GBPAUD - Will The AUD Continue To Be Bearish?Analysis:
Bullish Confluences
In an upwards trend
Break & retest of a previous area of resistance for support
38.2% fib retracement level present
Upwards trendline present
GBP is the second strongest major currency where as the AUD is the 7th strongest major currency
25K short positions decrease for the GBP
2K short position increase for the AUD
Bearish Confluences
30K long position decrease for the GBP
1K long position increase for the AUD
Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Audweakness
EURAUD - Bullish Breakout Of The Range?Analysis:
Bullish Confluence Factors
Upwards trend
Break and retest of a previous area of resistance for support
38.2% fib retracement level
In an upwards channel
Longer term upwards trendline present
EUR is the strongest major currency whereas the AUD is the 7th strongest major currency
2K short position increase for the AUD
Neutral Confluence Factors
Neutral decrease in positions both long and short for the EUR
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
AUDJPY - Could The JPY Be Getting Stronger?Analysis:
Bearish Confluence Factors
In a downwards trend
Break and retest of a previous area of support for resistance
Downwards trendline touch
Increase of 2K short positions for the AUD
Decrease of 12K short positions for the JPY
Bullish Confluence Factors
AUD is the 7th strongest major currency where as the JPY is the 8th strongest major currency
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPAUD - Will We See This Pair Rise After CPI?Analysis:
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Strong upwards trend (bullish confluence factor)
Retest of a key level (bullish confluence factor)
50% fib retracement level touch (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
GBP 2nd strongest major currency (bullish confluence factor)
AUD 3rd weakest major currency (bullish confluence factor)
24K long position increase for the GBP (bullish confluence factor)
5K long position decrease for the AUD (bullish confluence factor)
Comment:
We have a strong reasons to be bullish on this pair, hence why we are. The CPI figures coming out for the AUD could give us the catalyst we need for this pair to head higher.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPAUD - Will The AUD News Change The Trend Direction?Analysis:
Looking at this pair we're able to see that price is making a move to the upside. This is confirmed when we take a closer look at price and we can see that price is forming a series of higher highs and higher lows which confirms our bullish thesis. Currently price is sat at a key level which has held as both support and resistance in the past so we expect that this level will be respected and will hold again. Fundamentally the GBP is the 3rd strongest major currency pair and each week it gains more and more strength, whereas the AUD is the 3rd weakest major currency pair making it not very attractive to buy. Although the AUD did have some bullish news last night we don't expect that this will continue especially after the AUD news that we're expecting tonight. If the news later tonight comes out bullish for the AUD then this will invalidate our idea however if the news comes out bearish for the AUD then we'd have everything that we need to enter long on this pair.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.