03/30/2014 – Australian Dollar
Issued: 03/27/2014
March Australian dollar, previous update:
1. Today’s March Australian dollar completed the forecast decline from $91.30 to $90.30 noted in the previous update (today’s session low, $90.19, so far).
2. The indicated decline occurred after a single test of the $91.30 selling territory which occurred on March 7. Any further entry or indication will be messaged in the June Australian dollar contract.
Latest update:
1. We are now trading in the June Australian dollar.
2. A daily close tomorrow, Friday, March 28 below $92.10 in the June Australian dollar will indicate new short entry for a ‘soft’ decline to at/near $91.70, then at/near $91.45. Will update as the market continues to confirm.
David Williams
Issued: 03/31/2014
June Australian dollar, previous update:
2. A daily close tomorrow, Friday, March 28 below $92.10 in the June Australian dollar will indicate new short entry for a ‘soft’ decline to at/near $91.70, then at/near $91.45. Will update as the market continues to confirm.
Latest update:
1. Friday’s June Australian dollar closed below the critical $92.10 level indicating the forecast ‘soft’ decline to at/near $91.70 initial downside target noted in the previous update (today’s session low, $91.71, so far). Further decline remains possible, noted in the original update. Will update.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.