Get started
Australian Dollar Futures (Feb 2021)Australian Dollar Futures (Feb 2021)Australian Dollar Futures (Feb 2021)

Australian Dollar Futures (Feb 2021)

No trades
Buy 6AG2021
Overview
Ideas
Discussions Forward curve Seasonals Contracts

6AG2021 trade ideas

AUSTRALIAN DOLLAR FUTURES (6A1!), H4 Potential for Bearish DropType : Bearish Momentum Resistance : 0.67660 Pivot: 0.67175 Support : 0.66485 Preferred Case: On the H4, with RSI moving along the descending trendline and price moving along the descending trendline, we have a bearish bias that price will drop to the pivot at 0.67175 where the 127.2% fibonacci extension, 100% fibonacci projection and swing low support are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 0.66485 where the 161.8% fibonacci extension and 100% fibonacci projection are. Alternative scenario: Alternatively, price may rise to the 1st resistance at 0.67660 where the overlap resistance is. Fundamentals: There was an increase in employment rate and decrease in unemployment rate for AUD today, giving us a bullish bias for the Australian Dollar. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CME:6A1!Short
by Genesiv
AUSTRALIAN DOLLAR FUTURES (6A1!), H1 Potential for Bearish DropType : Bearish Momentum Resistance : 0.68560 Pivot: 0.67685 Support : 0.66595 Preferred Case: On the H1, with price moving below the ichimoku cloud and along the descending trendline , we have a bearish bias that price will drop to the pivot at 0.67685 in line with the swing low support and 78.6% fibonacci projection. Once we have downside confirmation that price has broken past pivot structure, we would expect bearish momentum to carry price to the 1st support at 0.66595 where the -61.8% fibonacci expansion and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price may rise to the 1st resistance at 0.68560 where the pullback resistance is. Fundamentals: Due to the Euro dollar dropping, we have a bearish bias of the australian dollar.
CME:6A1!Short
by Genesiv
Potential Bullish ContinuationTitle: AUSTRALIAN DOLLAR FUTURES (6A1!), H4 Potential for Bullish Momentum Type : Bullish Rise Resistance : 0.70605 Pivot: 0.68735 Support : 0.68360 Preferred Case: On the H4, with price breaking the descending trendline and moving in an ascending trendline on our RSI, we have a bullish bias that price will rise from the pivot at 0.68735 at the multiple swing low to the 1st resistance at 0.70605 at the overlap resistance in line with the 50% fibonacci retracement. take note of intermediary resistance at 0.72660 at the multiple swing high in line with the 50% fibonacci retracement and 78.6% fibonacci projection. Alternative scenario: Alternatively, price may reverse off the pivot and drop to the 1st support at 0.68360 at the horizontal swing low in line with the 100% fibonacci projection and 61.8% fibonacci projection. Fundamentals: Following concerns on commodity prices, we have a bearish bias that price will continue dropping further.
CME:6A1!Long
by Genesiv
A Kangaroo Hop!Things seem to be going well down under. With Iron Ore prices jumping close to 8% last week, Australia, the largest exporter of the raw material stands to benefit greatly. In 2021, Iron Ore exports totaled close to US$120 billion. This contributes greatly to the demand side pressure on the Australian dollar. Looking at the charts, the AUDUSD pair is currently trading at the bottom of the channel support on the 1-hr time frame. With the 200-period moving average right below current levels, we think downside resistance will prove strong and prices will bounce off the bottom of the rising channel quickly. Stay tuned to the Reserve Bank of Australia’s meeting tomorrow and time your entry there! Assuming no surprises and the technical supports are intact, we favor the long side for the AUDUSD pair. Entry at 0.7190, stop below 0.712. Targets are 0.7346 and 0.7460. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
Editors' picks
CME:6A1!Long
by inspirante
8
LVN & 4 Hr Supply at .709006A is coming into a weekly LVN at .70500 but if it breaks through this level ad pushes to the next weekly LVN, I like that trade better because it has 4 Hr Supply confluence. Keep it on the Watchlist. As always this is not Financial Advice, I am just sharing the trades I plan on taking for a few reasons, one to log my trades, 2) some accountability and documentation, and hopefully these Ideas help somebody to find some trades of their own. I would Love to see anybody elses Idea links in the comments. Happy Trading Everybody. Good Luck this week
CME:6A1!Short
by Trend_Chasin
AUD Future Long potisionYep, another way to think of it is that if everyone was using limit orders (no one using market orders) the price would never move. Everyone would just be sat there on the bid (buyers) or the offer (sellers) looking at each other. It takes someone to trade at market (to buy from the offer or sell to the bid) to move the price. When you're trying to exit a position you can either use a limit order and hope someones market order fills you, or you can use a market order to buy/sell from someones limit order to exit immediately, to cost of this is getting a worse price. ===> PLEASE IGNORE THE NOTES. I'm lazy when I have to write messes up in my brain.
CME:6A1!Long
by Christopher0909
Geometry: Shapes, Planes, and FiguresIn geometry, two such known forms are the circle and the square; however, a circle is merely a type of ellipse, so there are ellipses and squares. Squares can be incremented and decremented, and their essential units can be found. Ellipses eccentricity can be added or removed thus creating variating arcs. "Make It Mine" on this chart; deconstruct it; study it; study how it was formed; study the extensions that can be built on top of the base form. Even study beyond this, for this is not the end, only the beginning. Original Chart: 13 mins Scaling = .0001 (Had to change the duration to be able to post) In-exhaustive book list Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities.
CME:6A1!Education
by UnknownUnicorn27791825
Geometry: Chart ExhibitFirst and forever reminder: expand into your own, continually evolve and grow. Press share "Make it Mine" to view the full interactive chart Note: Relationship of numbers to each other Note: The sequence of the various shapes Note: Geometric Angles Note: "45" angles up and down various intersection points In-exhaustive book list Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III H.M. Gartley - Profits in the Stock Market Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities. Forum: blackcryptolink.com
CME:6A1!Education
by UnknownUnicorn27791825