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Forecaster is a comprehensive report that guides traders through the trading day
and is based on an integrated blend of techniques perfected by veteran analyst Ian
Copsey. Based on the techniques described in his popular book "Integrated
Technical Analysis" (published John Wiley and Sons.) Ian provides his unique and
insightful 9 page daily report to a wide range of traders which currently includes
hedge funds to banks and retail traders. Take a free trial to see why so many traders
rely on his unique analysis.
Consistent forecasting of price movement in today's Forex market is a forgotten art
that requires a deep understanding of price structure and development. The Daily
Forecaster is a comprehensive report that guides traders through the trading day
and is based on an integrated blend of techniques perfected by veteran analyst Ian
Copsey. Based on the techniques described in his popular book "Integrated
Technical Analysis" (published John Wiley and Sons.) Ian provides his unique and
insightful 9 page daily report to a wide range of traders which currently includes
hedge funds to banks and retail traders. Take a free trial to see why so many traders
rely on his unique analysis.
DAILY ANALYSIS FOR AUDUSD
Posted 11-18-2008 at 04:25 AM by FX-Forecaster.com
Bias: Mixed waiting for breaks
Yesterday saw most of the day generating steady gains that stalled at 0.6594. From there we have seen a fairly deep pullback and the depth concerns. However, while this morning's low at 0.6428 remains intact I still feel that the argument for a direct rally is possible. We shall need a quick break above 0.6468 followed by 0.6506 to provide the lift needed to extend the upside through 0.6534 and to the 0.6560-94 highs. Take care as this could cause a small correction. Above maintains gains for 0.6627 and 0.6662-92..
Please open the PDF file for the full report.
Yesterday saw most of the day generating steady gains that stalled at 0.6594. From there we have seen a fairly deep pullback and the depth concerns. However, while this morning's low at 0.6428 remains intact I still feel that the argument for a direct rally is possible. We shall need a quick break above 0.6468 followed by 0.6506 to provide the lift needed to extend the upside through 0.6534 and to the 0.6560-94 highs. Take care as this could cause a small correction. Above maintains gains for 0.6627 and 0.6662-92..
Please open the PDF file for the full report.
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