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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?

 
 
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bojan
Arizona, United States
Posts: 111
14 years ago
Sep 8, 2010 22:53
:)





b.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 8, 2010 10:58
0.9605 on my WEEKLY chart is the 76.4% retracement of the decline from the 0.9917 high to the 0.8588 low. Although DAILY stochastics seem positive (go against the short call), 0.9605-10 is the congestion high throughoutt the 3 weeks in January.

But AUDCAD could further rally today after the Bank of Canada decision in the event that (i) ther is a surprise and NO rate hike and/or (it raises rates but issues a cautious/pessimistic forecast).


Ashraf
Seif
Cairo, Egypt
Posts: 53
14 years ago
Sep 8, 2010 9:19
STOPPED OUT
Seif
Cairo, Egypt
Posts: 53
14 years ago
Sep 7, 2010 16:46
The market is anticipating a rate hike
so lets be patient and see
I much appreciate your ANALYSIS
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 7, 2010 16:27
Be cautious here.. if BoC does NOT raise rates, or stocsk rally tomorrow, then stops need to be assessed at that key retracement resistance of 0.9595

Ashraf
Seif
Cairo, Egypt
Posts: 53
14 years ago
Sep 7, 2010 15:54
Huge CAD DECLINE
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