I like the AUDUSD picture here. The 5 year trend channel is broken on the normal scale but the logarithmic scale chart still shows a potential channel with a target of 1.15. It is too far a stretch to call that right now though. It needs a touch first to confirm the blue channel and the orange triangle.
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Sunday, 24 March 2013
Start your week with these
The 5-year trend channel of WTI is unmissable. There has been too many touches on the lower band which makes the channel a bit shaky. Nevertheless, there is also a potential contracting sideways triangle which would be massively bullish. It needs a confirmation with a third touch&bounce on the upper resistance though.
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