๐ Analysis Approach: Iโm applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ Using those POIs to define a clear trading range ๐ Refining those zones on Lower Time Frames (LTFs) ๐ Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses? Theyโre part of the mathematical game of trading ๐ฒ They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital โ FRNGT ๐
๐ Analysis Approach: Iโm applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ Using those POIs to define a clear trading range ๐ Refining those zones on Lower Time Frames (LTFs) ๐ Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses? Theyโre part of the mathematical game of trading ๐ฒ They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital โ FRNGT ๐
๐ Analysis Approach: Iโm applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ Using those POIs to define a clear trading range ๐ Refining those zones on Lower Time Frames (LTFs) ๐ Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses? Theyโre part of the mathematical game of trading ๐ฒ They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital โ FRNGT ๐
The Australian dollar is under renewed selling pressure as multiple headwinds converge:
๐ฆ๐บ Weak Jobs Data: August employment fell โ5.4K, with a sharp โ40.9K drop in full-time jobs. Participation slipped to 66.8%, revealing deeper labour market stress.
๐ Middle East Escalation: Israeli tanks now surround Gaza City, and EU sanctions proposals are intensifying global risk-off sentiment.
๐บ๐ธ U.S. Sanctions on Russia (Potential): Washington is weighing new measures against Moscow โ raising the prospect of broader geopolitical fractures, energy volatility, and safe-haven demand.
๐ฆ RBA Outlook: Softer jobs and cooling inflation increase the likelihood of another cut later in 2025.
๐ต Fed Rate Cut, Yet USD Resilient: The Fed cut rates by 25bps this week, its first move in months. While easing would normally weaken the dollar, persistent global risks and relative U.S. resilience keep the greenback a key safe haven.
๐ฎ Market Implication
AUD/USD remains vulnerable to a slide toward 0.65. Key support at 0.6600 is fragile; a decisive break risks 0.6550 and beyond.
With weak domestic fundamentals colliding with global uncertainty, the Aussie dollar faces both structural (RBA easing bias) and event-driven (geopolitics, sanctions, Fed policy) pressures.