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From now the AUD/USD will be building up momentum for the news of thursday, the Employment Change will be much better than expected. This will support the technical move upwards with great momentum.In the big monthly scale this is seen with the trendline following the market upwards.As it is streep, I expect this to easily hold for continuation movement up.As price previously ranged in between roughly 0.885 and 0.96 it will also do now.So this month will be up towards point 1. and then down agai…
nuonrg's Blog
GBP/USD keeps rising instead of turning the tops.
After my winning contest in July 2013 (3th place) I like to share my vision again about the GBP/USD in the comming 2 months.On the Daily big picture the recent pinbar shows support from the 1.5460 level.Dovish prices were rejected back up.Recent uptrend and channeling upwards support this view.But more important after some undecidement, the 1.5590 level is strongly broken en now acts as support.Thus in the next view I setup my target price pattern.The pattern is decided upon trendlines and fibon…
Found the way up again? Also GBP/USD does.
As you can see on the Daily chart of GBP/USD, after all shocking Bernanke news the markets shaked out.The USD is back to be sold until at least the end of the year against most pairs, the GBP in this case.The spike back up brought the GBP back into the multi-month channel upwards, and that is where it gonna stay again for a decent amount of time.The 1.50 is said goodbye for now and we won't look back.On the 4 Hour chart you can see the big spike up based on fundamental news of the big change in …