This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
Enjoy your blog. Ive uploaded my tech analysis of the chart of the aud/usd. I think there is a chance for it to breakdown out of the purple channel and into the blue. Possibly next week as there is a Bank of Au meeting next wednesday.
To my experience these sort of news induced moves are generally retraced back after a short while. See gold today. Natgas move is massive but it may also retrace back to 2.5 again. Just have to wait and see. I wouldn't chase that rally.
I see Twitter is finally giving back its 2% plus gains for the day as general downside picks up some stream. As to Golds present -1.7% hit, Apple has that smoked at -2.5%. Tesla has finally been caught in the downdraft at -2.2%..
Here's the chart. Gaps 'always' get filled over time. Look at the monster gap lurking back at 140-125...thats next down the road...gonna to be a summer...
Aud looks to be hanging by a thread - broken both channels
ReplyDeleteThe red rising channel is still intact but the orange support broke down. I'm still bullish.
ReplyDeleteHi Bouraq,
ReplyDeleteEnjoy your blog. Ive uploaded my tech analysis of the chart of the aud/usd. I think there is a chance for it to breakdown out of the purple channel and into the blue. Possibly next week as there is a Bank of Au meeting next wednesday.
Thanks again for the nice charts.
asfsdf
This is exactly the chart I'm watching right now. Also posted on twitter some other channel supporting the bullish idea.
ReplyDeleteHello Dr. B! Wondering what you think of today's pop in nat gas -- the real deal, or another shorting opportunity? Have missed your updates...
ReplyDeleteTo my experience these sort of news induced moves are generally retraced back after a short while. See gold today. Natgas move is massive but it may also retrace back to 2.5 again. Just have to wait and see. I wouldn't chase that rally.
ReplyDeleteI see Twitter is finally giving back its 2% plus gains for the day as general downside picks up some stream. As to Golds present -1.7% hit, Apple has that smoked at -2.5%. Tesla has finally been caught in the downdraft at -2.2%..
ReplyDeleteAmazing...LinkedIn comes up short and crash's 25%... so how else is hiding in the weeds...
ReplyDeleteHere's the chart. Gaps 'always' get filled over time. Look at the monster gap lurking back at 140-125...thats next down the road...gonna to be a summer...
ReplyDeleteHey Bouraq, did the spx break through that red rising channel? And thoughts on gold. Thanks, Cory
ReplyDeletejust posted a late one
ReplyDeleteTo satisfy the requirement associated with contemporary period, lenders possess develop doorstep loans UNITED KINGDOM.
ReplyDeletehttp://www.waytoloans.com/unemployed-payday-loans.html
http://www.waytoloans.com/payday-loans.html
http://www.waytoloans.com/unsecured-loans-for-bad-credit.html
http://www.waytoloans.com/unsecured-tenant-loans.html
http://www.waytoloans.com/faxless-payday-loans.html