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Emm!! Bullish AudCad?

Discussion in 'Market Predictions and Reports' started by kasim ijelu, Sep 9, 2010.

  1. kasim ijelu

    kasim ijelu Private, 1st Class

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    I Like to use fundermentals to complement/comfirm my Technicals.

    while Wednesdays BoC decision is expected to produce a 25-bp rate hike to 1.00%. the RBA could well issue a cautiously positive assessment, that may give reason to anticipate 25-50-bps in tightening later this year. the news from the Cad sent the Audcad crashing on strong Cad news yesterday from 0.9605 to its weekly pivot support @ 0.9513...

    Economists surveyed by Dow Jones Newswires forecast Australia to have added 25,000 jobs in August.
    presently:Aussie has posted ok jobs data 09/09/10

    GMT Ccy Events Actual Consensus Previous Revised

    1:30 AUD Employment Change Aug 30.9K 25.0K 23.5K 25.0K
    1:30 AUD Unemployment Rate Aug 5.10% 5.20% 5.30%

    The news above sent the aud cad back up again capped at 0.9588

    ok now were up to date what can happen now???? heres my plan
     
  2. kasim ijelu

    kasim ijelu Private, 1st Class

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    Bullish Aud/CAD

    Finished my Daily PLan for the AudCAD
    hit me back tell me what you think?
    p.s Eur and oil ready for a down trend coming up soon
     

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  3. kasim ijelu

    kasim ijelu Private, 1st Class

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    Bullish Audcad

    New entry 0.9530 stop loss 0.9500
     
  4. kasim ijelu

    kasim ijelu Private, 1st Class

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    Bullish audcad

    2nd entry daily pivot 0.9445@ Hrly middle Bollinger bands low stochastics
     
  5. kasim ijelu

    kasim ijelu Private, 1st Class

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    AudCad

    Cancelling Audcad trade at break even waiting for futher development:)
     
  6. NWAJEI CHRISTIAN

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    @ what price
     
  7. kasim ijelu

    kasim ijelu Private, 1st Class

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    Hello And Good Morning

    I like to use fundermentals to confirm my technicals
    Price on the Audcad have fallen as predicated to the weekly pviot supoport from 0.95885 yesterdays highs to the weekly pviot suuport @ 0.9513
    orginally i beliveed we were in a ellilot minor wave 2 up which is still vaild however, the present consolidation of prices between the weekly pviot support @ 0.95137 and the daily Pivot resistance @ 0.9546 has not fully developed therefore i am un sure of what pattern might emerge
    i orginally thought it was an elliott complex wxy but y has not extended pass w.
    7:00am CA Employment Change 30.0K(E) -9.3K(P) 25K(S) 50M by henery Liu has been posted so stay tuned to his analysis this should set the tone for the direction of the trend development.
     

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