DAILY FORECAST FOR AUDUSD
Posted 11-16-2009 at 09:46 PM by FX-Forecaster.com
Bias: While 0.9284-0.9307 supports I look for gains back above 0.9404 and towards 0.9497
Gains were seen as expected into the 0.9393-12 area where a high was seen. I feel the first mvoe today will be lower to the 0.9284-0.9307 support area (probably towards the top). However, I feel this will support to provoke another rally that will push back above 0.9326-36, 0.9377 and yesterday's
0.9404 high to extend eventually to the 0.9497-0.9519 target area. Take care here as I feel this holds risk of being a major high. Only above 0.9520 would extend the rally closer to the maximum target at 0.9564.
Please view the complete analysis in the attached PDF file.
For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.
Gains were seen as expected into the 0.9393-12 area where a high was seen. I feel the first mvoe today will be lower to the 0.9284-0.9307 support area (probably towards the top). However, I feel this will support to provoke another rally that will push back above 0.9326-36, 0.9377 and yesterday's
0.9404 high to extend eventually to the 0.9497-0.9519 target area. Take care here as I feel this holds risk of being a major high. Only above 0.9520 would extend the rally closer to the maximum target at 0.9564.
Please view the complete analysis in the attached PDF file.
For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.
Total Comments 0
Comments
FX-Forecaster.com
Consistent forecasting of price movement in today's Forex market is a forgotten art
that requires a deep understanding of price structure and development. The Daily
Forecaster is a comprehensive report that guides traders through the trading day
and is based on an integrated blend of techniques perfected by veteran analyst Ian
Copsey. Based on the techniques described in his popular book "Integrated
Technical Analysis" (published John Wiley and Sons.) Ian provides his unique and
insightful 9 page daily report to a wide range of traders which currently includes
hedge funds to banks and retail traders. Take a free trial to see why so many traders
rely on his unique analysis.
Consistent forecasting of price movement in today's Forex market is a forgotten art
that requires a deep understanding of price structure and development. The Daily
Forecaster is a comprehensive report that guides traders through the trading day
and is based on an integrated blend of techniques perfected by veteran analyst Ian
Copsey. Based on the techniques described in his popular book "Integrated
Technical Analysis" (published John Wiley and Sons.) Ian provides his unique and
insightful 9 page daily report to a wide range of traders which currently includes
hedge funds to banks and retail traders. Take a free trial to see why so many traders
rely on his unique analysis.
