Get started

Audusdshort

AUDUSD Technical Analysis And Trade IdeaThe AUDUSD pair has been showcasing a robust bullish trend recently. Our focal point narrows down to the 1D and 4H time frames, strategically aiming to pinpoint the most advantageous entry positions amidst a substantial price swing that is expected to undergo a retracement phase. Our primary focus revolves around identifying retracement levels within the 50% to 61.8% Fibonacci zone, an area we favor for optimal entry opportunities. This video delves into the intricacies of price action, market structure, and overarching trends, unveiling pivotal insights into technical analysis. Throughout this analysis, we delve into crucial elements: market structure dynamics, nuances of price action, trends' patterns, and fundamental technical analysis components. It is crucial to underline that this content serves purely educational purposes. Therefore, it is imperative to refrain from interpreting it as financial advice.
Long
by tradingwithanthony
Possible opportunity in Aussie vs USD this week?US dollar Attention will be paid to key economic indicators that roll out over the course of the week such as the Non-farm Payrolls jobs report, JOLTs job openings, and the ISM Services PMI survey. Moody's analysis suggests a cooling down of various labor market measures. The uptick in November jobs growth is attributed to the impact of the United Auto Workers strikes in October rather than a substantial resurgence in the labor market. Aussie Dollar The Reserve Bank of Australia (RBA) is anticipated to maintain its interest rate in its upcoming meeting on Wednesday, with a 97% probability for the rate to stay at 4.35%. There is only a 3% chance of a 25bps hike to 4.60%. This expectation follows the RBA's decision to raise the Cash Rate by 25bps in the last November meeting. A surprise decision by the RBA (or even a change in outlook) could see the Aussie dollar spike like the NZ dollar did last week. Look for weak preliminary job numbers coming from the US for extra confirmation of a bullish Aussie outlook.
by BlackBull_Markets
AUDUSD is trending downThe Australian dollar reaction to this mornings retail sales report was interesting as the move back into negative territory (see economic calendar below) may suggest the Australian economy (households) are feeling the impact of the current restrictive monetary policy. Although one data point does not make a trend, if these spending habits continue to decline, the Reserve Bank of Australia (RBA) fight against lower inflation may follow. The RBA’s Governor Bullock portrayed or more uncertain and cautious message in her statements shown below: “We're in a period where we have to be a bit careful.” “I want to avoid imposing too much and pushing up the jobless.” “We need to ensure that inflation expectations stay anchored.” “Monetary policy is restrictive and is dampening demand.” The PBoC’s Governor Pan on the other may have aided the pro-growth AUD by stating that monetary policy will remain accommodative.
Short
by TinaTradingGold