How to trade the AUDJPY breakout

AUDJPY D1 Our expectations: The breakout of the consolidation from the beginning of the year towards north creates positive expectations for the pair. The price is approaching a test at about 79.80, with many analysts recommending looking for long positions. However, the price has bounced back down from the 200SMA, which gives us a good […]

AUDNZD multiple signals that the bottom is close

Forex AUDNZD | Our expectations: Long term downtrend and downward movement in the shadow of the forex flash crash bar from earlier this year. Activated Head & Shoulders, with 1: 1 target in the 1.0251 – 1.0212 area. DeM Sequential has reached 9th, and in a volatile pair such as AUDNZD, it is possible to […]

AUD at key technical levels, but the data for China weighs on the fundament

The Australian dollar dropped against the USD, after a private survey showed China’s factory activity shrank by the most for the past nearly three years. The Australian currency, often considered a barometer of global risk appetite, fell 0.4 percent to $ 0.7246. The New Zealand dollar also fell 0.2 percent against the US dollar to […]

Crédit Agricole with Long recommendation of AUD/NZD – SL: 1.0590 – TP: 1.1050

Crédit Agricole considers the possibility of a long position of AUD/NZD, citing several main reasons: NZD is overestimated too much, bringing the pair to an over-sales area. RBA sounds significantly more optimistic than RBNZ in terms of economic prospects and future monetary policy Decreased US-China trade tensions should strongly support AUD. Position Parameters: Entry: 1.0748 […]

What to expect from RBA today and how to position yourself at AUD

Later today, at 03:30, we look forward to the RBA report on Australia’s economic environment and monetary policy. The report is often published, and it is not typical for the Australian to support it. That is what investors are looking for at the moment, which are mainly focused on sales of AUD. Traders will turn […]

The AUD drop seems more likely – What to expect in the long term horizon

Negative prospects for the Australian continue to deepen after another study on the Australian economy. This time by Thompson Reuters, on the development of the two main economic indicators, GDP and CPI. GDP 2018: + 3.2% 2019: 2.8% 2020: 2.7% CPI 2018: 2.0% 2019: 2.2% 2020: 2.2% Technical AUD remains under pressure and in a […]

AUD/CAD – Short seems to be the best trade

AUD/CAD – D1 Our expectations: The price is in a downward trend, with the latest corrective impulse providing good levels for Short with the trend. SL: 0.9539. Alternative Scenario: If the price moves above the resistance zone, the negative scenario will be spoiled, and we are more likely to see an increase. Comment: Downward trend […]

AUD/JPY – Opportunity for Short term short trade

AUD/JPY – H4 Our expectations: The price is in a long and short-term downward trend, and the current retracement to key levels, gives a good opportunity to sell the pair. Looking at the daily chart, it is clear that the price is testing the breakthrough in the broad consolidation we observed between the end of […]