The Australian Dollar
I just wanted to post a chart of the Australian Dollar. Look at the move this currency is having ever since breaking out of the monthly consolidation.
Last year around late November, I saw the potential for a large rally based on the monthly chart, but I didn't get involved. I don't trade currencies as much as I used to. I think I'm going to start doing more currency trading this year because when these markets move, they really move!
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
4 comments:
Hi Kevin，
Is it possible to show us the cyclical of Aussie?
Do you think the Aussie is going higher or a big reversal lies ahead? It seems the momentum and MACD are diverging with the price.
Thx!
Not all markets have accurate cycles that can be traded and the Aussi Dollar is one of them.
I've been bullish on the A-Dollar but its already had a big move. I don't think I would want to short it.
I shorted at 0.815 for a large amount of Aussie based on some other websites analysis. Lose huge money here. Just keep my figures cross to hope that the top is near.
Hi Kevin,
What do you think of the triangle breakout. Some analyst said it is terminal and is due to reverse back. Is it true and how to detect the top? Really like your blog! Thx!
Post a Comment