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DislikedI am looking at two levels (not targets). FIB 61.8 = 1.0233 and FIB 76.4 = 1.0183. Seems to me, the later has more weight of historic importance than the former. -IMHO-Ignored
DislikedThe former level 1.0233 may hold the downside/correction as it is the cloud top on the weekly chart and the bottom of the trendline drawn from May 27 low.Ignored
Dislikedso ur prediction or analysis is for price to fall towards 1.028? Nice. hope it get there . I am looking at 1.0375 for the next few hours if its really falling down.Ignored
Dislikeddoblece, you are great because you are the first one who really read my mind. I saw the same thing like yours. Hope you don't mind that I borrowed your chart and added a little bit flavor to the current retracement with a tiny red pen.Ignored
DislikedLOL! No problem, I borrowed yours first!
BTW thanks for a breather (and funnier too) Aussie thread.
Seems that 1.0220 also coincides with Aldente's Fibonacci fan (38.2% level on Daily). Although 1.0233 is indeed a safer target.Ignored
DislikedThe reason I value 1.0183 more than 1.0233 is based on the portion to the left of your chart.Ignored
DislikedCrikey, 8hrs and 6 pages
Hey Daddy Bear, I want to apologise for teasing your method of communication, I just thought you were doing your best to be aloof and I couldn't resist.
You have quite a following
Wish you all the best with your generosity and trading
take careIgnored
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Seems that 1.0220 also coincides with Aldente's Fibonacci fan (38.2% level on Daily). Although 1.0233 is indeed a safer target.Ignored
DislikedNice to "see" you here. You are always welcome whether you are a bull, a bear or something in between. Thanks bro.Ignored
DislikedHmm something like this?
I see 2 areas of confluence right now, the major 50% FIB and minor 61.8, and depending on time, possibly the 38.2 fan line. That would be right around 1.0220 and yes I would call that major support IF it got there. The other would be the major 61.8 FIB and minor 23.6 FIB, at around 1.0360.
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Dislikedhttp://www.asx.com.au/index.htm
Look at the trend of the S&P/ASX200.Ignored
DislikedSo, what is your take of Aussie's next move? Could you explain the trend of the S&P/ASX200? Thanks. -DB-Ignored
DislikedHmm something like this?
I see 2 areas of confluence right now, the major 50% FIB and minor 61.8, and depending on time, possibly the 38.2 fan line. That would be right around 1.0220 and yes I would call that major support IF it got there. The other would be the major 61.8 FIB and minor 23.6 FIB, at around 1.0360.
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DislikedHi DB, deep respects to you. I am a Business Analytics Forex Trader hence i will always put fundamentals as first place then combined with technicals.
Currently, S&P/ASX200 is always directly co-related to the AUD currency. Now its going down in deep speed.
We will see how it goes, seems like the fundamentals are respecting the technicals, or either way.Ignored
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DislikedMan, you are another fierce competitor of DaddyBear. Very good cartoon! I kept "Bearull" in my tool box and you publish it first. You really read my mind. Great!Ignored