SHORT >>> Developing inFOREX
((LONG >>> Next inFOREX ))
SEE #FXinsights from #cisTRADING "DEVELOPING inFOREX" Trade for Jan 2019 LINK
CHARTS BELOW with cisGGseriesMETRICS
A LOOK AT current A61!...
#cisTRADING NEXTinFOREX trade this month is D61! Canadian Dollar Futures
BUT... DEVELOPINGinFOREX trade this month is A61! Australian Dollar Futures
EXPECT ANY STRENGTH SHORT TERM TO FAIL... Another move down before AUD really finds its market!
MarketDEPTH is increasing and there should be a #cisGGMarketDEPTH HIGHER PEAK HIGH greater than 371 pips into 400's
Price at resistance.
But it seems like it could break this zone.
Will be looking to long IF it breaks up.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should...
We see an inverse head and shoulder formation. IMF estimates USD is overvalued by 8% to 16%. Trump wants a weaker dollar to be more competitive in trade. Aussie employment was very strong. we have aussie inflation data tonight. it might be the push higher if it comes in better than expected.
Long Position (EP) : 0.7370
Stop Loss (SL) : 0.7349
Take Profit (TP) : 0.7457, 0.7530
A6 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (0.7370) and place stop after 0.618 level (0.7349). Once the position was hit, place take profit before an agreement (0.7457) and 0.7530
As commodity brokers, we are no doubt always trying to ascertain what type of market we are currently in for Commodities; Bear, Sideways or Bull, in order to better assist our client base. One of the indicators we look at are a technical analysis of the often referred to "Commodity Currencies" the Aussie Dollar and the Canadian Dollar (the Loonie), A crossover of...