Forex Trading | Currency Exchange | Currency Trading | Foreign Exchange Blog » today http://www.forexbite.com/bites Wed, 20 Apr 2011 04:26:46 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 The AUD/USD Trend http://www.forexbite.com/bites/the-audusd-trend http://www.forexbite.com/bites/the-audusd-trend#comments Sat, 04 Dec 2010 21:56:19 +0000 http://forexbite.com/bites/?p=7 The AUD/USD Trend post from Forex Trading Blog

]]> AUD/USD has blasted higher today, boosted by renewed risk appetites. It’s hard to get wildly bullish on this pair given the fairly rapid deceleration of Aussie economic stats of late. Looks like the RBA can comfortably stay on hold for the next few quarters…

Technically, AUD is retesting the neckline from the head and shoulders pattern that has been unfolding in the last week or so. If it holds below the 0.9780 area, downward pressure should return.

A small short with a tight stop above 0.9800 looks like a solid risk-reward proposition for a return to the 0.95 handle and potentially below in the weeks ahead.

The AUD/USD Trend post from Forex Trading Blog

]]> http://www.forexbite.com/bites/the-audusd-trend/feed 0 Gold Technical Outlook http://www.forexbite.com/bites/gold-technical-outlook http://www.forexbite.com/bites/gold-technical-outlook#comments Sat, 04 Dec 2010 21:42:03 +0000 http://forexbite.com/bites/?p=1 Gold Technical Outlook post from Forex Trading Blog

]]> Gold outlook remains to the upside as we look for it to move higher towards the 1,424.30 level. However, it will have to hold firmly above the 1.388.10 level to achieve that. It has wiped out its Wednesday weakness in today’s trading session supporting our bullish call. On further strength, Gold should target the 1,450.00 level and then the 1,500 level.  To reverse this view, the commodity will have to break below the 1,315.60 level, its Oct 18’10 low and its rising trend line. Zone should declines if seen and turn Gold higher again but if snaps, a run at its psycho level located at the 1,300.00 level is likely. The commodity looks to return to the 1,424.30 level while holding above its MT rising trend line.

Gold Technical Outlook post from Forex Trading Blog

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