We are taking a trip down under today.
It has been sometime since we last looked at the relationship between the US dollar (USD) and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our "Trade Triangle" technology.
We're also using MarketClub's Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today's video.
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
All the best,
Today we are going down under to analyze the Australian dollar.
Many traders look at the Australian dollar (AUD) and the Canadian dollar (CAD) as commodity plays. Both countries are rich in natural resources and that seems to be a key element to the recent moves in both of these currencies.
Today we are going to look at the technical aspect of the Australian dollar. This market not only charts very well, but it responds very well to technical signals. In this short video, I will explain in detail my reasoning for wanting to be in this market. I will give you some specific Aussie dollar objectives and also some places to protect capital.
As always, the videos are free to watch and there's no need to register. I would love to get your feedback about this video and your own predictions about this market on our blog.
All the best,