AUDNZD

This pair should find some support around 1.20


Comments

Post a Comment

Popular posts from this blog

Where to $EURUSD?

Image
Last Thursday $EURUSD delighted me with a picture perfect touch of an up-trending line. So what's next? Let's look at the situation. After last weeks rejection below 1.1150 it has shot up with vigor. Trending currently in nowhere land closely above and below trendlines, I will wait for further clues to find entries. A retest of 1.1350 will possibly offer an opportunity. If that trendline breaks though, EUR bulls are in control with a lot of upside potential.
Read more

$GBPUSD chart analysis

Image
Look at the break of the massive shelf around 1.5250/1.5375 in GBPUSD. I expect this to be a meaningful change of sentiment for the currency pair. What the heck are the British doing to their money??? Next support zones as marked by the blue lines below current price: S1: ~1.5000/1.5125 S2: ~1.4850/1.4875 Of course I got long within the brokes support around 1.5375 and now I'm in trouble with this one. So I will have to figure out how to reduce the damage.
Read more

When will the S&P retrace?

Image
For the monthly S&P I am very cautious. A "healthy" development would be a retracement of this monster up-move back to around 1560. But with Keynesians as heads of money printing all over the world this might not be allowed.
Read more