Archive for December, 2009
Monthly Archive
Sunday, December 20th, 2009
AUD/USD – Small Long Term
A longer term pattern that may turn into a head and shoulders reversal on the AUD/USD currency swap.
Head of 0.940 to a neckline of 0.895 is about a 450 pips measure giving a target of 0.850 A stop could be placed at 0.9320 where a breach of the shoulders would invalidate the pattern, and honestly [...]
1 Comment » - Posted in Charts, Forex, Journal, Opinions by wdevauld
Tuesday, December 15th, 2009
Looking at AUD.USD ahead of RBA’s GDP numbers
We’ve been in and out of several positions on AUD/USD in the past couple of weeks. We slightly ahead in trading with a few excellent positions balancing out a few more that stopped out. Tonight the Reserve Bank of Australia is releasing its GDP numbers, and as a result we’re analyzing recent price action to [...]
