Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Dec 2, 2009 21:33
Comments: 475
View Hot-Chart
This thread was started in response to the Hot-Chart:

Aussie Dressed up but where to Go?

 
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FrankBrit
Germany
Posted Anonymously
14 years ago
Jan 22, 2010 15:52
I must say I'm feeling something queasy in my stomach a bit like mid 2008 - a shifting of the sands which was happening gently over the last months - since September perhaps - has suddenly accelerated - could be time for another of your stimulating articles Ashraf?
FrankBrit
Frankfurt am Main, Germany
Posts: 73
14 years ago
Jan 22, 2010 15:42
AUD/JPY kind of looks like a flag might be playing out not ready for a drop to the 79 mark - will that be the right neckline or will it keep on going ... ? Will AUD go the same way as summer 2008 and go to the dogs or will any drop be limited by it's high yield status? Can it maintain the high yield? Will China/Asia be able to maintain enough recovery impetus to keep demand going for the AUD? Will inflation/fiat currency worries support metals and the AUD? My crystal ball is very murky at the moment for how things will go for AUD/JPY or AUD/USD over the next weeks ... But something's happening that's for sure ... Any thoughts anyone?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 21, 2010 23:37
Frank, i think EW can be very helpful but i dont really use it in detail. AUDJPY weekly actually looks like it has more legs downwards. daily H&S? we have to retest 82 then? and thats very viable

Asad, many thanks. The Shorty Awards race is still going for a few more weeks.

Ashraf
asad
London, UK
Posted Anonymously
14 years ago
Jan 21, 2010 21:36
Ashraf,

My heartiest wishes & congrats for successfully completing one year on this Forum. (I wanted to send you a card at CMC...but unfortunately, I had been away).

And what can I say that hasn't been said before you & this Forum...so I'll just say a simple 'thanks' (& the rest, ofcourse, you know...in what sight I hold you).

God Bless & keep the good work going... :)


Asad
FrankBrit
Frankfurt am Main, Germany
Posts: 73
14 years ago
Jan 21, 2010 20:00
Thanks for sharing your thoughts Ashraf - very kind - I'm always impressed how you get involved with the forum and show great patience too. I think EW does have some value but one can't be dogmatic about it - just keep it as (yet) another factor to consider. AUD/JPY on the weeklies looks stretched but doesn't look as though it's quite turned yet - I'm wondering if there's potential for a H&S sometime mid/end Feb on the dailies (possible LS and H partly formed now ...?) ... One more thing to monitor ...
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 21, 2010 19:30
Franck, i dont really use waves for my analysis.

heres what i said on Twitter at 17:45 and RETWEETED it at 18:45

"Keep things in perspctv: JPY still best perf currency YTD, followed by AUD & GBP; > $AUDJPY downside ahead towards 80.60 #forex $$"

AUDJPY was at 81.60-90 when i wrote that. Now it is at 81.55. so yes i still see it lower to 80.80-60

we shall see

Ashraf
FrankBrit
Germany
Posted Anonymously
14 years ago
Jan 21, 2010 19:27
Dear Ashraf,

AUD/JPY - is this the start of the fifth wave on the monthlies? What kind of price level might it finish at in your view? Will this coincide with the next big downward move on the stockmarkets a la 2008?

Big questions I know, but always interested to hear your thoughts as IMO you have a very interesting broad holistic approach to your analysis.

Thanks for your generosity and very best regards.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 21, 2010 17:28
usd/jpy down lost 170 pips in 90 minutes. Wow!
Letisha
St. Catherine, Jamaica
Posts: 156
14 years ago
Jan 21, 2010 17:00
Thanks Ashraf for the call on AUDJPY...Just locked in 120 pips still have half position on the table...want to ride the trend til it ends...thx for the hard work...sometimes we get distracted by all the noise from others....
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 21, 2010 16:14
Congrats everyone !. thats what i like to hear... and if you followed my tweets youd have knownm about that CAD-negative BOC report when it hit the market at 15:30 GMT


Ashraf
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