Go Back   BabyPips.com Forex Forum > Main Discussion > The Analyst Arena
Australian Dollar Bullish Pattern Australian Dollar Bullish Pattern
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Chat Room [4]
The Analyst Arena Technical and fundamental analysis from various sources. Here you can get different perspectives on the markets through the eyes of different analysts. Also, go to the School of Pipsology and find out what kind of trader you are.

Welcome to the BabyPips.com forum!

You are currently viewing our boards as a guest which allows you to view the discussions, but prevents you from contributing. By joining our FREE community you will be able to do all of the following:

  • Post topics & responses to other discussions
  • Communicate privately with other members (PM)
  • Respond to polls
  • Upload content
  • Post comments on our blogs
  • Contribute on our Forexpedia

Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.


Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 05-07-2007, 09:40 AM
DailyFx's Avatar
FX Analyst
FX-Men Honorary Member
  

Join Date: Jan 2007
Posts: 10,134
Default Australian Dollar Bullish Pattern
This morning?s price action is very bullish following the decline from the top is in a corrective 3 waves - thus we are suspending our bearish forecast.

The pair has pushed through the midpoint of the short term channel (see chart below), which gives scope to a test of channel resistance near .8300 (more bullish potential exists on a break above .8300). Short term support should be strong at a reaction high from Friday at .8222.
Reply With Quote
Reply



« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


All times are GMT -4. The time now is 05:50 AM.
Content Relevant URLs by vBSEO 3.2.0
"There is nothing so useless as doing efficiently that which should not be done at all."
Peter Drucker