Raining pips April edition

Agree..

I think even more that risk drives the AU, as market risk equals commodity speculation equals a rise for the AU.

NZD data coming

Canadian Dollar hits parity with US Dollar.. analysts believe the CAD will continue the surge for a while and go as low as 0.9500..... Nevertheless, I've seen this before, a few years ago in 2008.. and I am fucking SALIVATING!  There is no way the Canadian Dollar will be able to stay on par with the USD.  Guys, watch this close, very close.. once the CAD starts falling against the USD, the sucker will keep on going.. we are talking about a shitload of pips here...

This will be a LONG term investment, not short day trading.. very long.. but I will wait and I am gonna cash this opportunity to the bank!  May have to wait a few months perhaps, but it will come.  Keep an eye out on Canadian export numbers, only a matter of time before the high CAD takes it's toll there and exports to the US starts plummeting.. that's when we go long on the USD/CAD.

Ive seen some folks saying 95 isnt out of the question here....ive been watching and waiting to jump in...i really thought after the last few data releases that this pair would be down to 98...seem to be some strong ass support here..

Im a bot late to the party here...flipping my sched around is killing me...im up and i got to work in 5hrs..i like a few pairs shrt...JPY,EU....gonna scan my charts

EU filling that gap...nothing like getting up to see +90 pips...i actually choose the right one this time...

Data at 830...this will move the market

jobless claims worse than expected....rally the market US in great shape

Nothing like supporting the markets every day huh?

Ice, I agree about the Loonie, if she dipped below 95 cents I would go long and not feel too worried barring a move to 13k on the markets. The CDN is up due to the commodity speculation rise..if the markets ever cool off the Loonie will too since commodities will and that leads the AU and the CDN.

You been trading Wall or you just waiting out LB/JPY?

Im shrt EU/$ again...also shrt AUD...1.3778 and 9244 were my entry prices...about to dump AUD

EU trying hard to close below 200MA on the 4hr....13549...

I added a lot short at 145, moving the average up a fleck.

The markets have been extremely muted the last few days and I think the moves are 100% risk on..

I tried to short the EU over 1.37 and missed it a few times by like 15 pips..thought it would hit so I let it ride and no luck.

US.Yen might make it to my 91 buck target, then I would go long there...

Trend line from 3/3 and 3/22 showing some support for the pair around 9236ish...i almost went shrt this pair today...was also looking over GBP and went with EU instead....turned out to be a mistake...

 

Wall any thoughts on AUD here?Looks like it could try for a move to 9280s...support in that range in the 100 MA on 2hr

Gold about to close below its 20@40 MA on the 2hr

Gold closed below its 20 and right on the 40 MA....next target 100MA...1150.33

Hey Wall any thought as to using EMAs or SMAs?

Where you at now average wise on Geppy Wall?

Drawing lines on a daily chart Wall you could make a case for JPY to fall down as far as 89.60...

 

buck,

SMA's usually.

Regarding the AU, it surely is teetering on that moving average right here.

Aside from all that, what is controlling these pairs are any political issues and the USM, if the USM is up then the risk trade is on, if there is weakness than it is off.

I would say that the AU is prone for a drop though since it is so close to extended highs..and like you say it feels heavy to me honestly.

On a weekly chart it looks like crap honestly.

Its been on a downtrend since the summer of 09 with lower highs and lower lows.

The moving average on a week chart looks like 91...

https://img38.imageshack.us/i/jpy.gif/

So what do you think of that quick spike low in Dec?

It looks like it is really skewing the trendlines since it wasnt confirmed or retested.

Look at a weekly chart..the moving average right now is around the 91 area. I would feel ok going long in that 91 area..

 AUD...came down almost to the pip...low 9284....i had targeted 9286

Yeah I can see drawing a line touching the low on the 26th and the 13th, it stopped right there and turned around.

Was there a news event that day?Who knows what that could be...unless i see big news event i just trade the chart...and for the last 180 days JPY traded a nice channel and just recently tried to break the top...now the pair just looks like crap...but i dont care if i see a cross and the price closing around MAs im in...

i know the USM controls price action here and the old correlation was USM up =$ down but the USD has made a move higher while this RECOVERY and stimulus bubble gets bigger...

Im kicking myself for not selling GBP...look at that chart Wall shes trying to close below the @) MA 15414 on the 4hr but they been pushing hard up the last 20-30 mins...this should open the door to 15360...and you might be able to target 15345 i got that as one of the bottom trend lines if you stay in for a close below that ...again though they have pushed it back up over 20 pips here...this candle closes in 22 mins on the 4hr

That would also bring a DI cross too

 

https://img710.imageshack.us/img710/5984/gbpw.gif

current reading of 20 MA 15426...on the 4hr....9 mins

I hope i dont regret jumping out of AUD....a big correction for the pair could see a dip to 9150s...not tonight but still