Downloading...
Download

Buyaud

BUY IDEA: AUDJPY UPRISINGThe 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 reverted upwards and is currently awaiting the accumulation process to finalize. Seen fighting to get above the 50 EMA on the 12H chart: I'm looking for price to reach 77.000 before retracing. This could turn out to be a long move.
Long
by UnknownUnicorn5320750
Long AUDUSDFundamentals:- 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 improving moderately although the RBA are concerned about household consumption and Debt. The retail sales figures on the 8th of May should give us a bigger picture. In the mean time I am expecting a pull back on the sell off based around the disappointing NFP figures for the USA. Technicals:- The daily chart is displaying a nice morning star pattern and this coincides with an oversold signal on the stochastic indicator. This potential reversal carries through to the 4 hour chart with a pin bar rejection of the 7500 area. The weekly does show the rising trendline being broken but also shows rejection of the 7500 area. For full trade settings for this signal sign up to the 30 day free trial at BOAFX Trading Signal Solutions.
Long
by FreeForexSignals4u
Short GBP/AUDFundamentals:- 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 has also been recovering moderately and although it missed expectations on q/q CPI trimmed mean CPI came in slightly higher that previous. Although long term we expect the GBP to return to pre Brexit vote levels against the AUD in the short to mid term we expect to see another move down. Technicals:- As you can see from the chart the sideways channel has a slight downward bias and is unlikely to make new highs due to the UK data. If the resistance level holds then we can expect a return to the base of the cannel and possibly a breakout to the downside to retest previous confluence levels.
Short
by FreeForexSignals4u
(Sell) EURAUD Technical Analysis for April 20, 2018Hello 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 defining trend, we notice that prices are actually losing their initial bullish steam. The stochastics gives a better hint of this and as you can see, they are turning from deep the overbought position with a sell signal already in place. Secondly, candlestick characteristics hint of a possibility of lower lows. By late March 2018, we had an inverted hammer with clear price depreciation relative to the upper BB and the following weeks we saw a follow through of this bear trend. Besides, there was a bearish divergence pattern accompanying this AUD price gain. It’s only this week where buyers are rejecting lower prices and have been pushing prices higher as this week’s candlestick shows. In our entry chart, notice those long upper wicks in the past 3-4 candlesticks. All these point to strong sell pressure. Cementing this is the stochastic sell signal turning from deep the overbought territory just like in the weekly chart. I recommend sells at current prices with stops above this week’s highs. Because of this, my EURAUD trade plan will be as follows: Sell: 1.5985 Stop Loss: 1.6030 Take Profit: 1.56, 1.52 Have a good trading day and let me know what you think!!! Originally published at Forex.Today by Dalmas Ngetich
Short
by Kipyegonn
Long AUD/USD 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 over the next 6 months but for now I would expect to see a correction to the upside. Technical As you can see from the chart the AUD/USD broke through resistance at 7718 and pulled back to the same level after hitting 7780. I am looking for this level to be tested again with a stop below the lower support level. I will be trading this on Automation with the triplesystemEA with the breakout settings and scalp setting activated
Long
by FreeForexSignals4u
Short GBP/AUDAlthough 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 see from the price action sellers have already started to come into the market producing the Pin Bar candle and engulfing candle highlighted on the chart. A nice easy asymmetrical risk reward is available. If you would like to learn more about candle stick patterns then join me for the FREE webinar on Sunday evening https://webinar.getresponse.com/DGy/price-action-and-candle-stick-patterns-1
Short
by FreeForexSignals4u
GBPAUD SHORTAfter 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 technical stand point we have seen the declining trend line rejected and the recent attempt to retest also ended in candlestick rejection. Stops will be above that recent rejection and targets as shown on the chart by the red arrows. Learn to trade like a pro bankonadam.com
Short
by FreeForexSignals4u