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FX Charts: www.fxcharts.com.au posted a blog post

Kiwi Flies!

As expected the RBNZ left the OCR unchanged but the accompanying statement stated that they are watching for increased inflation pressure and expect growth to rise to 2.5% and 3% over the next two years and suggested rates could be on hold until 2014. The Kiwi ran higher to break key 0.8275 trend resistance on its way to a high - so far - of 0.8293. The next hurdle sits at 0.8308, 7th Nov high and possibly on to the 0.8356 28th…See More
Dec 5, 2012
FX Charts: www.fxcharts.com.au posted a blog post

Euro headed higher?

Euro: 1.3052.Technically, the Euro has now broken the major resistance trendline that we have been watching and headed towards the next resistance at 1.3083 (22 Oct high). A break of this would suggest an acceleration on towards the 17 Oct high at 1.3139 although the growing bearish divergence on the 4 hour charts is warning us of a possible reversal and thus to bring up trailing stops on long positions.  Above 1.3140, although doubtful at this point, a continuation of the rally would take us…See More
Dec 3, 2012
talisman commented on FX Charts: www.fxcharts.com.au's blog post EURO Head Shoulders?
"@chris thanks, i might do that.  what is the link? i coudnt find it at your site."
Feb 2, 2012
talisman commented on FX Charts: www.fxcharts.com.au's blog post EURO Head Shoulders?
"So so true! I just laughed when I saw that. It's a game of probabilities always."
Feb 1, 2012
Bruno commented on FX Charts: www.fxcharts.com.au's blog post EURO Head Shoulders?
"looks like a perfect H&S"
Feb 1, 2012
talisman commented on FX Charts: www.fxcharts.com.au's blog post EURO Head Shoulders?
"i always like it when somebody sees the same thing as i do . i entered a trade on this which hasn t been filled yet."
Feb 1, 2012
FX Charts: www.fxcharts.com.au posted a blog post

EURO Head Shoulders?

The Euro looks like it may be trying to carve out a Head Shoulder top, but really needs to stay under 1.3100 to remain valid. 1.3090 is 23.6% of 1.2623/1.3234 and currently acts as short term resistance.If it works, 1.2925 would be the target, so not a bad risk reward!See More
Jan 31, 2012
FX Charts: www.fxcharts.com.au's blog post was featured

Aud topped out at trendline resistance?

The Aud made good gains following the China GDP, trading almost to the point where trendline rsistance is to be seen reaching 1.0449 before failing and dropping back to resistance-turned-support at 1.0370 area. The hourlies are pointing to further near term downside moves and it looks as though the recent range will continue to…See More
Jan 18, 2012
FX Charts: www.fxcharts.com.au posted a blog post

Aud topped out at trendline resistance?

The Aud made good gains following the China GDP, trading almost to the point where trendline rsistance is to be seen reaching 1.0449 before failing and dropping back to resistance-turned-support at 1.0370 area. The hourlies are pointing to further near term downside moves and it looks as though the recent range will continue to…See More
Jan 17, 2012
FX Charts: www.fxcharts.com.au posted blog posts
Jan 13, 2012
FX Charts: www.fxcharts.com.au posted blog posts
Jan 12, 2012
FX Charts: www.fxcharts.com.au posted a blog post

DXY Divergence working well!

The DXY(Dollar Index) divergence that we mentioned last week, heralding possible US$ weakness has worked very well, as the attached chart shows and it has come to rest at the important 79.60 support. The Indicators on most charts are pointing to the possibility of further US$ weakness in sessions ahead although for the time being the hourly charts are oversold (ie overbought Aud/Usd, Nzd/Usd + Eur/Usd in particular) and are currently in the process of unwinding. While risk sentiment remains…See More
Jan 3, 2012
FX Charts: www.fxcharts.com.au's blog post was featured

Watch the DXY

With everyone being so bearish on the Euro and genrally bullish on the US$, it is worth noting that the Dollar Index (DXY) is sounding some warning signals. The divergence that is building on the daily charts is not suggesting that the weakness that we saw in the US session is necessarily going to be repeated in sessions to come. Similarly the Euro looks to have more or less reached its channel objective, as per the chart, so be wary of a decent bounce with SL building above 1.3000.…See More
Dec 30, 2011
FX Charts: www.fxcharts.com.au posted a blog post

Watch the DXY

With everyone being so bearish on the Euro and genrally bullish on the US$, it is worth noting that the Dollar Index (DXY) is sounding some warning signals. The divergence that is building on the daily charts is not suggesting that the weakness that we saw in the US session is necessarily going to be repeated in sessions to come. Similarly the Euro looks to have more or less reached its channel objective, as per the chart, so be wary of a decent bounce with SL building above 1.3000.…See More
Dec 30, 2011

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About Myself
As above. I have been a senior trader for various banks over 30 years before branching out on my own
Trading style
Technical Analysis
Current Broker
Axi Trader

FX Charts: www.fxcharts.com.au's Blog

Kiwi Flies!

Posted on December 5, 2012 at 9:54pm 0 Comments

As expected the RBNZ left the OCR unchanged but the accompanying statement stated that they are watching for increased inflation pressure and expect growth to rise to 2.5% and 3% over the next two years and suggested rates could be on hold until 2014. The Kiwi ran higher to break key 0.8275 trend resistance on its way to a high - so far - of 0.8293. The next hurdle sits at 0.8308, 7th Nov high and possibly on to the 0.8356 28th…

Continue

Euro headed higher?

Posted on December 3, 2012 at 10:01pm 0 Comments

Euro: 1.3052.

Technically, the Euro has now broken the major resistance trendline that we have been watching and headed towards the next resistance at 1.3083 (22 Oct high). A break of this would suggest an acceleration on towards the 17 Oct high at 1.3139 although the growing bearish divergence on the 4 hour charts is warning us of a possible reversal and thus to bring up trailing stops on long positions.  Above 1.3140, although doubtful at this point, a continuation of the rally…

Continue

EURO Head Shoulders?

Posted on January 31, 2012 at 10:55pm 5 Comments

The Euro looks like it may be trying to carve out a Head Shoulder top, but really needs to stay under 1.3100 to remain valid. 1.3090 is 23.6% of 1.2623/1.3234 and currently acts as short term resistance.If it works, 1.2925 would be the target, so not a bad risk reward!…

Continue

Aud topped out at trendline resistance?

Posted on January 17, 2012 at 9:06pm 0 Comments

The Aud made good gains following the China GDP, trading almost to the point where trendline rsistance is to be seen reaching 1.0449 before failing and dropping back to resistance-turned-support at 1.0370 area. The hourlies are pointing to further near term downside moves and it looks as though the recent range will…

Continue

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