here is a little B/S analysis that can be wrong......
1.3063 is todays open if you count the open at Tokyo
what we do know for 99.28% certainty is that price will close above or below open. 3390 days of trading statistics were taken for this assumption.
US equity markets closed bearish and RBA believes that AUD is overweight.... today's rate is expected to be cut by .25% to 3%. The only pairs that were bullish last trading session were the GBP and Euro.
http://finviz.com/fut_image.ashx?rel...01632965492500
the environment for today appears to be bearish from the net outflow of cash....... fiscal cliff risk still not resolved, being December managers are supposed to close books. So all in all it points to a downward bias on all risk currencies and an upward appreciation on USD.
anything above open I would take it as an opportunity to short, and take profit target will be 1.30. on the downside that stands at minus one standard deviations from open.
if I was to be wrong then 1.3120 would be the bullish target.
so i go on record as to say that 1.30 t/p (flexible t/p as 34% probability of closing within this target)
but since I cannot see the future nor the orderflow.... nor do I poses information about future orders.....I can be dead wrong.
1.3063 is todays open if you count the open at Tokyo
what we do know for 99.28% certainty is that price will close above or below open. 3390 days of trading statistics were taken for this assumption.
US equity markets closed bearish and RBA believes that AUD is overweight.... today's rate is expected to be cut by .25% to 3%. The only pairs that were bullish last trading session were the GBP and Euro.
http://finviz.com/fut_image.ashx?rel...01632965492500
the environment for today appears to be bearish from the net outflow of cash....... fiscal cliff risk still not resolved, being December managers are supposed to close books. So all in all it points to a downward bias on all risk currencies and an upward appreciation on USD.
anything above open I would take it as an opportunity to short, and take profit target will be 1.30. on the downside that stands at minus one standard deviations from open.
if I was to be wrong then 1.3120 would be the bullish target.
so i go on record as to say that 1.30 t/p (flexible t/p as 34% probability of closing within this target)
but since I cannot see the future nor the orderflow.... nor do I poses information about future orders.....I can be dead wrong.
AVT INVENIAM VIAM AVT FACIAM