FX £ - $ AUD This week
Feb 11th 2009, 11:01 am
#527
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Re: FX £ - $ AUD This week
Be odd when get to Oz and all money in $'s to not have this in my life!!!
Mind you I coud still keep watching to see if any profit to be made!!
Feb 11th 2009, 1:04 pm
#528
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Re: FX £ - $ AUD This week
I'm all for some good old TA taking over this chart! Is that the interactive charts off yahoo.com (USA) you have used? How do you get the lines on as all I can see on there are the standard TA indicater tools (Bollinger Bands, MACD etc)??
What is you next rate that the next cross over touch is on that bottom trend line, be very interesting if it hits that line and bounces! About 2.15 looking at the chart you posted???
Cheers
What is you next rate that the next cross over touch is on that bottom trend line, be very interesting if it hits that line and bounces! About 2.15 looking at the chart you posted???
Cheers
If my support line holds any water, the rate will bounce back up at $2.15-$2.16 but (and it's a big BUT!) if any significant fundamental drivers come into play, they'll upset the applecart... If not, it could head up to $2.30ish before correcting again... But in these crazy times, who knows!
I wish I could say I'll let it go once I'm in Oz in late April but still earning a living in £££ means I'll be watching the forex market like a hawk for years to come! Hopefully the peaks are more plentiful than the troughs!
Feb 11th 2009, 1:14 pm
#529
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Re: FX £ - $ AUD This week
Another (more flimsy!) take is that it's a wedge forming - could break out either way?!?
Thoughts!?
Thoughts!?
Feb 11th 2009, 6:15 pm
#530
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Re: FX £ - $ AUD This week
Another (more flimsy!) take is that it's a wedge forming - could break out either way?!?
Thoughts!?
http://www.rocketland.com/generic/Fo...t_11_02_09.jpg
Thoughts!?
http://www.rocketland.com/generic/Fo...t_11_02_09.jpg
It caused drops against the USD but as per one of my earlier posts the £/AUD seems to mirror image the AUD/USD chart and as the AUD has also lost against the USD this afternoon we have stayed fairly level against the AUD.
I want to play these ups and downs with some buying and selling but my last transfer at 2.33 so looking for more to send back so as to keep adding profit.
Feb 11th 2009, 11:55 pm
#531
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Re: FX £ - $ AUD This week
Aussie unemployement reduced by c1200 new jobs!!!!!
That took everybody by suprise, instant drop in rate 2.205 to 2.185 and now levelling.
Interesting to see what happens overnight now, off to bed so see what the morning brings!
On a positive note, at least employment opportunities better when we get to Oz even if exchange rate might not be brilliant!!
That took everybody by suprise, instant drop in rate 2.205 to 2.185 and now levelling.
Interesting to see what happens overnight now, off to bed so see what the morning brings!
On a positive note, at least employment opportunities better when we get to Oz even if exchange rate might not be brilliant!!
Last edited by MrCro; Feb 12th 2009 at 12:06 am.
Feb 12th 2009, 7:49 pm
#532
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: FX £ - $ AUD This week
Aussie unemployement reduced by c1200 new jobs!!!!!
That took everybody by suprise, instant drop in rate 2.205 to 2.185 and now levelling.
Interesting to see what happens overnight now, off to bed so see what the morning brings!
On a positive note, at least employment opportunities better when we get to Oz even if exchange rate might not be brilliant!!
That took everybody by suprise, instant drop in rate 2.205 to 2.185 and now levelling.
Interesting to see what happens overnight now, off to bed so see what the morning brings!
On a positive note, at least employment opportunities better when we get to Oz even if exchange rate might not be brilliant!!
http://uk.reuters.com/article/ukPoun...090212?sp=true
Also, from this article...
http://www.irishtimes.com/newspaper/...breaking44.htm
“People in the market are getting out of the pound,” said Geoffrey Yu, a currency strategist in London at UBS AG, the world’s second-biggest foreign-exchange trader.
Feb 12th 2009, 8:38 pm
#533
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Location: Oz
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Re: FX £ - $ AUD This week
Think we are moving towards: take all the toxic debt, put it in a special bank, print lots of money, pay it off. Start again. 
Feb 12th 2009, 9:03 pm
#534
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Location: Gold Coast (via Greenwich, UK)
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Re: FX £ - $ AUD This week
I hope they print a few notes with my name on 'em!!
Hey, I notice you're visa came through last month - giddy-up! Well done! A date in mind then?! We're booked to fly on April 27th!!! Wooo Hooooo!
Feb 12th 2009, 9:10 pm
#535
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Feb 12th 2009, 10:07 pm
#536
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Location: Oz
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Re: FX £ - $ AUD This week
Hyperinflation - now there's a whole new (Zimbabwean) thread.....!!
Twinset
Feb 15th 2009, 11:33 pm
#537
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Re: FX £ - $ AUD This week
For anyone who believes in Technical Analysis, there seems to be a channel forming!??!
My theory is that until there's another big fundamental driver, it'll be good old fashioned TA driving the chart (ie. human emotion). Especially since fundamentals such as interest rates, stimulus packages, failing banks with balance sheets 40 x GDP (yikes!) and the like seem to be having little or no effect any more.
Lets ee what happens when it hits that bottom trend line next...
The last such upward trend-line lasted about 3-4 months...
(May be wishful thinking on my part as I'm hoping against hope for a stronger ££!)
Thoughts?!?
http://www.rocketland.com/generic/chart.jpg
My theory is that until there's another big fundamental driver, it'll be good old fashioned TA driving the chart (ie. human emotion). Especially since fundamentals such as interest rates, stimulus packages, failing banks with balance sheets 40 x GDP (yikes!) and the like seem to be having little or no effect any more.
Lets ee what happens when it hits that bottom trend line next...
The last such upward trend-line lasted about 3-4 months...
(May be wishful thinking on my part as I'm hoping against hope for a stronger ££!)
Thoughts?!?
http://www.rocketland.com/generic/chart.jpg
Be interesting to see what has happened in the morning when I get up!
But if it goes below will that be another down channel?
Last edited by MrCro; Feb 15th 2009 at 11:45 pm. Reason: typo
Feb 15th 2009, 11:37 pm
#538
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Location: Gold Coast (via Greenwich, UK)
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Re: FX £ - $ AUD This week
you might just be right on this channel, the lower trend line has been challenged since trading opened tonight but seems to be meeting resistance and hopefully support to take it higher!
Be interesting to see what has happened in the morning when I get up!
But if it goes below will that be another down channel?
Be interesting to see what has happened in the morning when I get up!
But if it goes below will that be another down channel?
The next 24-48hrs could be interesting.....
Feb 15th 2009, 11:48 pm
#539
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Re: FX £ - $ AUD This week
Well now at 2.1795 which is right on the line I have added so here goes!!! Think I'll be a saddo and watch it for a while.
Japans GDP due today but not sure what time, forecst to be bad so that'll weaken A$ as they are 2nd largest export market after China! Fundementals I know but will help the TA!
Feb 15th 2009, 11:51 pm
#540
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Re: FX £ - $ AUD This week