Australia's Inflation Data Revealed Soon Next week, Australia will unveil its latest inflation figures. Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance and seize trading opportunities. Projections suggest a notable dip in Australia's headline...
AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically. The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269). The hawkish...
By examining the trend in the one-hour time frame, the Australian dollar is fluctuating in an upward channel, and considering the high rate of moving averages of the ALLIAGTOR indicator, the probability of the continuation of the upward trend is very high. In general, this scenario is strengthened, that the rate can rise to the resistance of the ceiling of the...
After breaking 0.6550 level, Aussie retested this level and ready to strong again. ABCD pattern can firm and push Aussie higher. Trade safe. Good luck.
Is the AUD/JPY the trade to make at the beginning of the coming week? Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other. The Bank of Japan is up first, at 11:00 pm on Monday (US time UTC –4). The Reserve Bank of Australia follow at 11:30 pm. What's expected from each bank? According...
CME Australian dollar futures have pulled back to the neckline of the recent head and shoulders pattern, which presents bears with a formidable selling opportunity. Recent strength in the USD has certainly been a boon to Australian dollar futures, and with the influx of encouraging economic data in the U.S.over the past few weeks, it appears likely that...
📌AUD/USD has broken the support of the neck line of the head and shoulder pattern of the bearish ceiling in the range of 0.6525, and now, being placed under the bullish camo cloud, it seems that the price can reach the height of the head of the pattern up to the 200 Fibo range. ✔️The percentage should decrease in the number of 0.6180.
Well, last trade did not go well... they appear to be seeking a higher area, so I'll try a re-entry short to get some money back. "Chart Idea" trading is not really my thing, but I'm giving it a try and see if I can't get better at it. A lot of what I do is very real time and I make a lot of adjustments, so this is a challenge for me, but I'll keep at it. Anyways,...
Like NZD/USD, the Aussie is refusing to roll over despite a strong US inflation report. That is in itself a sign of strength. The daily chart is yet to see a close beneath the Q3 open, and the lows are holding above the 50-day EMA and 38.2% Fibonacci level. A bullish RSI divergence also formed from the oversold zone to suggest a swing low has formed or is...
Risk aversion reigns supreme, casting a dark cloud over AUD/USD just before today’s employment report drops. A stellar jobs report is unlikely to spark calls for an imminent RBA hike, but it might prompt some short covering on the Aussie. Besides, there are early signs of stability above the 65c zone with Wednesday’s lower wick, which saw a false break of the...
After 3 try to break upper line of channel, AUDUSD has firm wedge top and has chance to fall to median line. Heavy zone, no momentum and need to correct. Trade safe. Good luck.
KEEPING IT SIMPLE - expecting price to reach up in the FVG within the Asian or NY sess - HTF order flow is bearish
The USD, having experienced substantial blows from rate cut projections, faces a challenging scenario with the Fed signaling probable easing. Despite the narrative of falling inflation, policymakers are aiming to relay the message that inflation has yet to stabilize sustainably near the targeted 2%. The looming Fed speeches, particularly Chair Powell's impending...
We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision. That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place. But perhaps the more exciting match ups will be occurring in the forex market....
Aussie is bearish since the start of the year, with a higher degree A-B-C decline with wave C coming to an end as the price turns out of a wedge pattern this week, after the FOMC policy announcement yesterday. It looks like pair completed the ending diagonal so more gains should follow. Well, from an Elliott wave perspective and minimum objective, I think that...
Let's look at some FX pairs First up the Aussie We have a #HVF @TheCryptoSniper Already Triggered to the upside approaching target 1 .. The full Target 3 ... (linear Target) lines up with the high's of peak dollar strength at the turn of the millennium
✅GBP_AUD broke the falling Resistance line and the Breakout is confirmed so I am now locally bullish biased And I will be expecting Further growth ahead LONG🚀 ✅Like and subscribe to never miss a new idea!✅
I'm expecting continued Aussie strength as the market expects China recovery is in progress. BoJ interest rate and minutes will be big news on Friday, but before then I expect to see a continuation up within the current rising channel, breaking and retest initial support around 95.6 to rise to test the 96.6 support. We're heading into very choppy waters now, and...