Intraday Market Thoughts
Archived IMT (2011.02.12)
by
Feb 12, 2011 16:28
AUDUSD & EURUSD DOUBLE CHARTS http://chart.ly/5btuthl AFTER A LONG WAIT. AUDUSD falls into the much anticipated Head & Shoulder formation, whose right shoulder (resistance) was repeatedly tested but failed at 1.0190s. Such formation is similar to the H&S formation of April-May 2010 before the RBA intervened at 0.80. EURUSD failed to near the 3-year trendline resistance at 1.41, while more recenty was unable to take out the 1.5750s right shoulder resistance. The 55-WEEK MA acts the next support on the medium term horizon.
Latest IMTs
-
The Nvidia Reversal
by Ashraf Laidi | May 20, 2026 19:47
-
The 2600 SPX Cycle
by Ashraf Laidi | May 18, 2026 19:57
-
Metals Break or Correction
by Ashraf Laidi | May 15, 2026 13:00
-
Silver Day Trading
by Ashraf Laidi | May 14, 2026 18:24
-
Try this with gold and oil
by Ashraf Laidi | May 12, 2026 12:54




