AUD/JPY - Can the AUD outperform the JPY?COMMENTARY
The AUD seems to be gaining the most against the JPY compared to the following G10 Fx pairs including the NZD, CAD, EUR, and the USD in front of tomorrow's Reserve Bank of Australian (RBA) interest rate decision. High price action across the AUD cross pairs is expected upon tomorrow's RBA rate decision.
Current price for the AUD/JPY is above its 40 day moving average (bullish), MACD above its signal line (bullish), rate of change 13 day above its signal line (bullish); upside potential for a retest of the 92.8s provided price can remain above the 89.9 support; downside risk on break below the 89.9 support could position short sellers to target the 87.90 area.
Not investment advice. Past performance is not indicative of future results.
Australia
AUDJPY LONG: Update 1 Post News ReleaseAUDJPY LONG: Update 1 Post News Release
Stoch/Rsi hit respective 50% level
Retested and has risen again indicating
a strong trend reversal as previously seen
in history this pattern happens before
a strong bull trend.
Ive entered a little early
and should have waited for todays candle
confirmation to confirm the breakout of
the downtrend but will be managing
my risk accordingly.
Pound stronger, long shadow to sup plus 0,764 fibo crossedAfter a downtrend the candles made a long shadow trying to catch the support and has finished the hour in a bullish candle followed by bullish candles
The shadows have already crossed the fibo 76,4%, and seems the orange line will be tested again as a resistance
ASX Trading (by Trades)As you can see, I have temporarily modified my bio as I am trying something new.
As currently offered by platforms, volume is a total value of all trades and does not provide specific information on the size or direction on particular trades.
This granularity is used by banks and investment funds who keep track of competitor investments.
ASX Block Trades are generally only available through the Bloomberg Terminal with an addon (extremely expensive).
I have developed this tool on TradingView which uses the Volume to project potential block trades and the direction of price change to derive the underlying direction of the potential trade(s).
However, I have made the effort to acquire direct access to the ASX data feed to get this data.
Someday, TradingView will have the functionality to integrate my external feeds into the platform, but for now - the curreent state of the Block Transaction tool is all that is available on this platform.
Regards,
Grant
AUS200 forecast December/JanuaryWith holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January.
This might play out two ways:
1. Bullish scenario:
- we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows)
- looking into Elliott Waves strategy - we could face one more wave to the upside
2. Bearish scenario:
- not much movement until Jan, staying around 7080-7195.
- drop to 6500.
Long story short I expect going back towards 2022 lows in the next three months. It’s hard to say when exactly it’ll happen. Big move can be triggered by pretty much anything at this point (worse CPIs, new Russian sanctions, restrictions in China, new wave of Covid….).
This is a risky enviroment so trade carefully and always do your own analysis before opening the trade.
NAB IDEA HELLO GUYS THIS MY IDEA 💡ABOUT NAB is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
Aussie depends on the economic conditions of ChinaWhile so many analysts believe that China will reduce Covid-19 restrictions and Aussie will start a bullish rally, I think authoritarian regimes do not care about demonstrations. Because giving importance to demonstrations is a message to the people that you will get the rest of your rights with demonstrations.
So any bullish breakout may turn out to be a false one. I'm looking for short trades now!
AU200AUD Pitchfork long broken but opportunity not goneHoping that the opportunity has not passed as the 1D pitchfork broke a while ago (not all my criteria were met at that time) but now just awaiting one indicator ( MACD cross on 1M) however, given support has already been retested I thought it might be worth a cheeky go! :D
Three targets:
T01 based on 1W 786 and 1D SR (25%)
T02 based on falling TL on 1D (50%)
T03 based on 1fib and 1W SR (25%)
2% risk with trailing stop only added once 2% clear of entry :)
🤞❤ OANDA:AU200AUD
AUDUSD - SHORT [Descending Channel] AUDUSD is in a short trend since August 12, and we can clearly see a descending trending line here in 1H TF, and you can also check the Daily TF and you'll see we have a support created some days ago, and seems to be a strong support and already tested.
And FED today had and is having right now a speech and the biggest concern is the inflation.
Evans also seems to convey that the FED is optimistic about the economy of US
💵Australian Dollar/New Zealand Dollar 💵Analyze (10/05/2022)!!!Australian Dollar/New Zealand Dollar succeeded in making Bullish a 🦇Bat🦇 Harmonic Pattern near the trend line.
I expect the Australian Dollar/New Zealand Dollar will go UP at least to the resistance zone.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AU200HELLO GUYS THIS MY IDEA 💡ABOUT AU200 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AUDUSD short idea
Fundamental bias for this pair is Bearish, because of Strong USD in sake of hawkish monitory policy and neutral bias for AUS because of decrease in China's economic growth and the problems of Corona in China, which caused problems in the supply chain
Daily trend is sell
AUD 10Y bond yield: 3.976
U.S. 10Y: 3.697
Most of Retail traders are in long position so this is another sell opportunity.
This opportunity can be open a sell at 0.64888 and another sill limit at 0.66234 area
AUDUSD | LongHi guys
The dollar index is in an important resistance range and is prone to a good correction to the range of 106.70.
On the other hand, there is a valid upward trend in the AUD/USD currency pair; By the way, he has done a very good correction.
Targets and stop loss are specified in the chart
be profitable🤑