AUD.USD

[dumbass]

Yes, I'll have to check to see if there are any possibly irregularities on B waves. DB might assist.

hi guys , corrections are always bitches to count but it looks to me like a big B/2 wave.

without wanting to confuse here's how im counting it and maybe a top is in on this wave.

flat correction labelled wave W then X wave then Y wave zig zag.

A bit more simple TA indicates trend line break and looks like 77.28 is under pressure.

close to a short ?

Max is still picking a final leg higher !

[macduffy]

Interesting take on the AUD here.

http://www.kitco.com/ind/dorsch/jul222009.html

[peat]

Interesting take on the AUD here.

http://www.kitco.com/ind/dorsch/jul222009.html

respekt to the RBA
they made 20c, thats 2000 pips , on 3 bill.

[dumbass]

hi arco , saw your post on elliot thread .
try this as a possibilty one more wave higher into 85 -86 for completion.

[arco]

hi arco , saw your post on elliot thread .
try this as a possibility one more wave higher into 85 -86 for completion.

Thanks DB - the action seems to be on its last legs, ready for a nice fall.

arco

[dumbass]

hi arco , very interested to hear your comments on aud usd and cussie nzd.
post fed rally has created some nice bearish entrys with risk defined at recent highs but im still thinking one final rally.
nice count on eur usd 5 down and currently retracing in 3 waves
thanks paul

[arco]

hi arco , very interested to hear your comments on aud usd and cussie nzd.
post fed rally has created some nice bearish entrys with risk defined at recent highs but im still thinking one final rally.
nice count on eur usd 5 down and currently retracing in 3 waves
thanks paul

Hi Paul

I want to get on Aussie for a short once I see a little more confirmation, and it does look like the action is floundering now with a maximum high being in the grey box area (weekly chart) where multiple Kumo resistance lies. Chikou (green) could also be repulsed by the Kumo edge. Lying in wait ready to pounce.

I'll review Kiwi and put it on the NZD.USD thread

arco

.

[peat]

1 September 2009
Reserve Bank Board Meeting, Sydney
Outcome of Board Meeting (2.30 pm AEST)

thats 4:30 our time.

almost certainly no change.... but interest will be in the words.

[arco]

.

Could that be a Gartley lurking in the wings?

[arco]

I missed this short term bullish BF on the Aussie last night which was good for circa 150 pips.
I had earlier spotted a potential H&S formation (purple line) which turned out to be a bear trap.

Always pays to wait for more confirmation