There are two weeks left until the Reserve Bank of Australia (RBA) decides whether to enact another rate hike (on November 7). And, yesterday’s Australia Consumer Price Index (CPI) might have made the trading in the lead up to this decision more interesting. The CPI figures show a quarterly inflation increase of 1.2% and an annual increase of 5.4%, raising...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The Aussie fell in line with our bearish bias last week, thanks to stronger-than-expected CPI data from the US and the Middle East conflict. Yet despite the risk-off sentiment, the Aussie held above 63c last week and formed a bullish engulfing day on Monday. A bullish engulfing candle also formed on the 4-hour candle, prices are back above the September low and...
The dollar benefited from this uncertainty, with the dollar index and dollar index futures slightly higher in Asian trading. Both instruments rose about 0.3% in overnight trading, nearing 11-month highs. The focus now is on Fed Chairman Jerome Powell's speech at the New York Economic Club later in the day. Given the recent rise in inflation, many expected...
Potential Bullish Opportunity AUD/USD is indicating a potential bullish turn. Watch for long opportunities as market conditions evolve. Keep it bullish and manage risk effectively. 📊🐨 #AUDUSD #Forex #TradingView #BullishTrend
The Australian dollar (AUD) ended its three-day winning streak on Monday. The AUD/USD pair received bullish support, mainly buoyed by favorable Chinese PMI data released over the weekend. However, the US dollar (USD) continues to show resilience following the moderate economic data released on Friday. Australia's TD Securities inflation data (year-on-year)...
AUD/USD struggles to maintain above 0.6300 after PBOC's decision to keep the lending base rate (LPR) unchanged. Selling pressure weighed heavily on the pair amid persistent risk-off sentiment due to escalating tensions in the Middle East. AUD/USD recovered from near the key support of 0.6285, but the overall bias remains bearish as the price remains below the...
Educational Analysis says AUDUSD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Broker Forex.com The AUDUSD Market is in a downward trend making AUD currency strong against the USDollar. So one trade is already on with RR is 1:11.7 I HAVE NO CONCERNS WITH YOUR...
It appears AU has found a level of support I'm looking for price to fill the W patten. Stoploss will be set below H1 trendline.
Most Asian currencies rose slightly on Wednesday following news that China's economic growth was stronger than expected, although concerns about an escalation in the Israel-Hamas war limited gains. Fresh concerns about higher long-term US interest rates also persisted after stronger-than-expected September retail sales data, which markets fear could lead to...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The unemployment rate in September reached 3.6%, lower than the expected 3.7%. Australia added 6.7 million jobs in the month, less than the 20,000 expected. However, 39.9 thousand full-time workers lost their jobs, 46.5 thousand new part-time jobs were created, and the labor market participation rate fell to 66.7%. The RBA kept interest rates on hold at 4.10%...
As we're on the brink of breaking below the 0.63 support, which has held steady for the past couple of weeks, and considering the lackluster strength in the recent upward bounce, it appears that a downward breakout is in the cards. Taking a peek at the weekly charts, we spot a couple of intriguing levels just below, which are likely to catch the eye of potential...
Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.64000. Fundamental analysis: Tomorrow will be...
Hello, According to my analysis of the AUDUSD pair, there is a high probability of a decline. The price has breached the bullish flag. It also broke the strong support at 0.65950. Which indicates a strong entry of sellers to drop to 0.62000 levels. Good luck everyone
📈 AUDUSD Analysis - Long Trade Opportunity 📉 Embark on an enlightening journey through the world of Elliott Wave Analysis as we unveil a promising long trading opportunity on the AUDUSD pair. 🌊 Wave patterns are suggesting potential upside, with Wave 3 gaining momentum and indicating a possible bullish rally. Join us for an extensive analysis of the current...