Comments on: EUR/AUD: Testing highs from October 2011

By: RR

RR — Thu, 06 Jun 2013 04:52:05 +0000

Thanks Sean as always. cheers

By: Sean Lee

Sean Lee — Thu, 06 Jun 2013 03:12:43 +0000

Hi RR, trend is very strong so would not get in the way, we could see a 137/140 consolidation or something like that; I don’t think that it will retrace very deeply

By: Pete

Pete — Thu, 06 Jun 2013 02:57:48 +0000

Thanks Sean for your friendly advice. I an feel my position turning heavy now. I ll quickly try to get out of it. Regards, Pete.

By: RR

RR — Thu, 06 Jun 2013 02:55:46 +0000

I meant euraud rally

By: RR

RR — Thu, 06 Jun 2013 02:54:37 +0000

where do you see euraud this rally is capable driving it to? any chance of contrarian play there in coming days? also would appreciate if can hear your thoughts on AudChf. came almost 1000 pips off recent highs

By: Nachiket

Nachiket — Thu, 06 Jun 2013 02:40:56 +0000

Aussie wants that 0.94 now. 1.39 and more for eur/aud. that would be a capitulation point. I don’t think every tom dick and harry is shorting the aussie at the moment. when they do the aussie will rise. many people i know are playing counter trend rally on this one and getting burned

By: Sean Lee

Sean Lee — Thu, 06 Jun 2013 02:38:47 +0000

Well Pete, I’ll be blunt, I think you have the wrong position. Sure the 4-hr chart looks overbought but the longer term charts look v bullish to me. Looks like its headed for 142+

By: Pete

Pete — Thu, 06 Jun 2013 01:44:46 +0000

Thanking you so much, Sean for your precious time 🙂

By: Sean Lee

Sean Lee — Thu, 06 Jun 2013 01:23:39 +0000

But I will have a look at techs and get back to you later

By: Sean Lee

Sean Lee — Thu, 06 Jun 2013 01:23:07 +0000

Personally I wud not short euraud, too strong of an uptrend Pete. Someone else asked yesterday re EURCAD but I wud rather not guess or make something up; I really have no strong feel as I haven’t followed it closely

By: Pete

Pete — Thu, 06 Jun 2013 01:03:11 +0000

Good morning Sean, Big thanks for all your updates. I shorted EUR/CAD at 1.3550 in hope of about 500 pips fall. I think it looks too tired above my shorting level. I will appreciate if you have any suggestion please. Also, do you think it make some sense to short EUR/AUD at this stage or should we be more patient ? Regards, Pete.

By: Sean Lee

Sean Lee — Thu, 06 Jun 2013 01:02:21 +0000

Just gotta keep looking for these opportunities; wish I’d been more aggressive 🙁

By: Danny

Danny — Thu, 06 Jun 2013 00:33:44 +0000

hats off to you Sean on the eur/aud call.