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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
nzdusd similar play ie near support at bottom of range. usdcad at resistance in middle of 4hr/daily range, bias lower...
this plays into 'risk on', ie eurusd higher short term....
Conversely, oil is more suitable long; the Inverted Head & shoulder (support = right shoulder) is confluence with thetrendline support from December 20 low (the day the LTRO 1 began).
Ashraf
Conversely, oil is more suitable long; the Inverted Head & shoulder (support = right shoulder) is confluence with thetrendline support from December 20 low (the day the LTRO 1 began).
Ashraf
caveat' is RBA board april minutes at 2130 EST this evening...should have a bearish tang though given last weeks data on China plus EZ macro affairs etc...
fwiw, a reminder of an ethereal beauty that can be used as a source of inspiration in this oft times, morose racket of trading... all too often we as traders, due to our own human frailties, comparatively display at best with the subtlety of simpletons with bludgeons...
..here's to being better'...
'ave a good weekend..
thanks for the heads up catnip....keep 'em coming. ;)