Daily Forex technical analysis for the major pairs Based On The Elliott Waves Principle Combined with Various Technical Indicators And Fundamentals
Monday, August 30, 2010
Charts Update
Charts cant get anymore better than that , Eur.usd as i shown in the weekend chart was looking so weak although we have seen quite a rally in the commodities after the news but it couldnt help the Eur to break the top of the bearish flag and if it had a chance to gain momentum to do so , it would have been on that GDP news on friday .
Eur.usd now broken below the bearish flag after the charm of the commodities bounce faded , i ll be looking to stablish a short position against the top as soon as i see any kind of short term bounce to test the bottom resistance line of the flag .
i also called on the twitter a top in the Aussie below 9050 which was very accurate as well , and its now testing support near 89 , will be looking to short it as well when i see a proper bounce .
as shown in the Aussie chart , it went down right from the resistance zone i shown on the weekend chart between the 2 red lines , charts cant get anymore accurate than that :)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment