Impulsive EURUSD Rally Gives Scope to Pullback
Forex pairs in this Article »
EUR/USD
FXCM Expo Videos
Innovative Techniques with Traditional Technical Indicators
Trading with the Elliott Wave Principle
Seeing the Forest from the Trees: An Analysis of Global Markets
Afternoon Technicals (all charts)
Other TA (crosses, COT, etc.)
Yesterday's afternoon technicals cover the bigger picture but near term patterns (5 wave rallies in EURUSD and GBPUSD, possible zigzag in AUDUSD) are clear and SUGGEST that at least a USD near term (near term meaning 1-3 days) low may be in place. Regarding the AUDUSD, the rally from June 1 is a triangle leg and upside potential as high as 10600+ exists over the next week or two but the double zigzag structure from 10173 suggests at least a pullback.
EURUSD - 60 Minute Bars
Prepared by Jamie Saettele, CMT
GBPUSD - 60 Minute Bars
Prepared by Jamie Saettele, CMT
AUDUSD - 60 Minute Bars
Prepared by Jamie Saettele, CMT
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
To be added to Jamie's e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com
Jamie is the author of Sentiment in the Forex Market.
Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.
Innovative Techniques with Traditional Technical Indicators
Trading with the Elliott Wave Principle
Seeing the Forest from the Trees: An Analysis of Global Markets
Afternoon Technicals (all charts)
Other TA (crosses, COT, etc.)
Yesterday's afternoon technicals cover the bigger picture but near term patterns (5 wave rallies in EURUSD and GBPUSD, possible zigzag in AUDUSD) are clear and SUGGEST that at least a USD near term (near term meaning 1-3 days) low may be in place. Regarding the AUDUSD, the rally from June 1 is a triangle leg and upside potential as high as 10600+ exists over the next week or two but the double zigzag structure from 10173 suggests at least a pullback.
EURUSD - 60 Minute Bars
Prepared by Jamie Saettele, CMT
GBPUSD - 60 Minute Bars
Prepared by Jamie Saettele, CMT
AUDUSD - 60 Minute Bars
Prepared by Jamie Saettele, CMT
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
To be added to Jamie's e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com
Jamie is the author of Sentiment in the Forex Market.
Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.
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