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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
Callum
Singapore, Singapore
Posts: 179
15 years ago
Mar 25, 2010 21:40
@Pipster - the final hour of SPX and DJI were joyous! Volumes are back and it was down. I don't know as yet whether this is enough to trigger off the sell-off, I am *hoping* this could provide relief to existing shorts on JPY crosses, at least perhaps enough to book some small profits. ASX 200 futures already in -ve territory. Should be helping your AUDJPY short ;-)
Pipster
birmingham, UK
Posted Anonymously
15 years ago
Mar 25, 2010 20:03
Callum, again helping me out. Thankyou. Man you know high to digest the fundamentals with the technicals. I'm working on it slowly. I guess we are all learning and collectively we are better.

Callum
Singapore
Posted Anonymously
15 years ago
Mar 25, 2010 19:43
@Pipster - there's more RBA speech Aust morning and some minor economic data. RBA Governor may come a hawkish - let's see. Also, ASX 200 open is now likely to mimick the DJI rally and try and force itself to go above 5,000.

This could possibly push JPY lower, thus driving AUDJPY higher?? Even AUDUSD seems to have held itself up relatively well vs. EUR or GBP.

Looking at other JPY crosses for clues:
1.

* NZDJPY closed above 38.2% fib between 2007 high and 2009 low.
* NZDJPY broke the 61.8% fib between the Jan high and Feb low. Will it close above it today or this week?

2. CADJPY - let's see where it closes, but looks pretty strong for now.

3. Gold - I have read Ashraf's latest IMT on Gold. This might drive AUD lower but AUDJPY??

I am anxious to get Ashraf and others view on possible target (intermediate / short-term) on USDJPY and JPY crosses.

Pipster
birmingham, UK
Posted Anonymously
15 years ago
Mar 25, 2010 18:45
Guys,

Can someone give me the heads up on Aud/Jpy. Any Fundamentals or Tech analysis would help me out alot . I've shorted this pair at 84.24, as i'm thinking it may fall back.

Thanks
Pipster
birmingham, UK
Posted Anonymously
15 years ago
Mar 25, 2010 18:42
letisha,

Good job on finding a possible H&S. I've just come back and looking the pair it began to fall. I've never traded crosses so was hesistant. I will wait for the neckline to break
Letisha
St. Catherine, Jamaica
Posts: 156
15 years ago
Mar 25, 2010 14:21
Here's the chart with the NZDUSD with the H&S in the making....I thought I'd be able to upload my own chart...and the pattern is clearer on a 4H rather than this 5H...but u're able to make some semblance of it none the less
samof
Beijing, China
Posted Anonymously
15 years ago
Mar 25, 2010 14:12
But Austratian maybe raise rate, at the same time gold maybe get downside.
samof
Beijing, China
Posted Anonymously
15 years ago
Mar 25, 2010 14:10
Therefore, AUD/USD maybe get much downside!
samof
Beijing, China
Posted Anonymously
15 years ago
Mar 25, 2010 14:08
Weekly Chart, Daily Chart has the same shape.

Letisha
St. Catherine, Jamaica
Posts: 156
15 years ago
Mar 25, 2010 14:04
Perfect H&S in the making for NZDUSD...Right shouldler in the making....Does anyone else see this?