I think there´s still place for a move north. Targets are still intact there
http://i.imgur.com/mUZshzj.jpg
http://i.imgur.com/mUZshzj.jpg
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DislikedI think there´s still place for a move north. Targets are still intact there {image}Ignored
Disliked.....ADD: Retest of 9280 support is also possible as long as no negative US data emerges.Ignored
Disliked{quote} negative pending home sales has emerges, preparing a sideway channel againIgnored
DislikedHmm I wonder will we find support around here. Still like to see c.1.15 {image}Ignored
Disliked{quote} A speed bump would be nice. Once cleared and proven as new support, it would be a good place to add another position.Ignored
DislikedHmm I wonder will we find support around here. Still like to see c.1.15 {image}Ignored
DislikedWell, I nailed that USD Pending home sales much better than expected(-5.6%), however it was priced in with no further spike....? Perhaps the market fears China and what comes out of the RBA's mouth next? From a technical side, it appears more downside than upside with short term retracements upwards? The 5 min, hourly trending down, 4 hour in no man's land but below 50EMA which I am told confirms trend. However, the daily is the last piece of the puzzle which is below 200EMA and above 50EMA? Any clarification appreciated. Cheers! CazIgnored
DislikedHey Pip Trapper- I see you have a more tech experience than myself. I have two questions. 1) How does simple moving average(SMA) differ from exponential moving average(EMA) in terms of price action and trending? 2) Are you referring to the daily close of AUD market having a LH and LL to confirm downtrend? Please advise. Cheers! CazIgnored
DislikedBTW- I double checked my daily chart and inserted the 200SMA and I still have the close below both 200SMA & 200EMA?Ignored