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)
The deeper setbacks in the EURUSD and AUDUSD are tempting but the NZDUSD is the cleanest of the setups. The EURUSD decline stalled just shy of 12900 today. The decline would consist of 2 equal legs from the top at 12896 but the 9/12 high intersects today’s low. The AUDUSD decline would consist of 2 equal legs from the top at 10280 and the drop has yet to reach corrective channel support. Risk on longs in AUDUSD should be kept to today’s low given the extension potential on a drop to a new low (today’s low is an intraday pivot high from 9/10). The NZDUSD is the best setup as the decline channels in a corrective manner and today’s low intersects with the August high.
EURUSD – 240 Minute Bars
Prepared by Jamie Saettele, CMT
AUDUSD – 240 Minute Bars
Prepared by Jamie Saettele, CMT
NZDUSD – 240 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.
