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by Ashraf Laidi
Posted: Sep 6, 2010 15:40
Comments: 26
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This thread was started in response to the Hot-Chart:

AUDCAD Where to from here?

 
123
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 14, 2010 22:46
CAD has rallied against all currencies except for AUD. And i have made the poor decision of chosing CAD vs AUD. While i always said buy against the weakest, the upside surprises in China and Australia have been quite strong. I do see upside in CAD vs GBP

Ashraf
said
mulhouse, France
Posts: 2822
14 years ago
Sep 14, 2010 13:48
toi shie
toi shie
toi shie
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 13, 2010 19:12
victor, where does 78% show you

Ashraf
Syed
Mississauga, Canada
Posts: 2
14 years ago
Sep 12, 2010 23:50
STOPPED OUT
victormajewski
Michigan, United States
Posts: 4
14 years ago
Sep 11, 2010 12:04
I think the operative fibonacci number in play here is the 78.6% line, Ashraf. The number .786 is the square root of .618.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 9, 2010 14:36
Said, shorterm term oscillators are conflictive but from a fib angle, it's convincing. So weill follow more.

Have a very happy Eid to you and yours.

Ashraf
said
France
Posted Anonymously
14 years ago
Sep 9, 2010 6:04
ashraf
why i am telling u this is that for the down move in audcad ie cad strenghning we agree but in the medium term when we arrive to end third wave fourth wave u might have false signal.
but totally agree with u capped at ur level and little above
if i were to trade currency i would go for cad strenghning against australian but will not opt out any last upside
said
mulhouse, France
Posts: 2822
14 years ago
Sep 9, 2010 5:16
i dont have this low and high for fibo because my EW counting doesnot correspond to ur level.
what u count as a complete five down can dissecated in five wave down till 0.9156 then we enter in a complex corrective pattern . the retracement correspond to the third leg in five impulsive.
tell me what u think

thanks

eid mubarak to u and ur family and ALL
said
mulhouse, France
Posts: 2822
14 years ago
Sep 9, 2010 5:12
ASHRAF
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 8, 2010 23:09
At the end of the day, AUDCAD Weekly made a classic failure; i.e. touching above 0.9600 but NOT CLOSING above it.. get out the weekly chart and check it out.

Ashraf
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