numerologyart

COT and price action supported bull move for next 6-12 month

Panjang
CME:6A1!   Australian Dollar Futures
Last year we witnessed an attack on a low made in 2008 and it was successful, but price was not willing to go lower. Instead it turned around and started to brake structure bullishly.

Are we in a buy programme now?

By comparing chart data with COT data we see that long book is growing exponentially starting from end of june this year.

All this and weakness in Dollar index is making a nice stage for other currencies to rally!
Penafian

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