johnluke31

johnluke31

The Australian Bank has decided to cut its interests rate to 0.10%. Borrowing money will happen more often as expected due to its economic downturn. AUD in the long term will be weak. For the euro section, we can see a second wave impacting its sectors, however their measures for premature lockdown has indicated its success in controlling the virus. The bull flag...

johnluke31 Updated 

Based on the election outcome, we can see that dollar may see weakness based on the possible riots and national or state emergency being implemented. DXY shows some of that correlation. We can see an actual rejection on H4. Views?

johnluke31

DESCENDING CHANNEL TO HIT THE RESISTANCE

johnluke31

Expect price to the reach the trend line. If it breaks out and retest upwards, bullish momentum is possible if breaking the point of 106. views?

johnluke31

any views?

johnluke31

I would say this market could enter a phase of ranging, this is because the covid cases surging in belgium and germany, plus the manufacturing sector for some europe countries are in a slow development recovery due to new restrictions. The US dollar index is also in no man's land waiting for a breakdown or breakout.

johnluke31

Despite the september report being optimistic for NZD, the economy is still at stake due to the closures for its borders. International tourism was worth 15.2 billion in 2019, looking into 2020 it might drop a lot.

johnluke31 Updated 

Being awared that there is an ease of restrictions for australia's victoria's borders could trigger a retracement and Q3's improvement in GDP

johnluke31

This setup TP1 79.9 TP2 80.2 TP3 80.6 SL 79.1. Views?

johnluke31 Updated 

Based on the clean triangle breakout, the retest of the trend’s previous resistance becomes the support and it was rejected. Long term the Canadian dollar is strong while the Swiss central bank’s investment in tech companies are at stake, such as GOOGLE being threatened for its privacy policy and data collection from users. Any views?

johnluke31

Coming to huge resistance, may see pullback at 1.79726, if does the support holds, bullish is possible to 1.81055