Australian Dollar Gann Angle Review

By: readtheticker | Fri, Sep 23, 2011
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Australian Dollar Gann Angle Review

Here is a quick review of the Aussie dollar ETF (FXA) showing how the latest trend change was so easy to see, and that a sell off was always to be expected.

The Gann Angle 1x1 (45 degrees) can be used to check the health of the trend. With a bullish trend the upwards 1x1 Gann Angle should always win, and in a bearish trend a downwards 1x1 Gann Angle should always win. When there is a change in behavior then a trend change can be expected. This is exactly what happened recently to the FXA (ETF for AUDUSD forex pair).

Using Gann Angles with Hurst cycles always works well. See here: The Australian economy is in the long drop

Please review...

Australian Dollar Index

 


 

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Author: readtheticker

readtheticker
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We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/