Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Jul 28, 2010 15:55
Comments: 32
View Hot-Chart
This thread was started in response to the Hot-Chart:

GBP Getting Best of Down Under

 
 
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Carlco
bristol, UK
Posts: 151
14 years ago
Aug 27, 2010 13:44
looks like that fib level got breached on the way back down again.
Carlco
bristol, UK
Posts: 151
14 years ago
Aug 27, 2010 8:46
finally called something right! we went to 17360 and broke higher and now holding the previous resistance level 17450 , i have a fib level intersecting at 17430 in 2 days with the new support trend line , does anybody think we could push higher from here? gbpaud still in a wedge till 176/7 becomes new support which is atleast another week (im guesstimating)
anyone agree ?
Carlco
bristol, UK
Posts: 151
14 years ago
Aug 25, 2010 8:55
very interesting day today if gbpaud can hold 17350 as a support level i am of the view we are likely to break higher out of the top trendline resistance level thats been tested several times these past week or so.
Any views as ever greatly appreciated.
Carlco
bristol, UK
Posts: 151
14 years ago
Aug 23, 2010 10:52
actually more likely america carries on expanding its debts paranoid of the double dip, whilst gb carries on cutting its debt. australia looks likely to undergo a massive gov. funded $30bln broadband nationwide roll out AND plan on having a budget surplus! now that is au$ positive!
Carlco
bristol, UK
Posts: 151
14 years ago
Aug 23, 2010 10:46
i think what im trying to say is it's a LOT of pips to lose/win from the may low to the july high of the gbpaud. The trendlines seem to be converging in on or around 28-30th august, im just very excited about the potential break out of this pair, strangely looking at audusd does look like a short to me :) (i'm just thinking outloud here..more dollar weakness and pound strength ahead perhaps with commodities strengthening from renewed non oec / bric's nations??)
Carlco
UK
Posted Anonymously
14 years ago
Aug 23, 2010 10:26
exactly orange trader, hence a forum where posts could be edited would be nice :)
trying to keep posts concise always leaves the door open to lost in translation.
orange_trad
New York, New York, United States
Posts: 20
14 years ago
Aug 23, 2010 9:30
Carlco, do yourself a favor. Pull up a chart of AUDUSD hourly, EURAUD hourly, and then GBPAUD hourly. Also consider that given the hung parliament the aussie is UP... Does this picture make you want to short AUD now? The weeklies show that a big move is coming, but it could go either way. So wait until the weekly shows its hands until then trade shorter timeframes.
Carlco
bristol, UK
Posts: 151
14 years ago
Aug 22, 2010 18:35
trying to understand the gbpaud weekly chart , and you could say that a break higher is looking more likely with a hung gov.
Carlco
UK
Posted Anonymously
14 years ago
Aug 20, 2010 18:08
ive become more and more fascinated at gbpaud chart, although the weekly parabolic sar has turned bearish this week, (hasn't been bearish since feb.8th. ending may10th and gave 800pips) , this, even though the stochastic is a lot higher, im concerned at the lack of direction this past 2 weeks, 16250 has to be the floor right??
but remember the snap elections are tomorrow maybe thats whats caused the currency swing as julia gillard is planning her re-election, if she does win it looks like she'll be looking at tightening the fiscal budget after massive spending too. � anyone???
orange_trad
New York, New York, United States
Posts: 20
14 years ago
Aug 20, 2010 9:07
Scaled out at 1.75s, 1.753 resistance intact. Looking for shorts from here, dependent on GBPUSD: there will be no important news for GBP today, so renewed interest in selling it might help GBPAUD back down to 1.73 - 1.725.
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