On AUDUSD 4hr chart a bullish butterfly has formed. The D leg has completed forming. This is a good PRZ zone to take long positions. Look for bullish evidence before buying. Use proper money management, all the best mates.
AUDUSD, Trend stil intact, correction to the lower channel, providing rare opportunity to buy, we will witness dramatic turn around, good luck.
after the daily engulfing pattern we wait for a retracement to finish the inverse head and shoulders pattern that will target 61.8 or 76.4 % fibo level from last low to last high scored. risk to reward ratio is great we might look for another short from above since the weekly chart looks weak.
Hi Freedom Traders, a Bullish Bat Pattern might offer us high probability trading opportunity. You will find possible entry and exit levels for minimum risk and maximum profit in the chart. Happy Trading!
looking to long audusd for a long carry trade. Lets see if this plans out well
We have simple trendline setup and after retest of lower trendline of broadening wedge , Audusd went bullish breaking trendline. Audusd retested support zones around 0.7650's thrice and moving up withing broadening wedge ( ascending wedge), so with proper stops we can initiate longs. Feel free to leave your comments / opinions...
Governor of the RBNZ Wheeler offered little bearish pressure on kiwi, refusing to go into any intervention talk and failing to say what the bank will actually use to tame this deflationaire NZD they are experiencing at the moment - with the comments below in mind imo this leaves on direction for Kiwi (short of some FOMC/ USD bullish pressure which seems unlikely...
Post RBA has left Aussie in a somewhat uncertain direction; whilst the 25bps cut last week should have seen us offered to at least the 0.74 low support level, instead weve seen persistent aussie bids, even despite the strong USD employment report and consequential increased rate hike odds. Much of this Aussie topside is a function of investors shifting macro...
The RBA was relatively neutral on the margin, keeping their inflation targets the same at 1.5-2.5. However, unfortunately for aussie shorts the RBA didnt offer any forward guidence on sentiment towards further easing, or specific reference to the aussie FX level - despite there being a strong bid bias brewing in the aud$ cross post-25bps cut. Also their forecasts...
Inline with the mixed information below, i too am undecided with what the RBA will do. There are several arguments for a cut e.g. CPI falling at an alarming rate/ strong trend; strong aussie; 1.75% high yield and likely to maintain AUD strength. But several against e.g. some of the trimmed prints show stability at 1.7%; need for more data - aussie employment...