I think, based on my technical forecast, we will see a down period for the asset in question.
FIRST TRUST AUSTRALIA "ETF" Comparison with (local and near) currencies (with left scale details is % change) on Indonesia and Philippines) The specific currencies used in this study are all from “neighbors” and other islands in the Australian area. AUDJPY: Japan AUDHKD: Hong Kong AUDNZD: New Zealand AUDSGD: Singapore AUDCNY: China AUDPHP: Philippines AUDIDR:...
Bought last year, way too high, down 60% in my position Realize I suck at holding 3-5 years long term Realize I don't like to bet on biotech/pharma companies who are constantly in development stage with no sales I find these companies sketchy with changes in management, awaiting FDA approvals, cash burn, lack of transparency on development of new drugs/trials,...
=> Here we are looking at AUDNZD to pickup at the lower end of our current channel. => The aim here is to trade a break back towards our fair value which is close to 1.10 => Australia hasn't shown any signs of trade war damage although yields are going to start weighing heavy rather soon and for those reasons would not recommend trading AUDUSD to the buy...
After approaching the upper trend-line of a dominant channel down pattern, EUR/AUD currency exchange rate began to decline. After reaching the 50.00% Fibonacci retracement level. The common European currency is slowly moving downwards to test the dominant channel down-trend line up pattern. This retracement can be measured with the high of 1.5772 and the low of...
Hey Everyone! Let's see a scenario for AUDUSD LONG. Very strong support/resistance @0.745 - white line An upward movement for 7+ days A valid trendline that holds the price Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher. The safest place...
Currently higher prices are being rejected on 4 hours (Pinbar) The Daily zone (red line) will be tested - Should prices rush through the support it will drop further down to the next support