OUTRAGEOUS PREDICTION FOR 2019.
YEN starts to rally. BOJ on a bond buying spree.
VERY low inflation rate
Interest rate? Doesn't matter until the 3rd quarter of 2019.
AUD getting choked with the trade war.
Inflation creeps up
Business confidence tanks!
Interest rate? Nah, they will let that interest rate sit there at 1.5 forever.
AUDJPY peaked at 109...
The Swiss franc makes gains over a risk-off mood in the world markets due to worries surrounding the protracted Sino-US trade war and bad Chinese data. The Aussie itself is being pushed down by expectations of a rate cut next year. As the pair price goes lower, 0.6685 and 0.6660 can be tested.
looking at my moving averages we see price is pinching at the 50% fib level of the previous trend. I believe this is the next likely target for AU, couple this with 30 min divergence. I believe price is winding back for a major move north. i will trust my 30 min indicator with momentum before going long.
The common currency is struggling on Tuesday. However pieces of good news for the EU automotive industry from the US as the Trump administration prepares to postpone the long-threatened tariffs as Australia battles with bushfires is likely to push the pair price back onto its medium-term upwards trajectory. After testing the lower target of 1.6100, we might see a...
Europe's common currency is struggling on Tuesday but its medium-term correction goes on against the Aussie. Although the price seems to be aiming for 1.6100, we might see a bounce back. In that case, the recent top at 1.6140 and then 1.6160 levels should be followed. Onwards up, 1.6200 in the vicinity of the 50 percent Fibonacci retracement will come into focus...
We had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as...
The pair has been rejected from the long-term downtrend line, and now broken the short-term uptrend line. Is this signalling a continued downtrend in the foreseeable future?
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Word through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued...
Consider the trendline on the weekly timeframe, it is a very strong area of resistance which began in November of last year. Right now we are at the 0.6920 level.
Consider AUDUSD on the daily timeframe. Seeing some nice resistance after last Friday's Positive NFP.
I forecast this pair to move to the downside, I have a stop loss of 40 pips, and a take profit of...
I hope you do read the chart. The picture tells the whole story. By the way, Australia's actual import/export/trade data was published better beyond the forecast and previous on morning. The choice is your's pals think wisely to choose the position in any on highly probability direction.