Forex Analysis for 11/06/12

Wow, the AUD was a beast today!

Euro was more neutral, but still has bearish potential…

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  • The daily candle closes at 5pm est time with the charts that we use.

  • Michael M

    Hey Casey what are you doing advertising Dustin Pass’s Elemental Trader program ? The demo only lasts a short time .The full asking price is the usual $1997 that Dustin Pass asks for anything he sells .The same or better Harmonic Pattern Finder is FREE and can be found by searching for Kor Harmonics .There are also other Harmonic pattern finder programs that cost less than $1997 .

  • VASILIS

    EURUSD SELL 1,2770 SL 1,2842 TARGET 1,2660

  • Phil..

    Great analysis Nathan, thanks, lots of good tips and sound trading advice, it’s
    always much appreciated.
    I agree with you on the Aud/Usd. I am also looking to go long on a good PA entry signal.
    It will be interesting to see how the election result affects the market in the next few
    days, I believe a decisive victory either way will rally the market ,Especially the
    risk currency’s like Aud and Kiwi…

  • Lawrence Trowbridge

    I am usually watching this in the evening on the west coast. 9pm eastern and sometimes the close of the daily is different than your post. It is now looking like the EUR/USD will close lower than the previous day Still 3 more hrs. though.

  • Will B.

    Thanks again! What are your thoughts on the AUD/JPY possible breakout?

  • Ravi

    EURUSD did not reach the trendline but it bounced off 200SMA.