Aud Economy is looking positive
When assessing all of the data for Australia, the economy is in a much more stable place which would have been one of the goals from the people who lead and set the countries monetary and fiscal policies. Inflation has hit its peak 4 quarters ago and has been stepping down slowly before reaching the RBA’s target of 2.5 by 2025,...
hello traders. in this setup we have CHOCH in 4hr and also in 1.so we can wait for confirmation around FVG area for our long entry.
r:r 1.82
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Hey traders, in this week we are monitoring AUDCAD for a buying opportunity around 0.908 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUDUSD looking great for a long setup. Not the best risk:reward ratio on this one, but a great setup. Let's take a look. First, let's start with the AUDUSD chart on the daily timeframe.
Price has stayed in this relatively small channel for the past couple of months quite nicely. We've taken a bounce near the bottom, with a strong bullish candle. Furthermore,...
Hello Traders,
From Q1 2018, the Euro has been on a run. And yes, a nice steep run where buy holders are turning in a nice profit. There have been bumps along the way and that is normal. However, the thing is, stochastics are in the overbought territory and prices are likely to correct. Going forward, I shall recommend shorts in lower time frames because as it is,...
Hello Traders,
If anything, I really think it is the best time to buy some AUD, earn some positive swaps and hold this for a long time. Why? Well, we can take a top down approach and consider some technical formation first from the weekly chart. First, notice that since last year GBP has been charting higher and in this pair, it is a 1000 pips away from recovering...
Hello Traders,
In a nutshell, I’m net short Yen and like yesterday, I shall be actively looking for buy opportunities in AUDJPY. To begin with, we notice that this pair is generally stuck within a consolidation that began in early 2016 and continues till now. This therefore means there weren’t much meat to feed off trend traders. What’s important at the moment...
Hello Traders,
Is it safe to say the NZD party is over? It sounds nice maybe because the party is truly over if technical indicators are anything to go by. Evidently, Q1 2018 was superb for NZD and from price action, I really think it’s time to cash out. Like we have been saying,
this currency pair is trending well in the oversold territory and what we need is a...
Potential sell opportunities in EURAUD. Wait for a stochastic sell signal to print and short at around 1.61-1.6130. In that case, stops should be around 1.62 with targets at 1.56, 1.50. Hold this for a long time after all, you will be earning positive swaps.
Learn more from this link: forex.today
Just copy paste and see what I'm talking about.
Last week was bearish and I shall wait for short signals in this time frames before shorting. Potential sells lies within 1.58 and 1.585 with stops above 1.59. Remember, the weekly chart is very bearish complete with a sell signal and a bearish divergence pattern.
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Potential for higher highs on this buy. I will wait for a pull back in the 4HR chart and buy AUD with stops at 1.066, take profit at 1.10
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Euro over-extended to the upside and as it is, its a prime time to sell this pair.
so sell and take profits at 1.524 at the 61.8% Fibonacci retracement level in the daily chart.
Buy opportunity present.
Buy momentum is high in the monthly chart and there is a stochastic buy signal after a 80% correction.
Stop loss below recent lows at 1.095 with targets at 1.11 and 1.12 respectively.
