AUD/USD Daily Video, February 22, 2011

[Sive Morten]

Hello everybody,

due to yesterday's thin market and escalation of Middle East conflicts (Lybia and Bahrain) there was a strong increase in demand for safe-haven USD and JPY currencies.
Although our long-term analysis could appear to be still valid, short-term situation has changed drastically:




The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[FreddyFX]

Sive, nothing about EU today?

 

[Billmon77]

Sive Analysis

Hi Sive,
As always, great work. Your chart work saves us a lot of time.
Thanks again

 

[Q-Rick]

Sive,

I'm looking to go long the CHF around MIDNIGHT US EST. Way oversold & @ Fib Ret 88%, take a look. Also, I'm looking to go long AUD w/small Inverse H&S building and bullish diverenge on the RSI. Take a look.

 

[Q-Rick]

Two USD opposing trades. Very safe trade if both are done simultaneously. It will be interesting on short term basis. Take a look.

 

[tony mau]

Eur/usd

Hey

Can anybody tell my wy is it that when there are great numbers from the us existing homa sales the eur is rising and not falling?

/Tony