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Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Wednesday, 3 July 2013

AUDUSD

Looks like there is a chance of this sticking down here. I have applied Pyrapoint at 22.5degrees to the last 25day cyclic low to see if it provides anymore clues as to pathways. Seems that if 0.9085 can be recaptured, 0.9325 or 0.9568 would be viable targets as certainly fits the cyclic phasing and FLD analysis. A continued drop however into the 100 day low would likely be targeting 0.8848 at 45degrees from the last 25day low.

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