Trading the Inflation Sandwich: What to Watch? US CPI inflation (Consumer Price Index). The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%. This ongoing cooling of inflation...
THIS IS MY SETUP FOR AUD USD I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4. Trade carefully This is not financial advice, DYOR.
AUD/USD has reacted off the resistance level which is a pullback resistance and could potentially rise to our take profit. Entry: 0.6567 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.6514 Why we like it: There is a pullback support level. Take profit: 0.6621 Why we like it: There is a...
Hawkish comments from RBA’s governor have provided a tailwind for AUD/USD today, after she said that the central bank would not hesitate to hike rates if needed. This is all very well, but with the Fed in easing mode and the RBNZ potentially cutting next week, the probability of an RBA hike seems low. But her words have allowed the Aussie to have another crack at...
EUR/AUD is falling towards the support level which is an overlap support and could potentially reverse from this level to our take profit. Entry: 1.66204 Why we like it" There is an overlap support level. Stop loss: 1.64959 Why we like it: There is a pullback support level. Take profit: 1.67705 Why we like it: There is an overlap resistance level. Please be...
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 97 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 97 support and resistance area. Trade safe, Joe.
AUD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6567 Why we like it: There is a pullback resistance that lines up with the 50% Fibonacci retracement. Stop loss: 0.6620 Why we like it: There is a pullback resistance that...
GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 1.93444 1st Support: 1.91604 1st Resistance: 1.95355 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
AUD/CAD is rising towards te pivot nd could could reverse to the pullback support. Pivot: 0.90381 1st Support: -.89057 1st Resistance: 0.90834 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
GBPAUD - 24h expiry The primary trend remains bullish. A lower correction is expected. Price action has formed an expanding wedge formation. Preferred trade is to buy on dips. Bespoke support is located at 1.9475. We look to Buy at 1.9475 (stop at 1.9395) Our profit targets will be 1.9675 and 1.9715 Resistance: 1.9625 / 1.9690 / 1.9760 Support: 1.9475 /...
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 94.900 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 94.900 support and resistance area. Trade safe, Joe.
The price is rising towards the pivot and could reverse to the 1st support. Pivot: 0.6559 1st Support: 0.6465 1st Resistance: 0.6624 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bull bias or this..likely watching for pullback or whatnot for upside trading Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.656000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65600 support and resistance area. Trade safe, Joe.
AUDNZD strong zone breaked, strong indications for bullish continuation. TP1: 1.15800 TP2: 1.17800
Hey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.96250 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.96250 support and resistance area. Trade safe, Joe.
AUD/USD extends its gains on Thursday despite the release of soft Consumer Inflation Expectations for July by the Melbourne Institute, reflecting subdued consumer expectations on inflation over the next 12 months. The upward movement in the AUD/USD pair is underpinned by increasing speculation that the Reserve Bank of Australia (RBA) might delay joining the...
This is Part 1 of the Weekly Forex Forecast JuLY 22 - 26th In this video, we will cover: S&P500 NASDAQ DOW GOLD SILVER US OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do...