Inclined to agree. So many key support levels here across all the currencies (EU, GBP, AU) and some clear resistance on UCHF. UCHF also has a small gap around 0.88000, still expecting this to hit .8450 (161.8 fib) and then struggle some to decide if ...

OIL/USD charts

It's not perfect as piercing line candles go, but it is noteworthy enough. Stockcharts appear to have a different daily close time, this is the daily MT4 chart, and this isn't looking particularly bearish either. Two touches of the 200 ema and ...

OIL/USD charts

Here's another chart, showing a piercing line bull candle on the daily (Thursday's candle). Piercing line candles occur when a bull candle "pierces" up into a a bear candle. They indicate that price is going up for a sustained period of time (i.e. ...

OIL/USD charts

Oil / USD — Given the historical relationship between oil and the US Dollar, it was interesting to note that during the market action on Friday when the Dollar was gaining on T-Note action, oil also went up. There's been a lot of talk around ...

OIL/USD charts

1.05750 is a possible buy zone, if UCHF chokes here on the 200 ema 4H. Nasty session, lot of big holes blown in lots of accounts, hope you guys are ok. btw, UCHF has a small gap right at the bottom of this up move @ 0.88000. I'm also still half ...

AUDUSD for informed traders

Cup and Handle forming on EUR/AUD. The rule is that this retracement on the handle should stop around 50% and then explode north (i.e. AU going short big time). If the retracement is more than 50% the pattern is invalidated.

AUDUSD for informed traders

Do however, need to be mindful of the dead cat bounce, and the fact that US equities closed up off their lows, heading north yesterday. And of course, the fact that the US loves AU - as someone else said, it's the leper with the most fingers left. ...

AUDUSD for informed traders

UCHF has run into a 200 ema brick wall here - if it can't break through (which it may not, given doubts about the USD and given upcoming data speculation) we may see some retracement here (or not). When market runs short really hot, the bulls are ...

AUDUSD for informed traders

Youth unemployment (in my state) is running at 17.8%. Worse in other states. Swannie's budget speech told the story in advance - wants to share the resources sector joy around because the rest of our economy is in pain due to the high AUD hurting ...

AUDUSD for informed traders

Welcome to Aussie's two tiered economy. The resources sector, and then everything else. The everything else part has been on it's way to the toilet for some time, most Aussie's already know this. At least the rest of the world is now getting a ...

AUDUSD for informed traders

That one is in the New Port Adelaide development. I'm at the other end on the beach. Truckloads of Esplanade/off Esplanade properties on the market here, absolutely zero takers. And yes, I agree, the property market has succeeded in pricing itself ...

AUDUSD for informed traders

I agree. I think this govt is already cactus. Gillard won't see another term. Robbin Rudd did a splendid job of plundering the coffers to buy votes. Now the cupboard is bare (Labor is saying prayers for a carbon tax rescue *oh look, flying pigs*).

AUDUSD for informed traders

It's not where you might expect. One example - new waterfront apartments that were selling for $690k are now selling (3 months later) for $350k. I've also noticed that the new home builders appear to be having a fire sale of their display home ...

AUDUSD for informed traders

The RBA will do whatever Swan tells them to do. It isn't about the Australian economy, it's about Australian voters. On the other hand, the US in particular has a huge pair of Elton John size rose-coloured glasses on re AU (not dissimilar to the ...

AUDUSD for informed traders

With the property market busy heading south as it is, I somehow doubt the banks will support a rate hike - you can see the competition atmosphere that is developing already. There is a glut of property on the market, prices are dropping by up to 50% ...

AUDUSD for informed traders

As someone else remarked, AU has a two-tiered economy - the resources sector and then everything else. The latter of these two is not in good shape at all, but while the resources sector continues skewing the data, the reality check position on the ...

AUDUSD for informed traders

Some charts - note we have a double bottom on GBP/AUD. EUR/AUD has a habit of taking out stops then making a major romp in the opposite direction. Not sure whether AU will follow through with short but in it for moment. AU has some potentially ...

AUDUSD for informed traders

Yes true, lots has changed. However, reading that article just caused me to think again about the notion that we are seeing a shift in the global balance and that many analysts/economists and others have suggested that the pacific region is where ...

AUDUSD for informed traders

It was an interesting piece to read because historical information about AU that goes that far back is very hard to find. And yes, every fund manager has their own agenda, but that doesn't necessarily invalidate the opinion which was clearly ...

AUDUSD for informed traders