Yep, only thing, my chart has a daily trendline although it is a rough one and maybe the Aussie is a safe haven, not too sure. Not at my desk, what was the gap up?

AUD/USD

I have the same problem, I have always found it difficult to see support and resistance except when it is a strong one. 2 things that I find help. A) zoom out on the daily and weekly and look for the clusters. B) most of the time I don't use them, ...

AUD/USD

I noticed earlier but had no time to comment as was heading out that a couple of pairs like the kiwi and usdchf have broken and closed outside of important weekly trendlines. The swissy has had strong popularity as an alternative safe haven this ...

AUD/USD

I apologise if it is my dollar index post that has caused confusion, but it is actually an inverse head n shoulders pattern on the dollar index. I just refer to it as a bullish or bearish head n shoulders, rather than saying inverse. Sorry.

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Personally, I see no reason for any significant rebound other than up to perhaps the 30 min or 1 hr 200ema. I don't see any reason for a stock rally when the debts of the very institutions who have been bailing out Europe are themselves being called ...

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I guess the reason why I would never leave a counter trend trade on over the weekend is that I very rarely counter trend trade. I keep my trading as simple as possible, (trading with the trend 90% of the time), as I find it very profitable and ...

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I agree, the Aussie is changing roles, however, there is also conflicting data coming out about china and we are experiencing the biggest retail slow down in 30 years or so. There is a big head n shoulders bull run on the dollar index brewing and ...

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And the chart

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Sorry, correct fibs here I believe, not much difference though.

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For Aussie bulls out there, I have attached some charts to consider. The weekly shows decent bearish MACD divergence with the Monthly MACD LINES crossing down. Drilling down to the daily, I see bearish normal divergence, followed by a simultaneous ...

AUD/USD

Honestly, and no disrespect intended, but that would be the last thing I would do. That's just me though.

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Just something I read I think on an interview with the man himself. He is a long term investor so no idea when the Aussie will turn. I have a feeling that when People realise that Europes woes are small in comparison to Americas debt burden, that's ...

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630 pips this week and 31.5% account growth, might take my wife to dinner.

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I mean 50 pips, thanks to the Euro and GU.

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Oh by the way, the Aussie may become a short term safe haven for many Euro and stock investors as we are more fiscally healthy, so I will be playing the GBP for now and leave this one alone for a while. If we get a 4 hr trendline break north ...

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Brother, that's the most sensible statement I have heard on the topic of forex for quite a while. People can and do lie ALL THE TIME. Personally, (and this is only a theory mind you) much of the time, fundamentals follow technicals, not the other ...

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Off to bed, the movie was much more fun than watching this paint dry

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Come on NY, bust a move honey.

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No, Aussie bonds are being purchased after Germany had a dud auction, but the lack of tails on these last 2 weekly candles, decent bearish weekly divergence, monthly MACD turned sharply down, is encouraging news that we will reach the weekly 38.2 ...

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That 55ema is working for us.

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