The strong Dollar and less demand for higher-yielding assets have put the Australian Dollar in a position to challenge the last Main Bottom at .7828. A trade through this price will turn the Main Trend to down and could encourage more selling pressure. The first down side target is .7274.
Tags:James A. Hyerczyk is a registered Commodity Trading Advisor with the National Futures Association. Mr. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report and The Futures Pattern Price Time Report, daily, weekly, and monthly newsletters. He also manages an educational, research and consulting service. James has provided technical analysis for The Hightower Report, eSignal, FuturesSource, CQG and numerous financial market websites including ForexHound.com, FuturesHound.com, ForexTV.com, IBTimes.com, Investopedia.com, Traderslog.com and TraderPlanet.com. Mr. Hyerczyk has presented seminars for Bloomberg, Reuters, Futures Magazine and the American Association of Individual Investors (AAII) in the United States, Malaysia, and Guatemala as well as private seminars in Budapest and Moscow. He also facilitated a technical analysis class at the Chicago Mercantile Exchange. His published works include articles for Futures Magazine, Trader’s World, SFO Magazine, Forex Journal, and Commodity Perspectives (Commodity Research Bureau). His book Pattern, Price & Time, published by John Wiley & Sons, Inc. in 1998, is available in English, Russian, German, Japanese and Chinese editions. The second edition of the book is expected to be available in April 2009 Aside from his published works, Mr. Hyerczyk has appeared on the Financial News Network (FNN), Reuters Financial Television, Ask the Expert on WCIU-Chicago and First BusinessX.com. He was a weekly commentator on Money Radio. Mr. Hyerczyk is a member of the Market Technicians Association and holds a Masters degree in Financial Markets and Trading from the Illinois Institute of Technology.
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