Halo people! :)
Have found interesting free wave analysis. The method is classical Elliott wave+Andrew's pitchfork(technicals). Trade directions, targets, so interesting to compare with your own plan...all time frames, every day updated comments and chart for AUDUSD as well, is really going deep down?
Who likes Elliott, have a look at..whether the guys forecasting well...
website
http://www.fibo-group.com/pages/505
fxbuster129
5th-April-2006, 06:36 AM
Hi people!
Seems like AUDUSD will go higher, so Fibo-group wave analysis.
they have updated charts and comments for this week.
http://www.fibo-group.com/pages/506?pair=AUDUSD
What do you think about pair moves this week?
good luck in trading!!!
wavepicker
5th-April-2006, 12:19 PM
Interesting site fxbuster, especially those interested in Elliott Waves.
I think any rally in the AUDUSD and others such as the GBPUSD and EURUSD will be short lived and should terminate within the next 20 trading days. My upside target for the EURUSD is 1.24/25 and no greater than 0.74 for the AUDUSD. Thereafter, I will go short both of these, with long term targets (well into 2007) The euro should end up well under 1.10, and the aussie will also get hammered down to 0.64 or lower. This may have a major ramifications on the local stock market as foreign investors scrampble to liquidate their positions after any gains made are slowly eroded by a weakening aussie buckaroo.
sti396
6th-April-2006, 08:17 PM
I wish I knew how to analyse these charts lol.
This morning I decided to invest in the AUD [I am just 'playing' to get a feel of the forex] and I have been watching it for a while, taking in all business news and so on.... and actually a nice little profit [at the moment]
So Id love to go further, but I also dont want to lose what I have. I suppose this is the gamble of playing the forex :)
