Expecting that the AUDUSD pairs recovery from multi-year lows was corrective and could be complete as price stalled well in bearish territory.
Looking for a break below 0.6775 for continued decline.
Support Levels / Targets
0.6730 -- 0.6680
*RBA's Governor Lowe testifies that Aussie’s depreciation bodes well for the economy, but also reiterated that further...
AU remained neutral ahead of RBA decision - closing below .6935 resistance -- A retrace to .69650 could be in the picture before cut talk; My view remains to short and should remain bearish under .70000 price point. AiG Manufacturing news out soon will help set the tone heading into the week...
Support Levels: .68950, .68650, .68250
Resistance Levels: .69350,...
After a batch of disappointing data out of Japan, economic slowdown continues.
Short outlook holds for me unless we see a break above 109.90
Support levels: 109.00 108.65 108.30
Resistance levels: 109.65 109.90 110.20
With rising geopolitical tensions between "Trade Wars" and tension between Iran and US, this should be enough to support Gold Prices...
Seeming to be indecisive after reaching $1,3000 mark dropping to current $1286.825 - this could be in part of upbeat comments with US and China - and with Greenback holding a strong position it seems like Gold isn't ready for a...
AUD/USD has been under selling pressure - and with spot price of gold falling and AIG Performance of Services Index for April coming up in the Asian session.
*still only learning, would appreciate any input - thanks and good luck!
USD/JPY is struggling to hold above 200 DMA and with mixed Japanese Data the sentiment seems to be weighing on the pair. I expect to see a short week ahead reaching support around 110.80
Looking at Monthly charts, price still has room to advance upward; so I anticipate it to return up near December Highs ( 113.20-113.80 )
*A break below 110.80 would open doors...
Could signs of improved risk sentiment and another raise in US oil rig count during last week be enough to weigh on bullish positions..?
Looking for a push to find support up near 64.64 .... then to 68 ( Oct. 2018 Low )
API, EIA weekly reports coming up...
While RSI is in an uptrend, price hit pressure around 1.13225 in line with long-term Bearish trend..
I think we're looking at a shortened week ahead with most markets closed on Good Friday..before we break that long-term bear trend at of the month.
*We finished the week above all Moving Averages, suggesting that buying interest is still strong...going to wait and...
Just very quickly I'd like to say that I am new to trading ( mainly Forex Day/Swing ) this is my first year at bat and am looking forward to learning plenty!
With that, this is my view on the direction of the EUR/USD pair...take it with a grain of salt.
I expect to see a quick run up from 1.13255 up to 1.13600 by end of week 03/22 --- Moving downward the...