#comment-20819 [...] Read another Aud/Usd post from my friend Yohay here. [...] [...] Read another Aud/Usd post from my friend Yohay here. [...]

]]> By: Nick Kanger http://www.forexcrunch.com/audusd-outlook-january-18-22/comment-page-1/#comment-20802 Nick Kanger Sun, 17 Jan 2010 18:25:00 +0000 http://www.forexcrunch.com/?p=5484#comment-20802 Yohay, Whilst I'd like to agree with your post, and you and I are eternal global growth optimist longer term, and fundamentally the continued jobs and GDP growth of Australia continues to look rosy, there may be some hidden fly larvae in the its economic future. Here's a link with some interesting stats some of your readers may wish to view.http://www.digitaljournal.com/article/284509 Also, in spite of the last great employment numbers report, and economist's assumption that the RBA will raise rates again sooner than later, price struggled to break higher at the previous .9327 resistance. So now, we have a double top on the 4 hour, a potential right shoulder completion on the daily of an obvious head and shoulders pattern, and price at a major pivot on the weekly. Friday's profit-taking also took price down about 100 pips to a string of multiple support and a return to a previously formed inverse right shoulder on the 60. This latter level is what traders should be cautious of going into the next week as any more news out of China on credit tightening to cool that already overheated market, could spark yet another sudden unwinding of the carry trade and start turning in favor of the USD, albeit shorter term. If so, there's another pivot near .9170-50 where price should easily bounce. Friday's price action also leaves the pair precariously toying with a single line trend line break potential on the 4hr. Given that info, it may be prudent to be watching for a technical retracement first, before the pair gives us positive confirmation to trade back north.A re-capture of the .9300 would lend strength to a trend resumption north as well. Great trading to you. Yohay, Whilst I’d like to agree with your post, and you and I are eternal global growth optimist longer term, and fundamentally the continued jobs and GDP growth of Australia continues to look rosy, there may be some hidden fly larvae in the its economic future. Here’s a link with some interesting stats some of your readers may wish to view.http://www.digitaljournal.com/article/284509 Also, in spite of the last great employment numbers report, and economist’s assumption that the RBA will raise rates again sooner than later, price struggled to break higher at the previous .9327 resistance. So now, we have a double top on the 4 hour, a potential right shoulder completion on the daily of an obvious head and shoulders pattern, and price at a major pivot on the weekly. Friday’s profit-taking also took price down about 100 pips to a string of multiple support and a return to a previously formed inverse right shoulder on the 60. This latter level is what traders should be cautious of going into the next week as any more news out of China on credit tightening to cool that already overheated market, could spark yet another sudden unwinding of the carry trade and start turning in favor of the USD, albeit shorter term. If so, there’s another pivot near .9170-50 where price should easily bounce. Friday’s price action also leaves the pair precariously toying with a single line trend line break potential on the 4hr. Given that info, it may be prudent to be watching for a technical retracement first, before the pair gives us positive confirmation to trade back north.A re-capture of the .9300 would lend strength to a trend resumption north as well. Great trading to you.

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