Forum > View Topic (Hot-Chart)
This thread was started in response to the Hot-Chart:
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Good call....
Good Day.....
Is it a good time to short AUD/USD at 89.78 with a take profit at 89.30..... I think the upside strength of AUD is capped at 89.80.....
All suggestions are welcome....
Thks
AVG
On the technical, AUD/USD has been climbing the upward channel H4 timeframe, eying on low 90 levels which coincides with 78.6% between 2008 highs/lows (see Monthly Chart). Most momentum based indicators suggesting an uptrend. On the daily, it seems price hasn't broken the daily moving average SMA.200, reversing from this point. On the other hand, the price seemed rather topsy above 8900 earlier today. Failure to breach 90 level resistance to drive it to new lows? A lot seems to depend on the risk-aversion trade... Is there much room for a short-term LONG opportunity here to ride it to 90+ levels this week?
Off to NYC tomrrow for that EXPO
Ashraf
They will wait until IF/when aussie rallies 100 pips off some low again.
ASHRAF CALLED THE Chinese tightening. No one else did! Not one of the Weathermen called it. They just tell me what has moved the last 100 pips, then change the target in that direction another 100 pips.