Seeking Alpha

mafura

mafura
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Mid-Week Forex Forecast For Thursday September 13th, 2012 [View instapost]
    Hi guys, as a newcomer to Jay's Instablog I just want to introduce myself. I'm a white South African living close to Cape Town and are trading forex for good ten years now. I use a 4 period ma crossover for trading signals but rely heavily on Heiken Ashi for confirmation of a good break.

    Regarding the AUD/USD I just want to mention that the monthly graph shows good strength, supported by a strong upward formation which is currently in bar 5. Bar 5 is pulling the ma's apart and is closing in on a downward trendline.

    Bar 5 currently has a very well-balanced structure but the FOMC's decision today can demolishes it altogether.

    The weekly chart also shows good momentum but needs to give a better signal for a break upwards.
    Sep 13, 2012. 02:24 AM | Likes Like |Link to Comment
COMMENTS STATS
1 Comment
0 Likes