djl317

djl317 Updated 

Here we can see the weekly chart and the AUDNZD is forming a wedge pattern which could go as low as 1.04. I will start building long positions in the area under 1.056 at key points, my stop will be a daily close break below the triangle. First target will be 1.075, with a secondary target of 1.09. See similar idea from BLUE43 for key area's to go long.

djl317 Updated 

Here we can see the Fib extension of 1.61 closely correlates to existing resistance, this would be a great TP point if you bought in now, once TP is hit I would switch the position around to a short for a bigger retracement down.

djl317 Updated 

The AUDNZD time cycles have been quite accurate, if the current cycles and movement continues, we should be in for an excellent buy opportunity starting from Monday next week around the 1.055 area.

djl317 Updated 

Watching for a shorting Opportunity around the 1.527 area. Reasons - Prior Resistance, 2.61 Fib extension, top of rising wedge channel. We could a strong push to there on tomorrow's BOC interest rate decision then a swift drop after the OPEC meeting (where OIL production will continue to be cut to drive up oil prices - which is good for the CAD). A more...

djl317 Updated 

Here we see a shorting opportunity at the 1.13 level on the EURUSD using previous resistance and the 2.61 fibonacci ratio from the previous short wave down, target would be mid 1.09's going long for the next wave up. I think the dreams of EU parity with the dollar are long gone.