alanposner

alanposner

Since the trend in any instrument can best be measured by a series of wing highs and lows or in the case of a sideways market a lack thereof, traders have to evaluate the swings in a chart to conclude an instrument's present state. The Aussies has been in a significant downtrend since 8/9 but recently posted a big bounce starting on 9/6. My blog post on 9/4...

alanposner

All the focus is rightly on the ECB tomorrow and whether they will begin buying bonds by the truck load or by the shovel load. A truck load will likely make the market happy at least in the short term whereas a shovel load will disappoint. Either way crude oil is moving lower and soon. The market has been pricing in significant easing on the part of the US...

alanposner

In the big picture on the weekly chart I wonder if perhaps this long bull run for the Aussie is coming to an end since the TSI is now below its long term moving average. If the sell off continues and price makes its way through the .9400 area we can surmise that the bull market for the Aussie is over and a bear one has replaced it. www.sealionllc.com

alanposner

The Aussie has acquired some notoriety over the years the as the world's leading commodity currency. Australia as a nation is digging up its minerals and shipping them to China and in return enjoying wealth and prosperity. Since Australia has become so dependent on China buying these hard assets for its GDP, should Chinese demand slow down Australia would suffer...

alanposner

The Euro is rising to resistance but breaching the $1.2675 level on the daily chart will be difficult. This is resistance from the consolidation of June and the 50% Fibonacci retracement from the May 1st high. I will be watching the price and the MACD to see if momentum shifts soon to the downside. www.sealionllc.com