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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 |
Medium-Term Analysis : The Aussie is performing a large bearish reversal pattern known as "Complex Head & Shoulders" against the US Dollar. There were two left shoulders and the price is now probably terminating the second right shoulder. The broken rising wedge and the declining RSI are in my view confirming this hypothesis and the commodity dollar should from now on underperform the greenback.
see the chart :http://globaltechnicals.typepad.com/blog/2010/12/audusd-head-shoulders-reversal-pattern-at-hand.html
i am bullick i buy on rumors
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what is your opinion on the aud/cad following the recent move to the upside?
Thanks
Ashraf
what is your outlook on the Aud/Cad pair? it does look to me it heading down. but i am intrested in your view?
thanks and keep up the good work