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rahulkghosh replied Sep 30, 2010Just a word of advice people. If we close below 1136 on the S&P we're in for the start of a decent downtrend to test 1000.
AUD/USD
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rahulkghosh replied Sep 30, 2010Could be a bearish engulfing on aussie today. Same with DOW and S&P and Gold. Last day of quarter. Good chance of trend change.
AUD/USD
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rahulkghosh replied Sep 29, 2010well i'd imagine a lot of people that are long will be looking to take profit a little bit before the record high.
AUD/USD
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rahulkghosh replied Sep 29, 2010There's also a ton of stops on the downside considering that practically all of the market is long AUD based on CFTC data.
AUD/USD
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rahulkghosh replied Sep 20, 2010Uh. I think the flag portion looks a little too big. But ya, 9475 is the critical resistance level. As long as we stay above 9400, ~9475 is going to keep being a magnet cause of the stops and options activity near that level.
AUD/USD
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rahulkghosh replied Sep 20, 2010Its on IFR. Just a warning. If 9475 gets busted this thing could go ballistic. Lotsa stops above that level. Lots of interest at 9475 option barrier.
AUD/USD
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rahulkghosh replied Sep 20, 2010Its on IFR. Just a warning. If 9475 gets busted this thing could go ballistic. Lotsa stops above that level.
AUD/USD
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rahulkghosh replied Sep 17, 2010Just because 9468 is strong resistance doesn't mean it cant go further today. But I'll have to agree that upside is very very limited for this pair from here. What the RBA does is on foreign exchange markets is of very little influence on this pair.
AUD/USD
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rahulkghosh replied Sep 17, 2010Be very wary. A reversal of rattling proportions is just down the road. Bullish sentiment in the market is higher than the April top. Bearish sentiment is lowest in over a year. This is one big bull trap taking place since July.
AUD/USD
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rahulkghosh replied Sep 15, 2010Yup. I've noticed it for a while. This manic rally since July is done with.
AUD/USD
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rahulkghosh replied Sep 14, 2010I guess this is the move that was supposed to take place in July 2008?
AUD/USD
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rahulkghosh replied Sep 14, 2010haha ya. i'm looking a dramatic drop soon though to retest March 2009 lows and go far below.
AUD/USD
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rahulkghosh replied Sep 10, 2010Fundamentally Australia is without a doubt the worst country in the G20 over the long-term. People always talks of Australia as being a commodity based economy. That's not true at all. The reality is that only 10% of their GDP is based on mining ...
AUD/USD