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FXman
(Massachusetts, United States)
   
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FXman
Massachusetts, United States
Posts: 5
15 years ago
Mar 4, 2010 2:56
In Thread: AUDNZD Looking for a Turn
AUSTRALIAN January trade balance narrowed and came in a tad better than market consensus at a deficit of A$1.176 bln seasonally adjusted vs f/c of a A$1.5 blb deficit. Total exports rose 1% to A$20.146 bln in January from A$19.868 in December while total imports fell 3% to A$21.323 bln in January from A$22.042 bln


does that mean more upward trend tomorrow, until a friday reversal?

FXman
Massachusetts, United States
Posts: 5
15 years ago
Mar 2, 2010 13:31
In Thread: AUDNZD Looking for a Turn
aud/nzd broke 1.2945.....do u see any further significant upward movement?...most indicators are for a reversal..
FXman
Massachusetts, United States
Posts: 5
15 years ago
Feb 27, 2010 22:51
In Thread: AUDNZD Looking for a Turn
Hello NewPip,

I might have misread what Ashraf said, but I assumed the second price, i.e. the lowest level that he specified :1.26 , to take effect sometime AFTER tuesday's meeting or anytime forward ( I am a total fx novice so my analysis is probably utterly flawed !! ).

In any case, here is what Ashraf said , regarding price points " we expect further declines to extent to wards a preliminary target of 1.2760 next week followed by 1.26. Any upside is seen limited at 1.2945 "
FXman
Massachusetts, United States
Posts: 5
15 years ago
Feb 27, 2010 20:08
In Thread: AUDNZD Looking for a Turn
Hello there, I am VERY new at trading currencies. I want to enter this trade , shorting AUD/NZD. From what I understood from Ashraf's analysis, that the price downside action won't start till tuesday. I am just wondering if i should enter the position (shorting) at 1.2814--most probably when market reopens, or can i perhaps wait it through monday, maybe price would shoot a bit higher...any feedback is greatly appreciated ! ( Sorry if this questions seems too much like a beginner's ! )
FXman
Massachusetts, United States
Posts: 5
15 years ago
Feb 27, 2010 3:44
In Thread: AUDNZD Looking for a Turn
Hello there ! I am still a newbie ! I was just wondering if a Negative Divergence signal happens very commonly, or not so often.

Thanks !
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