dalegster1968

dalegster1968

chart speaks for itself. long term trendline and monthly 200ma possible target.

dalegster1968

Australia could be headed for it's first recession in over 23yrs. house prices just keep going up, wages are stagnant/decreasing, part-time jobs are on the rise and we all know about certain commodity prices. would love to see a re-test of the 50ma. shall be watching closely over the coming weeks.

dalegster1968

notes on chart

dalegster1968

can't believe I was away from my computer!!!!! really really pissed!!!!!

dalegster1968

broke down the week before last, looking for a small bounce here before before a possible continuation down.

dalegster1968

same with EUR/USD, dollar at resistance. GBP has stopped right at support and a 0.38 fib level. will look for long entry next week.

dalegster1968

with the dollar at resistance and with the extreme sell off the past weeks in the EUR we should be looking for a bounce soon. A 0.618 fib level is not too far away and there is also a trendline coming into play going back to 2000/2002. The 1.28 area also provided a lot of support mid 2013. neautral looking for signs of a bounce soon.

dalegster1968

notes on chart...

dalegster1968

AUD/NZD Looking at a possible head & shoulders bottom here I have fibs set on ATH & ATL. as you can see the first mark acted as S/R going back to last Aug. shall be watching closely...