Possible long USD/CAD...yesterday daily pinbar developed, touching a long term support line from May 2007 and August 2008.
Possible eurozone interest rate lowering could strengthen the dollar.
No difference...I am watching all currencies yet most tell the same story, that something should pop. I just watch USD/CAD more than the others.
If we break down here in USD/CAD then I think we could see gold move towards 950. The next major support for USD/CAD is around 1.119, which also ties...
Yo.
I've been short since we hit 77 :cool:
77 being smack bang on a descending resistance line from way back in 1986.
Maybe we'll retest although if we do not close above 77 this week I think we will retest some decent lows...same goes for a few other currencies.
R
AUD/USD hitting major resistance
Hi peeps.
Happy mothers day to all ya'muthers.
Anyway I've been checking the historical charts and keeping tabs on the AUD/USD. This AUD has risen quite substantially since March and recently touched the long term, descending resistance line from way waaaay...
Hi Grim
I had a bit of time watching the rain come down and thunder today in Strasbourg...I saw your chart and thought about adding my take.
I drew two lines, marking top (1) and bottom (2) long term trend lines...which are also parallel to your central trendline.
I also drew a descending...
Evening chaps and chapess's.
USD/CAD....on the weekly it looks as if there is double confluence.
1. Touching the 23.6% line (retracing from the recent peak to the lows of last year)
2. Touching the lower boundary of the upward sloping trendline.
Thoughts? It looks like an interesting setup.
Hi
Is there a setup in crude? Is appears that the price bounced off a confluence fib lines which were the 61% line from the $34 low to the $52 high..and the 50% line between the $34 low and the price where everyone expects it to go, $60 (which is the 23.6% retrace to last years high).
I am 13...
Bizarre goings on today...gold up and down early on in a strange manner...so too the DOW. Seems as though the ranges of movement are getting bigger, indicating big moves of liquidity obviously.
Difficult to trades these markets, understatement!
Morning everyone.
AUD/USD hitting an important level at 7000. Looking for a failed retest although I feel that the currency goes hand in hand with gold?
Richard
Hi Nicola
I'm a novice but I think we could be heading higher?
Gold should head higher today after breaching 964..perhaps signalling a further weakness in the dollar?
Oil should go to an intermediate high today...I'll be selling in the afternoon US time.
Not an answer to your question but...