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It’s just a few hours away before the announcement of key interest rates from Reserve Bank of Australia (RBA) for AUD. All technicals seem to be pointing a bear for the AUD.

AUD/ USD 4 Hour Chart

200 EMA/SMA is right at the bottom with a trendline which looks very vulnerable to break. MACD/ Stochastics is looking and waiting for the decisive moment to crossover as well.

Read the full post of Technical Trade - A Hawkish AUD Ahead of AUD/USD

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US Dollar’s the big winner after the announcement cut apart from a few pairs which gained back its own momentum (like USDCAD)

Let’s see the few big movements.

GBPUSD

2.0516 to 2.0334 = 182 pips move

AUDUSD

0.8897 to 0.8711 = 186 pips move

USDJPY

110.76 to 110.46 = 130 pips move

Read the full post of Aftermath of December Interest Rate Cut (At 25 Pts)

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Hello,

Here are my thoughts for today. No explanations or charts this time, just simple ’signals’.

AUD/USD (0.8915)

Trend: Downward

Take profit target at 0.8775

Stop loss (and reverse position) at 0.8990

GBP/USD (2.0442)

Trend: Uptrend

Take profit target at 2.0600

Stop loss (and reverse position) at 2.0370

Regards,
Dan
Life Holdings Management

Read the full post of Dan’s Forex Market View - 19 Oct 2007

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I’m short at 0.8891 at the moment for AUDUSD, now let’s take a quick peek.

Its good for a short now, but it might just be a little retracement as the whole main trend is still on the upside.

Target Profit: 0.8813
Stoploss: +10 pips locked, 0.8881

Moments I have this posted, it got stopped out LOL. +10 pips.

Read the full post of Technicals - Shorting Aussie For the Moment

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