it may bounce of 590 an back up, but who knows, the CB report was good...
- #42,042
- Mar 19, 2012 4:44pm Mar 19, 2012 4:44pm
Are we on pause, waiting the Monetary Policy Statement?
Dailys starting to form a doji with about 8 hours to go before the end of session, would like to see 65o reached before then, ATM rally is stalling.
- #42,049
- Mar 19, 2012 6:46pm Mar 19, 2012 6:46pm
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #42,051
- Mar 19, 2012 7:14pm Mar 19, 2012 7:14pm
- Joined May 2010 | Status: Trader | 2,693 Posts
Hi All,
USD lite fx index 240 Hr TF and AUD lite fx index...
AUDUSD going down ......
Cheers
USD lite fx index 240 Hr TF and AUD lite fx index...
AUDUSD going down ......
Cheers
- #42,053
- Mar 19, 2012 7:19pm Mar 19, 2012 7:19pm
Why suddenly AU is dropping? Testing at 1.0550?
Ouch!!
From 4CAST:
"Further signs of China slowing? BHP Billiton's Ian Ashby said China iron ore growth demand flattening, and demand growth to fall. Iron ore demand growth falling into single digit. Sees current iron ore floor price at $120 per tonne. China annual steel production rising to 1.1billion tonnes fby 2025 from around 690m tonnes now.
On FX, AUD/USD dropped sharply to 1.0593 lows from 1.0620-25 on BHP comments - signalling less demand for Australia's iron ore exports/ commodities and on concerns over signs of further slowing in China. AUD/USD eye break of 1.0580/50 stoploss, on BHP commments, as China is Australia's largest trading partner. Offers at 1.0630-50. AUD/JPY lower at 88.40-45, stops below 88.20/88.00."
Expect the unexpected.
- #42,056
- Mar 19, 2012 8:03pm Mar 19, 2012 8:03pm
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #42,057
- Mar 19, 2012 8:04pm Mar 19, 2012 8:04pm
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #42,058
- Mar 19, 2012 8:16pm Mar 19, 2012 8:16pm
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
This level is too tempting not to go long for me,
fib 62 and fib 38 from last week's low and friday's low to yesterday's high
plus a badly drawn chart to justify
can any elliott wave chartist correct me? according to what i read, wave 4 can never be within the same price area as wave 1. based on my chart, im not too sure if that requirement was met
fib 62 and fib 38 from last week's low and friday's low to yesterday's high
plus a badly drawn chart to justify
can any elliott wave chartist correct me? according to what i read, wave 4 can never be within the same price area as wave 1. based on my chart, im not too sure if that requirement was met
