FOREX PRO WEEKLY, November 14 - 18, 2016

[Venelin]

Hi Venelin,
It seems author means that upward aciton should happen?

That is what it looks like-very clear fractal. The question is will euro reach parity first...

 

[Zilvinas]

"222" in turn is a part of larger, H&S pattern:
View attachment 28615

Sive, if I understand correctly, you expect in medium term Kiwi to go down, because of H&S?
But in GOLD PRO WEEKLY(AUD/USD) , November 07-11, 2016 which you analyzed Aussie, you expect in medium term Aussie to go up.
But if is it really possible? Aussie and Kiwi are just like "sisters", because their correlation is positive in almost 90%, so they should go in the same direction.
So which one? Do you expect to go up or down?

 

[Sive Morten]

Sive, if I understand correctly, you expect in medium term Kiwi to go down, because of H&S?
But in GOLD PRO WEEKLY(AUD/USD) , November 07-11, 2016 which you analyzed Aussie, you expect in medium term Aussie to go up.
But if is it really possible? Aussie and Kiwi are just like "sisters", because their correlation is positive in almost 90%, so they should go in the same direction.
So which one? Do you expect to go up or down?

As AUD has dropped through key support week ag - this setup was destroyed...