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Australia

GBPAUD LONG LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE END OF THIS YEAR OR IN THE BEGINNING OF 2016 WHICH LEAVES GBP THE SECOND STRONGEST CURRENCY AFTER THE DOLLAR.ON THE FLIP SIDE AUD IS BEARISH ALONG SIDE THE OTHER COMMODITY CURRENCIES SUCH AS CAD AND NZD. CHINA SITUATION IS ALSO WEIGHING DOWN AUD. FIRST TARGET AT SWING HIGH/2.12000
Long
by remelthomas
AUDUSD 4 HOUR CHART SHORTI'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD CURRENCY IS STILL OVERVALUED AND THE AUSTRALIAN GOVERNMENT SAID HE.LL LIKE TO SEE AUD REACH 0.75000 WHICH IS ADDED CONFLUENCE THAT ITS ONLY A MATTER OF TIME UNTIL WE GET THERE. AUD IS DOVISH WHILE THE FED IS HAWKISH SO WE'VE GOT A GREAT DIVERGENCE ON THIS PAIR.
Short
by remelthomas
1
S&P/ASX 200 Daily (13.07.2014) Technical Analysis TrainingThe ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 index has made a bullish reaction exactly above the KUMO cloud last week. This is a new effort for uptrend between 5374 and 5523 that index consolidates from April 2014 until now. The daily diagram shows bullish trend. On the other hand the 5536.70 resistance level has tested 3 times before so maybe now it will test for 4th time. So the first think in mind is that next days the index will show if it can breach the resistance or not. MACD is bullish above the zero line and RSI too. We have no special candlestick pattern. The index is above the KUMO and above the Kijun Sen (blue line) and Tenkan Sen (green line) too. There is no special pattern except the triple top. The fib from 5526.97 to 5375.23 shows a consolidation in this area. So I think that the critical point is the 5526.97 level. If the Index get above it then the Tenkan Sen & Kijun Sen will be above the KUMO and force the bullish trend. Long on the case that index is above the support line.
ASX:XJOLong
by UnknownUnicorn13425