forex-metatrader charting, indicators, information portal about currencies
Monday, December 21, 2009
aud/usd speaking of longer time-frames long term trend
stepping back and looking at a daily chart aud/usd has clearly went from a stage of setting higher lows to recently lower lows. I have a pivot of .9136 which has to be exceeded for long term bull trend to continue. as it stands I consider this to be a aud/usd bear trend in daily time-frame with next support at .8689 and resistance at .8903 should there be a bounce but looking at the daily it looks like a boulder pushed to the top of a hill and waiting to fall. There will have to be some buying soon to support that uptrend and the chance of there being parity (ie 1.0000 level).
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(32)
-
▼
December
(32)
- EUR/USD Day Chart
- Japan, Asian Markets, Euro
- Charles Hugh Smith article
- aud/usd, gbp/chf, gold - looking back at yesterday...
- gold, dow, eurozone financial stability questions....
- aud/usd speaking of longer time-frames long term t...
- Gold sell-off in US session
- good quote by Kathy Lien of GFT in Marketwatch art...
- US equities
- aud/usd & gold
- gold
- gold
- aud/usd & gold
- aud/usd
- DJ30 after hours dow
- aud/usd gold
- Update - Where will gold go?
- Update - eur/usd, Asian markets down
- Update - aud/usd
- Update - Dow Jones (dj30), banking gloom hits equi...
- Update - gap down dow jones (dji30) oil holding ga...
- test post
- Update dj30 post fed meeting
- Update crude oil trade symbol wti
- Update aussie data comes in soft
- Update aud/usd and dow (dj30)
- Update eur/usd still in long term bear
- Update
- Update
- update
- update
- weekly kickoff: forex views technical trade signal...
-
▼
December
(32)

Commodities are basic goods that are exchangeable with other Commodities of the same type. Traded commodities range from agricultural, livestock and energy to precious metals and industrial metals.
ReplyDelete