Vladimir's Thoughts

My thoughts on the FX markets as and when it comes...

EURAUD appears to have broken out of a multi year channel which started from 2001. Look for opportunities to buy this pair holding long term.

EURCAD monthly chart also shows a breakout from a downward sloping channel. Zoom in on weekly chart next to see something interesting setting up...

Zoom in on the retracement on the monthly chart back to the top of the channel and what we have is the weekly chart shown here. On the weekly charts, it looks like the retracement back to top of the monthly channel is a classic 4th wave ABC correction which will be followed by a rally.

An experiment 2 month back to see if i can do a Larry Williams, what you see is the good part ... let's just say i ran 1000USD to over 35000USD in one month (over 3500% a month). What happened after i shall not mention

Let's see how it goes...