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Aussiedollar

Risk off for earnings season=> Here we are expressing a bearish view for earnings season next week via shorting AUDJPY. => After Apple missing badly, rightfully we should be concerned for the week ahead. There are many ingredients now in the pot cooking for the economic slowdown and here we can isolate Australia as the domestic story remains bearish. => The technical side of this trade is simple. Here we are selling resistance with targets at the middle of the range. => Good luck all those in live
Short
by ridethepig
1
Big Picture View on AUDUSDWe can see the impulse move to the downside on the left of the chart, indicated by the first pink arrow. Then there was a consolidation structure formation which completed 5 waves and broke to the downside. This indicates that we are in the second impulse move, indicated by the second pink arrow on the right. Based on the initial impulse length, we can expect a fall to around the 0.5600 mark which is still a long way down! Obviously this will not go in a straight line and there will be many trade opportunities on the way down on smaller time frames. Check out our trading signal service to get the exact entry, SL and TP levels for our trades. Happy Trading! Linton
Short
by Linton_White
Triangle broken...=> The ABCDE triangle has been in play since we bounced in 2015 and has now broken. => Remember these are levels that have been tested multiple times over the last 3 years and the break should therefore be viewed as imperative. => From a technical perspective the market has support at 1.048-1.047 and although this may trigger a period of consolidation as the volatility compresses it should be used as a opportunity to re-engage in further downside exposure. => This has the potential to as low as parity with a minimum flow towards the cycle lows. A very interesting one to track for 2019. => Best of luck to those looking for positions or already holding shorts...
Short
by ridethepig
AUDUSD daily review The Australian Dollar depreciated about 76 base points against the US Dollar on Friday. The decline was stopped by the lower boundary of an ascending channel pattern at 0.7160. Everything being equal, it is likely that the currency exchange rate regains some of its lost points within this session. The potential upside target will be near the monthly resistance level at 0.7244. However, the 50-and 100-hour simple moving averages at 0.7205 could prevent the AUD/USD currency pair from reaching the given target today.
by UnknownUnicorn890690
[AUD/NZD] Strong NZD vs Weak AUD = Short! [BTFD-VIP]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... The AUD/NZD is in our sights, waiting for a decent pullback and shorting this pair due to a very weak Aussie dollar and a strong New Zealand dollar AUD had pretty poor news releases this week already adding to its general weakness there are three major low support levels shown by the purple lines, we can use these to take profits from after dropping out of the descending channel we can see it in oversold areas which should bring the price up a bit in next 24-72 hrs in which we will be looking for an entry... looking for a pullback to around 1.0500-1.0550 for an entry using small lots Targets 1.035 & 1.0222 S/L at R1 resistance level 1.0625 if we do not get back up to those levels i suggest a buy stop at the S1 level or anywhere in between this will be a short-mid term trade continuing with the current downtrend disclaimer: this is for entertainment purposes only and not be considered trade advice
Short
by majorlee
4
AUDUSD - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe
AUD/USD LONG (time to short the dollar)Okay guys - my previous AUD/USD idea was only a short-term (short) scalp of the market. My technical analysis consists of a combination between descending trend-line (which has been re-tested at the 0.716 level of support/resistance). Now I will be looking for a re-entry on my long position to ride this potential up-trend continuation - after seeing weakness in the US stock market and the dollar index. However, I will be using a narrow Stop Loss. Disclaimer - Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. Stick to your trading plan, no matter the market conditions.
Long
by StirlingBishop
The US Midterm elections to drive the "Aussie"Trade Set up - In theory, tactically shorting the ‘Aussie’ around 0.7100, targeting the psychological level of 0.7000 level would make sense for technical trades, given the entry would be aligned to a strong underlying trend. That said, the big picture and set-up on the daily makes us cautious to take that trade, in fact, we would look to initiate a long entry if we see a daily close above 0.7160 level. Why we like it - The ‘Aussie’ has been trading a bearish trend on a technical basis since the beginning of the year and this trend appears to be very mature. We can see bullish divergence between price and (slow) stochastic momentum, suggesting a potential reversal could be in play. A close through 0.7160 would go someway to confirming this. The US Midterm elections next week could cause volatility in the market, and we see the risk to the USD skewed to the downside, which would support AUDUSD on its way higher. The Democrats appear to be ahead of Republicans to control the House and while this is likely in the price we could see FX speculators fad US exposures into this event risk. Large players might start closing profitable short AUDUSD positions ahead of the risk event, and this short covering fuels our bullish case for AUDUSD. For this trade to play out we need to see a daily candle close above 0.71600 level where buyers might step it, and our potentially bullish stance heightened on a close through the 55-day moving average. Traders should approach this trade tactically and way for the market to provide an opportunity for a long entry above 0.71600. Given the CPI data due on Wednesday traders should consider keeping their positions to a minimum. We have also explained the US Midterm election in this video Disclaimer Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation
Long
by Pepperstone
1
AUDUSD - BULLISH CONTINUATION TRADE SETUP (SECOND ENTRY)I'm revisiting the AUDUSD bullish trend continuation trade setup. After the first setup I posted earlier shy few pips from our 1:4.1 TP zone, we had a slight pullback to the broken daily swing level. Since the price has made a decent retracement to our confluence level and gives us an excellent Counter Trend Line placement, we have the potential to see a further leg up after the proper break of our CTL. Find the link to the previous analysis below. Thanks for reading.
Long
by Veejahbee
AUDUSD Long ideaWeekly T.F: Rompimiento de linea de tendencia semanal la cual predominaba para entradas en corto y confirmo salida para posibildad de ruptura de tendencia y nueva tendencia alcista + 78,6% de fibonacci el cual nos confirma retroceso alcista lento. Daily T.F: Doble piso + emas alcistas con ema de 21 restando en zona de soporte 0.715 + 61,8% de fibonacci correlacionado y extension fibo en -61,8% cercano a monthly res 0.755 Orden: Buy order in 0.71575 Sl: 0.70874 Tp: 0.7439 R.R: 1:4
Long
by snipertariy