##{"id":60386,"date":"2012-08-08T12:24:38","date_gmt":"2012-08-08T02:24:38","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/08\/08\/strong-aussie-good-sign-for-commodities-shares\/"},"modified":"2012-08-08T12:24:38","modified_gmt":"2012-08-08T02:24:38","slug":"strong-aussie-good-sign-for-commodities-shares","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/08\/08\/strong-aussie-good-sign-for-commodities-shares\/","title":{"rendered":"Strong Aussie Good Sign For Commodities, Shares"},"content":{"rendered":"

\n\tFNArena<\/span> has added another video to its Investors Education section on the website. This week ATW's<\/span> Jerry Simmons starts his discourse talking about the Friday just passed and how it was a pivotal day that could turn into a key event day.<\/p>\n

\n\tThere was a bit of good technical news from the AUD\/USD Daily, as it finished the Friday and the week at a high, which is a bullish sign for commodities and global equities.<\/p>\n

\n\tChina remains a crucial market to track, with Jerry noting the iShares<\/span> FTSE\/Xinhua<\/span> China 25 Index is approaching a strategic Dual Purpose Trend Line. It’ll have to back above 35.5-36.0 for continuation to the upside, thinks Jerry.<\/p>\n

\n\tIn commodities, Comex<\/span> Gold posted a break out failure two weeks back and Jerry thinks we need a break above that week high in the 1635-1640 area for more signs of upside.<\/p>\n

\n\tFor the oft discussed EUR\/USD Weekly, Jerry notes a 180 degree cycle hit a low the week before, with the trend up last week. Given each of the 4 previous lows were at 180 degree cycles Jerry sees a fully qualified weekly break out.<\/p>\n

\n\tHowever, Jerry isn’t convinced this carry into the future, noting a very high rated 5 wave move was completed at the prior week’s, so it would not be unlikely to see the market pause at last week’s high given it is in-line with the 2 previous week’s lows. A breakout past 1.2450 will be needed for a continuation to the upside.<\/p>\n

\n\tTo view the ATW<\/span><\/span> Strategic Prep Video click HERE<\/a> or visit the FNArena<\/span><\/span> Investors Education <\/a>section of the website<\/span>.<\/p>\n

\n\t
\n\tAll views expressed are Jerry Simmons's, not FNArena's<\/span> (see our disclaimer).<\/em><\/p>\n

\n\tJerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme<\/span> within the education system at New York based Advanced Trading Workshop (ATW<\/span>).<\/em><\/p>\n

\n\tFNArena<\/span> is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses<\/span>.<\/em><\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"