News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Jamie's Pick: 02/23/12

Jamie's Pick: 02/23/12

Jamie Saettele, CMT, Sr. Technical Strategist

Weakness last night completes the 4th wave correction. “Recent AUDUSD action probably composes a 4th wave correction within the 5 wave advance from the 12/15/11 low. Bullish objectives are the 2011 high at 11080, and common Fibonacci relationships. Wave 5 = 1 at 11153 and wave 5 = 61.8% of waves 1-3 at 11236. These levels intersect the channel on March 5th and March 9th.” A drop under 10565 would shift focus to 10520 and 10450.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES