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by Ashraf Laidi
Posted: Sep 6, 2010 15:40
Comments: 26
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This thread was started in response to the Hot-Chart:

AUDCAD Where to from here?

 
 
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Ashraf Laidi
London, UK
Posts: 0
14 years ago
Oct 5, 2010 19:22
WHIPSAWED GBPAUD

GBPAUD whipsaws violently, starting w/ 250-pip rally in 6 hrs following RBA decision, only to later lose 90% of these gains in 8 hrs. soaring gold and improved risk appetite on solid EU UK US PMIs/ISM have been the main reason. 4hr charts shows we could drop back to 1.6330s, but DAILY chart continues to show positive stochastics calling for renewed bounce to 1.6450 and 1.66. WATCH FOR THURSDAYs AUSSIE JOBS REPORT (See calendar and bookmark it http://bit.ly/5pdFAN ) will be crucial in determining the med term course for Aussie


Ashraf
chloethebull
Posted Anonymously
14 years ago
Oct 5, 2010 5:14
hi ashraf,i did not see ur forum post but i do now an i agree with u 100% rba hands where tied on this matter..no rate raise was ritten on the walls..now i gotta figure out the implications on cad an figure out my exit price..so far i dumped half position @1.0252 thinkn mayb dump rest @1.0280..do u see 1.0300+..ok thanks gl:)
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Oct 5, 2010 5:05
For those who just joined us, see my post below at 14:28 EDT why i did NOT see an RBA rate hike and more importantly, the trading implications for GBPAUD. I also, wrote a detailed IMT explaining why AUD would drop after the decision. There is still room in GBPAUD for now.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Oct 4, 2010 19:28
rim, have a look at my latest IMT on RBA and AUD. Im leaning against the market and see no rate hike, but even if they do raie rates, upside could be limited due to the way they phrase the language.

But GBPAUD is worth a look here. looking bullish. Double bottom & major daily candle means this is ready for take off. Will catalyst be RBA ?

Ashraf
rim
Turkey
Posts: 121
14 years ago
Oct 4, 2010 9:20
Dear Ashraf ,

Do you expect rate Hike on Aussii from RBA ? If yes then where will go AUD more ?

Thanks
said
mulhouse, France
Posts: 2822
14 years ago
Oct 1, 2010 21:00
i got it wrong ashraf on this one

congrats
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 20, 2010 23:37
chartvuze, pls see my tweet on AUD RBA minutes due in few hours and the BoC CPI for tomorrow.

@alaidi Those who ask abt $AUDCAD theres the RBA minutes in a few hrs & BoC CPI tmrow expected higher, so better play CAD vs weaker FX $$

@alaidi so better play CAD longs vs weaker FX such as GBP (hence short $GBPCAD play), NZD & even USD on dips but avoid exposur ahead of FOMC $$

Ashraf
chartvuze
salisbury, UK
Posted Anonymously
14 years ago
Sep 20, 2010 19:56
Hi Ashraf,forum

What your view on AUDCAD


FrankBrit
Frankfurt am Main, Germany
Posts: 73
14 years ago
Sep 16, 2010 0:23
I'm starting to build a position around 0.96 with an initial target of 0.945. Let's see ...
FrankBrit
Frankfurt am Main, Germany
Posts: 73
14 years ago
Sep 15, 2010 17:36
I kind of feel that there seems too be more and more evidence of a reversal building: daily BB (close above 1 Sep and likely failure to close above today even though a higher number), daily divergence on RSI / Momentum since about 26 Jul. Looks promising and the implications for other currencies should this happen are interesting too.
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