The AUDNZD pair has been trending downwards but it seems to have hit a good support to go up again. Daily: There are a number of harmonic patterns coming in. Daily RSI is oversold. H4: There is a low of last week at 1.1045 and RSI is oversold and showing divergence. M15: There is a M15 RSI divergence. This is a countertrend with 50 pip SL to gain about 180 in...
Price has come to a great level. We can see multiple retest of the resistance level. Short at current price 1.7546 stops above 1.7722 and targets below 1.6752. Use proper risk management. All the best in this swing
All risky assets have been sold off since last night and I am seeing a consolidation now. Awaiting a final test of the 94.15 - 94.20 zone to buy this pair. Following the trend and aiming for 95.
In this video I breakdown why the markets are fundamentally long the AUD due to higher Iron Ore Prices and growth in China.
Love you all Traders... AUDUSD Bullish Breakdown Confirmed..... Follow the charts.. Thanks....
BUY AU , 12 mei 2020 , 15:32 WIB Entry : 0.6485 - 0.650 TP : 0.652 - 0.656 Breakout TrendLine Rising 3 Method Disclaimer - Buy/Sell at your own risk!
The Australian Dollar is in route to challenge a breakout from its long standing downward momentum. Currently riding on an up-channel, the current price point sits at the bottom of the trend line + both 50 & 200 EMAs are immediately below; indicating additional support. As observed on the 15M chart, after touching the bottom of the trend line, the price point...
Buy signal at AUDUSD right now! We have impulse and 3 lower lows at correction. So buy from 0.7236 SL - 0.7210 and TP - 0.7294 RRR - 4.95 Good interesting pattern!
KST points to a trend reversal Price hit a trendline on 4 hrs Price hit the lower band of Hurst Channel
Fundamentals:- The US had its Non Farm Payrole on Friday and although the unemployment rate dropped to 3.9% average hourly earnings had also dropped. The NFP figures showed jobs created at 164K when the market was expecting 190K. So mixed data but in all we are expecting a bit of a pull back from the Dollar strength last week. In Australia the economy has been...
Fundamentals:- I have chosen this trade primarily in the expectation of a weaker GBP due to the reduced CPI that was recently released and the lack luster wage growth which the BoE are watching closely. There are still pressures from Brexit although the economy has been recovering moderately since the recession. On the Australian side of the trade their economy...
Hello Traders, Whenever there is synchrony, chances of making money is often high. At the moment, we are seeing this synchrony. There is a confluence of technical formations in different time frames and that is why I think selling the Euro can be a good strategy. This is why I think this is right. First, as we are taking a top-down approach with the weekly chart...
Fundamental Analysis After the Rate Hike from the FOMC to 1.625 was priced into the market the AUD/USD broke out of its channel to the upside. As I said in the previous trade idea for the AUD the economy is improving after its transaction from the mining sector and I expect it to remain buoyant going through 2018. I will be keeping an eye on wage growth and jobs...
Potential for higher highs on this buy. I will wait for a pull back in the 4HR chart and buy AUD with stops at 1.066, take profit at 1.10 More here: forex.today
sell @1.66634 - strong daily resistance at X for protection. Nice opportunity to hop on the downtrend for trend following traders!
Although the AUD is fairly weak at the moment the recent rally on the GBP/AUD based on the RBA rate cut and dovish stance it is a bit of an over kill bearing in mind the UK referendum will weigh on the GBP leading up to the 23rd of June. Even if the rally continues we expect to see a pull back on the current up move from the current area of confluence. As you can...
After the better than expected Aussie employment report and the Oil price once again rejecting 30$b/b I would expect to see some minor strength in the Aussie today. The combination of the MPC official bank rate votes and other Important data due out in the UK today which I expect to be on the dovish side we should see this pair post further downside. On the...