Comments on: AUD/USD: Local hedge fund sells above 1.0390 https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/ The Professional Source Tue, 19 Mar 2013 04:46:09 +0000 hourly 1 By: Nachiket https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18112 Tue, 19 Mar 2013 04:46:09 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18112 well you may or may not be right. I too have a chart which shows that they were inversely proportional on 27 out of the 45 days in the last 2 months and going by the history I see a inverse correlation again

]]> By: ExpatWatcher https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18110 Tue, 19 Mar 2013 04:31:34 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18110 @Nachiket …. not always so mate. AUD is a sentiment and flow currency – overlay USYN and AUUS on many timescales and quite often they march in the same direction – partic during asian hours. Also – there are no fools when it comes to sharing thgts on currencies – don’t be obnoxious

]]> By: Jordan https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18109 Tue, 19 Mar 2013 04:31:17 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18109 In reply to Nachiket.

well, you said “rise in usd/jpy is inversely proportional to aud/usd” which is not. There’s no need for math for what you said. Here is the chart.
http://i.imgur.com/4UrvF7R.png

]]> By: ExpatWatcher https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18107 Tue, 19 Mar 2013 04:25:13 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18107 Bearish AUD as well … I think the fibo at 1.0415 seems to be capping and market disinclined to try to break at moment. AUD crosses (GBP, NZD, EUR even JPY) all at or near turning points possibly in terms of ranges no specific levels

]]> By: Nachiket https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18104 Tue, 19 Mar 2013 04:20:32 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18104 there is no point talking with people who don’t understand mathematics. fool aud/jpy is calculated by multiplying aud/usd and usd/jpy. usd/jpy is the main component in aud/jpy not aud/usd. so if that rallies aud/jpy rallies

]]> By: Jordan https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18103 Tue, 19 Mar 2013 04:18:56 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18103 If usd/jpy and aud/usd were inversely propotional, AUD/JPY would never rally.

]]> By: Nachiket https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18100 Tue, 19 Mar 2013 04:05:46 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18100 bearish on the aussie. see 1.0250 in coming days. sold @1.0384. rise in usd/jpy is inversely proportional to aud/usd. don’t see any reason to change that view

]]> By: ExpatWatcher https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18091 Tue, 19 Mar 2013 03:32:21 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18091 you could also see a SHS on the same 4 hour chart with neckline at 1.0350 which targets 1.0280 …. the right shoulder taking a while to shape

]]> By: Jordan https://fxww.com/audusd-local-hedge-fund-sells-above-1-0390/#comment-18085 Tue, 19 Mar 2013 02:27:44 +0000 http://fxww.dreamhosters.com/?p=6417#comment-18085 It seems to me Inverse H&S on 4 hour chart is targeting at least 1.045

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