Thread: Discuss the AUD/USD, NZD/USD , USD/CAD and more

Originally Posted by jbiggart

trying a little kiwi/us short at 955, 12 pt stop, 20 pt tp

not looking promising so far, closing in the unlikely event it falls to 943

Originally Posted by jbiggart

trying a little kiwi/us short at 955, 12 pt stop, 20 pt tp

rubbish - out for small loss

Hello Traders! I hope you have had a great weekend. Exciting developments unfolding in the Eurozone are making ripples in currencies around the world. Equities and risk have recovered after the Greek and French elections and retail traders are jumping on the commodity currencies. This may be a bearish indication of more losses in these commodity block currencies versus the US dollar.

Be careful traders as NZD/USD, AUD/USD, and USD/CAD have moved substantially already, so look for a counter trend reversal to finish before picking your entries. This means look for technical entries at significant levels of support or resistance before jumping into any SSI set up.

Here is the Speculative Sentiment summary:

USDCAD - The ratio of long to short positions in the USDCAD stands at 1.17 as nearly 54% of traders are long. Yesterday, the ratio was at 1.22 as 55% of open positions were long. In detail, long positions are 2.4% lower than yesterday and 41.4% weaker since last week. Short positions are 1.6% higher than yesterday and 65.1% stronger since last week. Open interest is 0.6% weaker than yesterday and 8.6% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.87 as nearly 65% of traders are long. Yesterday, the ratio was at 3.27 as 77% of open positions were long. In detail, long positions are 11.6% lower than yesterday and 53.8% stronger since last week. Short positions are 54.4% higher than yesterday and 33.2% weaker since last week. Open interest is 3.9% stronger than yesterday and 2.6% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.


NZDUSD - The ratio of long to short positions in the NZDUSD stands at 3.19 as nearly 76% of traders are long. Yesterday, the ratio was at 3.07 as 75% of open positions were long. In detail, long positions are 3.7% higher than yesterday and 119.7% stronger since last week. Short positions are 0.3% lower than yesterday and 25.1% weaker since last week. Open interest is 2.7% stronger than yesterday and 38.5% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

Hi everybody, Trying out a long position after triangle breakout + price above 0200

Targeting 0267 wich is a resistance zone

DailyFX Calendar of Economic Events for Week of 5/6/2012

Hello Traders! What a difference a few hours make as the US equity open sparked a dramatic turnaround in the European stocks and risk appetite currencies.

With a docket full of economic news this week, look for more trading opportunities as the market prices these events.

Originally Posted by Ikee

Next major support at 0.9980. Break that & the ultimate target is 0.9398......

Consider this alternate: your 2 could be minor IV of the big fall, last Friday's drop could be V, so we are starting major 2 up (700 ?).

I´m still holding this long position but price is resting on the 0.618 fibo level and has been for a few hours. My thought here is
tightrn my stop below 50% and wait.

Originally Posted by Gnarly

Hi everybody, Trying out a long position after triangle breakout + price above 0200

Targeting 0267 wich is a resistance zone

Closed my lon for -7 pips and shorted on fibonacci entry

Originally Posted by mrbandwidth

Consider this alternate: your 2 could be minor IV of the big fall, last Friday's drop could be V, so we are starting major 2 up (700 ?).

Maybe, maybe. But I think not.

Originally Posted by Ikee

Next major support at 0.9980. Break that & the ultimate target is 0.9398......

0.9988 also is resistance good to short usd/cad against like on monday and the week before last (double top?)...

Originally Posted by SkiBunny

Short USD/CAD ..... 0.9988

Originally Posted by Ikee

I would like to add the Euro to Skibunny's list.

yeahbut adding a 3rd currency (Euro) means 8 choices in the poll; adding a 4th (nzd) means 16 choices, etc…

AUD/USD looks ready to decline in line with the Euro.

Originally Posted by SkiBunny

yeahbut adding a 3rd currency (Euro) means 8 choices in the poll; adding a 4th (nzd) means 16 choices, etc…

The more the merrier. Be bwave lil' wabbit. be bwave.Lol......

well the sun is out, the birds are singing and i have been making pips this morning. spring has definitely sprung

thats another 11 pips - the aussy's being good too me today