If my EWP reading is correct, the next wave will send the Aussie above 1.0410 to 1.0420 at least. IMO
http://www.forexfactory.com/attachme...1&d=1354978659
http://www.forexfactory.com/attachme...1&d=1354978659
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DislikedInteresting movements today, especially the difference in scale of drop between AUD and NZD. As a strong AUD and NZD bear, heres what I can say:
-AUD rejected 4 times at 1.06, and 4 of last 6 monthly candles have touched there without breaking.
-Triple top on NZD weekly chart. Latest (this weeks) candle at time of writing is a strong turn away from that top.
-January monthly NZD candle is comfiring December pinbar. 4 more days until thats confirmed, but at this point, its a long way up.
All in all, I look forward to February and March.Ignored
Dislikedintra-day view, resistance @ 1.0410 support @ 1.035
AU M15:
Attachment
http://www.forexfactory.com/attachme...1&d=1359390261Ignored
DislikedThe issue is how strong it is. Can it hold up the Bulls? 1.0440 may be stronger IMO.
http://www.forexfactory.com/attachme...1&d=1359390261Ignored
DislikedWhen momentum is up, IMO the selling pressure is gaining the momentum and vice versa. Now I see the momentum is dropping, IMO the buying pressure is building up.Ignored
DislikedThe contract for 1.0360 is $96,50 each. The maximum is $100. There is no profit to make. By 1500 EST, my contract value may be $50 for example. I can close it and make $46 profit. If it goes down, I lose $3. You may have to visit Nadex website to understand what that market is.Ignored
DislikedWhen momentum is up, IMO the selling pressure is gaining the momentum and vice versa. Now I see the momentum is dropping, IMO the buying pressure is building up.Ignored