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IvanLabrie
2015年4月26日下午5點28分

Copper: offering clues for the Australian dollar traders 

CopperFXCM

描述

Watch this commodity, since it's very influential, showing a high positive correlation with the australian dollar.
Right now I have a bullish weekly setup, aiming for the area depicted by the triangle, which happens to match two channels' resistance.
Rgmov is advancing with price, and currently showing a 0.382 retracement after the recent bearish swing.
Will this be a refresher before further upside?
Should be constructive to keep this as reference when trading Australian dollar FX pairs.
Good luck,
Ivan.

交易結束:目標達成

Time at mode trend signal expired, target wasn't hit. This normally implies a reversal...

評論

What a reversal...
評論
IvanLabrie
IvanLabrie
The last 2 bars are really bearish for the Aussie.
I believe it's due for a retracement now though, but this is negative for the Aud bulls for sure.
IvanLabrie
Two weeks left in this uptrend.
IvanLabrie
Very strong uptrend here!
Clearly lending some strength to the Aussie dollar, despite the rate cut woes...
IvanLabrie
Once copper tops, we can confidently engage in weak AUD trades...like EURAUD:

IvanLabrie
Nice support was found here, is this a key reversal?
I'm looking at audjpy and nzdjpy, also eurnzd, this and gold are crucial charts to monitor.
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