Go Back   BabyPips.com Forex Forum > Main Discussion > The Analyst Arena
Australian Dollar Near Term Bullish Australian Dollar Near Term Bullish
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Chat Room [3]
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 08-06-2007, 09:20 AM
DailyFx's Avatar
FX Analyst
FX-Men Honorary Member
  

Join Date: Jan 2007
Posts: 10,134
Default Australian Dollar Near Term Bullish
Commentary: The decline from .8870 is the beginning of larger wave 4 within the 5 wave rally from .7268. Over the next several weeks, the AUDUSD could decline to the former 4th wave at .8162. Wave A of the decline ended at .8458 and wave B is underway now.


Wave B is unfolding as a flat and may top close to .8664 (50% of .8870-.8458). It is also possible that the larger 4th wave is complete and that the rally underway now is larger wave 5. Either case is near term bullish until at least a rally above .8614. The form of the rally will tell us what to expect in the future. Strategy: Flat
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 07:29 AM.
Content Relevant URLs by vBSEO 3.2.0
"Do not think that what your thoughts dwell on does not matter. Your thoughts are making you."
Bishop Steve