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Australiandollarfutures

AUSTRALIAN DOLLAR FUTURES (6A1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 0.69555 Pivot: 0.68620 Support : 0.68100 Preferred Case: On the H4, with prices moving above the ichimoku indicator and breaking out of the descending channel, we have a bullish bias that price will rise from the pivot at 0.68620 where the overlap support is to the 1st resistance in line with swing high resistance and 127.2% fibonacci extension. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support level at 0.68100 in line with the pullback support, 61.8% fibonacci projection and 50% fibonacci retracement. Fundamentals: Following Gov Lowe’s comments regarding an expectation for inflation to reach 6 to 7% and the requirement for further interest rate increases, we have a bullish bias on the Australian Dollar.
CME:6A1!Long
by Genesiv
AUSTRALIAN DOLLAR FUTURES (6A1!), H4 Potential for Bearish DropType : Bearish Momentum Resistance : 0.67660 Pivot: 0.67175 Support : 0.66485 Preferred Case: On the H4, with RSI moving along the descending trendline and price moving along the descending trendline, we have a bearish bias that price will drop to the pivot at 0.67175 where the 127.2% fibonacci extension, 100% fibonacci projection and swing low support are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 0.66485 where the 161.8% fibonacci extension and 100% fibonacci projection are. Alternative scenario: Alternatively, price may rise to the 1st resistance at 0.67660 where the overlap resistance is. Fundamentals: There was an increase in employment rate and decrease in unemployment rate for AUD today, giving us a bullish bias for the Australian Dollar. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CME:6A1!Short
by Genesiv
AUSTRALIAN DOLLAR FUTURES (6A1!), H1 Potential for Bearish DropType : Bearish Momentum Resistance : 0.68560 Pivot: 0.67685 Support : 0.66595 Preferred Case: On the H1, with price moving below the ichimoku cloud and along the descending trendline , we have a bearish bias that price will drop to the pivot at 0.67685 in line with the swing low support and 78.6% fibonacci projection. Once we have downside confirmation that price has broken past pivot structure, we would expect bearish momentum to carry price to the 1st support at 0.66595 where the -61.8% fibonacci expansion and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price may rise to the 1st resistance at 0.68560 where the pullback resistance is. Fundamentals: Due to the Euro dollar dropping, we have a bearish bias of the australian dollar.
CME:6A1!Short
by Genesiv
AUSTRALIAN DOLLAR FUTURES (6A1!) Monthly, WeeklyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
CME:6A1!
by Dinjin