Comments on: AUD: Bearish momentum picking up https://fxww.com/aud-bearish-momentum-picking-up/ The Professional Source Wed, 03 Oct 2012 06:24:56 +0000 hourly 1 By: DH https://fxww.com/aud-bearish-momentum-picking-up/#comment-811 Wed, 03 Oct 2012 06:24:56 +0000 http://fxww.dreamhosters.com/?p=1007#comment-811 had a couple of sessions but have to wait till november for main stuff; away in paris for 2 weeks from 20th.someone’s got to do it ! got a good chance to add to my AUDNZD yesterday..went down well to get me in below 1.2400…will watch that and obv am happy with GBPAUD….like EURAUD it’s broken through as I had mentioned and have raised stop to b/e. I am still long USDJPY (with the world ?), GBPJPY and EURCHF…..think the SNB and BOJ will get their way and feel we may see next legs this month

]]> By: Sean Lee https://fxww.com/aud-bearish-momentum-picking-up/#comment-809 Wed, 03 Oct 2012 06:04:15 +0000 http://fxww.dreamhosters.com/?p=1007#comment-809 Thanks Iridium, thoughtful and in-depth analysis is much appreciated

]]> By: Sean Lee https://fxww.com/aud-bearish-momentum-picking-up/#comment-808 Wed, 03 Oct 2012 06:02:52 +0000 http://fxww.dreamhosters.com/?p=1007#comment-808 Morning Dave, no dentist today??

]]> By: DH https://fxww.com/aud-bearish-momentum-picking-up/#comment-805 Wed, 03 Oct 2012 04:59:41 +0000 http://fxww.dreamhosters.com/?p=1007#comment-805 or GBP ๐Ÿ˜‰ ….response to your last line….

g’day….

]]> By: Iridium https://fxww.com/aud-bearish-momentum-picking-up/#comment-804 Wed, 03 Oct 2012 04:52:54 +0000 http://fxww.dreamhosters.com/?p=1007#comment-804 Good morning Sean and all traders reading this,

Regarding EURUSD, yesterday my long did work towards 1.295 as I expected.
Today, the market seems to be turning around.

On the link below is my wave analysis.
http://imageshack.us/a/img703/7348/eurusdh.gif

If we break the 1.289-1.288 level, I would say that it would be a strong signal that we have finished the correction within the correction and that we have started another leg down toward 1.27x at least.

Note how well the 38.2% retracement from the top to the last bottom held at around 1.2945 yesterday. This will be my pivot point on the upside.

I would therefore caution buying EURAUD today since I doubt the AUDUSD will fall much faster than EURUSD given all the fall that happened yesterday and tonight.

]]> By: Jones https://fxww.com/aud-bearish-momentum-picking-up/#comment-798 Wed, 03 Oct 2012 03:57:24 +0000 http://fxww.dreamhosters.com/?p=1007#comment-798 In reply to Nachiket.

I think the aussie will touch around 1.017 before jumping back to about 1.032. More demand seems to gather around 1.017.

]]> By: Nachiket https://fxww.com/aud-bearish-momentum-picking-up/#comment-797 Wed, 03 Oct 2012 03:04:27 +0000 http://fxww.dreamhosters.com/?p=1007#comment-797 aussie is oversold. no doubt about that. there is no way rba are going to cut rates further. i am buyer in the aussie now. bought aud/usd @1.0225

]]> By: Sean Lee https://fxww.com/aud-bearish-momentum-picking-up/#comment-795 Wed, 03 Oct 2012 02:24:58 +0000 http://fxww.dreamhosters.com/?p=1007#comment-795 Not for me Jason, too much risk of a pullback. I’ll take my chances and wait for a dip ๐Ÿ™‚

]]> By: Jason Jin https://fxww.com/aud-bearish-momentum-picking-up/#comment-794 Wed, 03 Oct 2012 02:18:54 +0000 http://fxww.dreamhosters.com/?p=1007#comment-794 I see… very tempting to go long on EUR/AUD now ๐Ÿ™‚

]]> By: Jones https://fxww.com/aud-bearish-momentum-picking-up/#comment-793 Wed, 03 Oct 2012 01:59:49 +0000 http://fxww.dreamhosters.com/?p=1007#comment-793 Around 1.28100 looks like a good buy for EUR/USD.

]]> By: Sean Lee https://fxww.com/aud-bearish-momentum-picking-up/#comment-791 Wed, 03 Oct 2012 01:55:24 +0000 http://fxww.dreamhosters.com/?p=1007#comment-791 No Jason, I think EUR/AUD goes up so when AUD/USD stops falling then buy EUR/USD

]]> By: Jason Jin https://fxww.com/aud-bearish-momentum-picking-up/#comment-790 Wed, 03 Oct 2012 01:54:00 +0000 http://fxww.dreamhosters.com/?p=1007#comment-790 Sean, you mean when AUD/USD bottoms out, thatโ€™s the time to “sell” EUR/USD maybe?

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