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Trade the Bollonger Band Squeeze


Chart Forum » Forex & Bonds » AUD JPY

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Username: ehmu

Post Number: 689
Registered: 08-2010

Rating: N/A
Votes: 0

Friday, October 21, 2011 - 12:48 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)

I don't know exactly what the influence connection is, but have been looking at Australian charts and overlaying the chart for AUD/JPY.

This currency relationship is plotted as the first chart and seems to be consolidating (above the 61.8% retracement) for a small move upwards, or at least to follow the underbelly of the long term up trend for a little while. The RSI is currently holding above the 50% level.

The second and third chart show XJO_ax with the aud/jpy plotted over it.

_____ Hal

.......Not a recommendation to buy or sell equities

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