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6A1! trade ideas

AUD/USDAUD Last week AUD made gains with a rising volume, but the price range is still in a neutral zone. For the time being, no trade is recommended. If the price breaks the channel upward, it has two resistance zones. - Sell zone 1, as it is the start of the sell-off 21st September - Strong resistance - Sell zone 2, a two-year peak - Stronger resistance - Sell zone 3, every price above the top - Strongest resistance On these zones, we need to see a lot of supply as sell orders should be allocated based on them. Remember, supply and demand appear on the opening hours of London and New York, so don't trade on any sign of weakness. COT - Noncommercial positions have decreased both, long (-2,7%) and short (-5,6%), as long contracts remain more than short with 7K more. - Long commercial positions have decreased by 1,8% to 44K, as the short have increased by 1,6% to 60K
CME:6A1!
by The_Rich_Bull
Australian Dollar S T R E T C H E D Interesting price action today - as the US Dollar ( DXY ) was rising marginally so was the Aussie Dollar - while the Euro , CAD, British Pound all moved lower. After a month long accumulation - The Aussie broke out rising more than a cent - on the last Friday of August, and continued to move after hours. Today's price appears to be a stop run, before the market turns and go the other direction. This is a situation where you want to watch their hips not their eyes. We are outside recent value - this trade idea is that we return to value clean up the weak price structure. The second target is to the other side of value and clean more of this price structure. The US Dollar is skipping at the bottom of a channel - but its holding. Fund managers are adding to their net long positions - all pointing to lower Aussie Dollar prices. BLOOMBERG: 8-28-2020 EQUITY FUND MANAGERS RAISE S&P 500 CME NET LONG POSITION BY 9,213 CONTRACTS TO 144,877 IN WEEK TO AUG 25 FOR USD Speculators are short USD.
CME:6A1!
by Maximilianned
AUSIE Hi everybody. Currently, we look at the H4 time frame and see that this pair is forming a corrective wave B - the foot of the wave is in the form of ABCD. Analyzing on H1 chart - AUD future, we find that the pair is moving within a narrow price range of 0.684 - 0.689 - accumulating to move upwards, the target is expected to be in the area of ​​0.692 - 0.695 to complete wave B . Now, looking in the accumulation area, we see a volume of 2 times creating Buyingclimax at the bottom of the rectangular box. The price is now moving higher to the top of the box, and has begun testing the supply with a small volume bar - this is good news because the supply has shown signs of exhaustion. We are now waiting for the price to break out of the rectangular box with a high volume in order to identify the breakout above. The difference between AUD-US 10-year bond yield shows that the trend is still supporting the AUD Accompanying with technical analysis, basic information of RBA this morning showed that RBA's policy is to support AUD, though not much, it is enough to make the market reassuring. Happy Trading! #GrabTrader
CME:6A1!Long
by Antony_sg