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Audsignals

AUD/NZD in profit trade idea updateAUD/NZD Fundamental, Technical, and Signal ( NZD fundamentals and events, click link ) *AUD events will be the drivers during trade. AUD Previous Important Economic Events: - Consumer Confidence and Confidence Change ( Both actuals below forecast and previous supporting consumers low enthusiasm to spend in the future. ) - Business Confidence ( Below forecast and previous supporting businesses expectations of higher earnings ) - Unemployment Rate ( Lower than forecast and previous. Employment increase due to higher cost of living outweighing income, credit and savings accounts ) AUD Upcoming Important Economic Events: - S&P Global Manufacturing and Services PMI Flash ( Manufacturing Forecast 56—.2 lower than previous — Services Forecast 52.3—.3 lower than previous. ) - Year over Year Inflation Rate ( Forecast 6.2%, 1.1% higher than previous. ) - Quarter over Quarter inflation rate ( 1.8%, .3% lower than previous. Short term inflation is cooling ) - Month over Month Retail Sales ( .9% previous ) - Quarter over Quarter PPI ( 1.6% previous ) Sentiment: Neutral - Consumers and businesses are losing faith in spending and growth ( both result from higher prices for goods and services. Depleting credit, checking, savings accounts and income resources causing consumers to apply for jobs to earn additional income increasing AUD employment numbers. The RBA addressing inflation with hawkish interest rate hikes, lowering short term QoQ Inflation rates. ....................................................................................................................................... Technical Analysis ( Click link for more signals )
Short
by charrison4300
AUSTRALIAN RALLY CARContinuing its current ascension, the Australian dollar is showing signs of strong momentum. With a golden cross sighting (12H), this indicator holds weight in light of recent price actions. I’m expecting this uptick to continue after making a healthy retrace back towards the strong 200 EMA/bottom trend line. I made an Initial Entry at 0.70116 and another at 0.70070. I chose to place my TP slightly above the 618 Fib level at 0.69252. Being that I’m going against the overall trend here, I’ll be watching the price point closely to make sure any profits are secured. Generally I’m expecting the upward action to continue.
Short
by UnknownUnicorn5320750
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