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Australia

ASX200 ForecastASX200 is currently correcting to its local support off the back of an overextended bullish move and collapsing stochastics. The most probable event is we see price retest local support, before a pause for consolidation and then a break lower towards major support. We expect major support to hold for long entry, provided the world macro environment stays stable, although we are cautious of slowing international growth. The less likely event is we see equities bounce off local support and test for new highs. We see it as less likely given a slowing macroeconomic environment.
OANDA:AU200AUDShort
by Elemont
VIDEO ANALYSIS: USD AT KEY SUPPLY ZONEIn this video update, we take a look at the DXY to see how the USD is shaping up for the week ahead. Last weeks close was significantly bullish with price closing back into the $97.50 resistance. The daily chart shows price forming a bearish inside candle at the resistance and if we see any bearish pattern form here on the lower timeframes we could see the USD fall back to re-test the $96.60 demand zone. Our idea will be invalidated if price breaks the resistance and closes above $97.70.
TVC:DXYShort
by BlueberryMarkets
Australia is going to collapse this monthHolllld up. There are HEAVY implications of increasing force in an area of high potential energy, while every period is weighted to the downside for net expansion. This is an incredibly bearish chart, as even short term mass is expanding at a faster rate than long term mass. I strongly believe we're going to see a snowball effect of increasing momentum to the downside. If you have high potential energy with the force of a massive housing bubble looming on the horizon, what happens? Dominos are going to start falling. The first one has already fallen and the chain reaction has begun, as defined by the wave PM cross on the daily chart (which signifies short term mass expanding over long term mass.) i.imgur.com Godspeed.
Short
by DadShark
4
VIDEO TRADE ANALYSIS: GOLD POTENTIAL MOVE TO $1304.00GOLD has been selling off of recent and looks to be running out of steam on the daily chart. The outlook right now for GOLD looks extremely bearish due to price action on the monthly, weekly and daily charts. However, if we want to get short on this market in-line with the trend, we need to see the market retrace back to a key resistance level. The previous structure lows should act as resistance, in that case, we can potentially trade back to this on a lower timeframe. This is a contrarian set up and should be traded with caution.
OANDA:XAUUSDLong
by BlueberryMarkets
VIDEO ANALYSIS: AUDUSD AHEAD OF THE GDP ANNOUNCEMENTIn this video update, we take a look at the AUDUSD ahead of the GDP announcement. The RBA yesterday held interest rates, at 1.5%, this was likely to happen as reports suggested investors will be eyeing up the GDP release for last quarter. This data could have an impact on the RBA's decision to cut interest rates. Technically we need to keep an eye on the key support zone around 0.7050 as this area will be key to giving us an insight into what may occur next. If this zone holds as support, expect further upside. If we see a break and close below, look for further downside.
by BlueberryMarkets
VIDEO ANALYSIS: USD TO IGNORE TRUMP CLAIMSIn this video update, we take a look at the USD and how it could be shaping up for the week ahead. President Trump has claimed he wants to see a weaker USD so that he can form trade deals with countries, however, the market could ignore this as price action is suggesting a move back into $97.50. The monthly chart closed bullish which could suggest further upside to come for the greenback, with the weekly and daily timeframes suggesting the same. The 4hr chart will give us the early clues if we are to see upside.
TVC:DXYLong
by BlueberryMarkets
ANALYSIS: AUDUSD REMAINS RANGE BOUND AUDUSD remains range bound this week as the currency pair gets pulled back and forth between good Chinese date and poor USD data to poor Chinese data. The market needs some form of a catalyst to attract investors attention and with the Chinese economic slowdown hovering like a dark cloud over the AUDUSD it could be difficult to see signs of significant change here. The big mover will be the AUD data if we can see any upside to employment or housing prices the decision to cut rates will fade leading to the rise in prices.
by BlueberryMarkets
The game of Aud/UsdPrice movementIn In yesterday's session price is returning near a key support zone. In fact, at 0.7144 we find the dynamic support identified by the EMA2O daily, while at 0.7108 is located the 76.8% of the Fibonacci retracement: this area should not yield but, because of the macroeconomic scenario that has been configured, it should bounce the price towards a target around the resistance identified by the EMA200 daily at 0.727; if it were broken upwards, the trend will continue until the next static resistance ( 0.733 ) Fed & Powell The Fed, which will not raise rates in the very short term, and therefore with a softening of monetary policy, the dollar should continue to lose strength until Powell's signals of change arrive.
Long
by BFCMInvest
ANALYSIS: GOLDS KEY CORRELATION In this update, we take a look at the correlation between the price of Gold and Chinese Yuan. Since the end of 2017, we have seen the correlation between the commodity and the currency pair grow stronger. When the Chinese Yuan finds support and begins to impulse we see Gold do the same. When the Yuan finds resistance and starts to move lower. The Yuan here looks to have slightly more room to the upside before finding resistance and we should expect Gold to test $1350 before seeing any definitive downside as this is such an important zone for the commodity. Keep a close eye on the correlation as it has proven to be effective over the past year.
FX:XAUUSDLong
by BlueberryMarkets