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Aussiedollar

AUDJPY - THE TREND IS YOUR FRIEND (AUDJPY)Hello friends. For some time now, AUDJPY has been downtrending after finding it's place under the .236 speedfan resistance. Now, a short term rally may provide us with an opportunity to cash in on this trend once again. Now, this trade IDEALLY would have been taken at the 62% retrace - 88~ Already, we have touched the 127% extension. I believe this rally is a result of grinding against the fib circle shown on the chart. This trend is strong, so I see no reason why the 162% extension can't be our new target. At least, I expect a retest of the 127% extension. A good entry would perhaps be a retest of the 0 line of the impulse wave - 76. Stop loss would be a breakout of the .236 resistance. Careful here, we could see a pop to the top of the channel. This trade isn't beautiful, but with a 3.13 RRR I think we can take it just fine. Smaller positions will do well here. Good luck traders.
Short
by vox-populi
Aussie: Bulls Very Strong!Hello dear Forex friends, hope you're doing well guys! Our last analysis was spot on, as we've correctly identified the bottom bounce. Now after this huge bull move up, we can expect the bulls to pause, but they're still very strong if we look at the Daily consolidation with the Doji's. Have fun watching! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Long
by Edgy_
Australian dollar possible short term upwards correction Australian dollar possible short term upwards correction but are we going to see a continuation of the down trend? The Australian dollar has been under pressure from a strong USDOLLAR and persistent weakening of monetary policy in the region. I'd expect to see some pullback here and see what happens as it could continue sharply lower as we have seen this year. If we continue making higher highs expect a quick return to the 0.695 where a test will be made a probably test the low again.
by lavishlunch
Navigating The Market : Trading Plan #AUDNZDThere was liquidity run as anticipated yesterday. Price stayed around in that pool and barely got out to make a meaningful trigger for me to Long AUDNZD. As Tokyo opens, we saw price breaks through above Friday's low suggesting it could be time for price expansion after accumulation. Having said that though, there will be risk events in 7 minutes as of i'm writing now, Retail Numbers for Australia. Fantastic time for the institutions doing some stop hunts. I will be looking for a quick tap downside, another tap into the liquidity pool. 12.30pm (Singapore time) there will be Australia Cash Rate (another best time for tapping in those sell stops down below!), I am expecting they will hold their rate at 1.00% and whatever it is they plan next month have been fully priced in The actionable from this : Long AUDNZD when : Price close above the filter line OR Price makes another move to the downside (close below Monday Low) and wait for another bullish trigger (which would opt me to draw a new Filter line). I love the latter plan better.
Long
by sufiansaid
3
Navigating The Market : Simplified #AUD NZD 2nd Sept 19The AUDNZD had been in a bullish trend since price bounced off at 1.0280 on 6th August 2019. That bullish move day followed by a massive price expansion the vary next day (230 pips!) thanks to RBNZ cutting their rates from 1.25% to 1.00%. NZD had been in a massive sell off across the board since then. Retail sentiment on NZD however, remains bullish NZD. Indeed, retail sentiment is looking for that reversal- believing the marked have priced in the RBNZ move. Never a good idea. I am bearish on the NZD due to the following three things : 1) I am (trying) a contrarian trader. I generally look to trade the other side of the general retail sentiment. NZD is heavily bid in retail, so I am keen to be the in the other side (this is too simplistic and binary, I know. This is not the only parameter that influences my bias) 2) Simply look at the chart, we are in an uptrend. Stick a long term moving average there (50MA, 60MA, 67MA, 82MA, 86MA etc etc), price is trading well above that. It is tempting to trade reversal after a long trend, picking tops (and bottoms if its in a bearish trend). I am somewhat a trend following trader, discretionary. At the moment, its not the optimal time to think of shorting AUDNZD. 3) The monthly range and weekly range was reached and exceeded. Now, usually, when this happens I would shift my short term bias to a reversal mode - as liquidity "dries out" and it would the time for the banks to take profit but I believe it was due to the fundamental factor (RBNZ cutting rates), so I will maintain my sentiment bias for now. 4)I believe there will be liquidity run this week between 1.0700 to 1.07300. Plenty of potential retail buy stops there, oceans of them. Liquidity Pools are like magnets. My plan, since I am bearish NZD, is to long AUDNZD when the usual stop hunts have been completed. I expect a stop hunt (another form of liquidity run) at 1.06500-1.06350 in the downside and then I will find a trigger to long AUDNZD. Alternatively, if the price goes up first and tap around 1.0700, I would have to assume its for trapping breakout traders and then they will take their stoploss out at 1.06500-1.06350 - in which by then, I will be looking to long AUDNZD from there. If price continues through without touching the liquidity pool coincided at theFriday low, then I will stay on the sidelines and re-adjust my plan.
Long
by sufiansaid
5
AUDUSD WAITING FOR BREAKOUTPrice Action (Technical Analysis): The Aussie has been getting dumped for an extensive period coming up against the US Dollar. What is interesting about this price range we are currently accumulating at is that in historical data we see a VERY Long Wick in the Daily Time-Frame that touches this zone and buyers rushed to press price to close above where price action is right now, we previously saw buyers rushing in at support that gave us a Bearish Daily Long Lower Shadow telling us we may experience a break above consolidation and a retest going long. Let's say this pair executes in this manner, then we will consider this bullish trend in smaller time frames an exhaustion from the Aussie being pushed to low to support. (After an Impulse Price needs to chill and take a breather (Correction)). My analysis is that we can day trade a break above structure or a break below and find entry reason after a pull back to previous structure or using our Fibonacci Tool.
by RiosTrades
1
BIG LONG COMING ON AUDUSDAll market moves consist of an impulse, a correction and then another impulse. Our job as traders is to identify the first impulse and then the correction so that we can trade the second impulse. On the H4 above we can see a clear impulse move and then a 3 wave correction which has formed. It is not guaranteed that the bottom of wave 3 has formed but I have entered a position here. It is possible that there will be a 5th wave down before the break to the upside as indicated by the 5 red waves. I am however optimistic that the break to the upside will occur after this third wave reversal. There is also very large support on the monthly time frame and I believe that an interim move to the upside is very likely. Happy trading! Linton White JP Markets South Africa
Long
by Linton_White
AUDCAD BUY IS COMING I haven't changed anything since I did my last idea on this. I told those during BoC news trading to buy and sell at the 50% fib. I did not take the sell as I am a BUYER of AUSSIE for the foreseeable future and I will have to counter this with how CAD moves with oil as time goes on. I am studying the effects of cad and oil on audcad. I have heard playing the extreme prices on daily work well on this pair. We have hit the price zone I expected to come into play. NOW we are looking for the INV head n shoulder pattern I kinda threw out there on the last idea pre-move of BoC jump and drop wave 5. Understand that POINT D has 2 points it can always hit. D1 or D2 which is a farther fib extension and gives a higher probability of reversal momentum. Steps that have successfully happened in this idea.. - BoC rate was not changed as expected - Wave 5 reversal came into play after the breakout of the pennant. Point D2 was successfully hit giving the market a better discount on AUSSIE dollar. How to handle this trade: BUY STOP around D with a SL below the daily low of the wave 5 bell curve What you shouldn't do: Try to catch a falling knife. wait for a reversal confirmation or bet low with a high range of +/- ratio if you are a swing trader.
Long
by AschraM
Aussie: 11 Red Candles! Trump Giving The RestHelloo Aussie traders & forex friends, hope you're doing well guys! When was the last time we had 11 red candles? => I'm mostly trading crypto, also looking at stocks and commodities, I cannot see a time with 11 subsequent red candles. The Fed certainly didn't do what was expected (to lower the interest rates more), but Trump crushed what was left over. The fear of Trump raising the tariffs for Chinese imports & generally widening the trade war lets investors to think that Australian-Chinese trade could be heavily impacted as a result. 2 Options now: 1) Even though we have broken crucial previous support at 68 cents, we are still so hugely oversold, that some sort of reaction from the bulls is the most logical/probable action right now. In this case of scenario, we could e.g. still bounce up until 68,5 previous lows, and still reject and break lower. We can already see the Daily candle potentially shaping up to a Doji right now: so we could actually turn the 11th red candle into a bullish one! ;) 2) Should we against all logic/oversoldedness still keep going lower, we have the January flash crash lows of 67,2 Cents. In the big picture though, don't forget this: Conclusion: The most likely scenario is some sort of bounce from the bulls now at least. If this doesn't happen, the 2008 financial crisis lows of 62-60 cents will be activated. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Long
by Edgy_