AUD USD - Risk on - await buys
Hello traders and analysts,
So currently we are in a range - and we will need to be reactive here on the four hour time frame in order to see where price will show us, rejections for buys or sells.
What can be shown technically?
MA Longs Short Total Long Short
Avg_13 30,441 54,256 84,697 36% 64%
Avg_20 33,958 63,290 97,248 35% 65%
Avg_50 39,133 76,363 115,496 34% 66%
Avg_130 38,877 76,625 115,502 34% 66%
So why is price bullish?
Great question - at this present moment the USD is still showing signs of weakness, which is a tactic by the US government to create benefits for imports and exports - Trump is all about business so the sentiment of an attraction to a weak dollar is pivotal, in addition to this, stimulus package of 1Trillon USD will be injected into the economy.
Technical set up:
Top blue - Weekly imbalance zone
Blue zone at 0.72 - we have a nice supply zone which will be a good opportunity to short before adding longs.
weekly Fibonacci retracement is showing signs of Bullish momentum to go for a retest of the 0.7045 if a long option is available.
At the moment the COT data shows signs of weakness but now a sentiment switch but profits are still being taken and extended - this is still a play with the weak dollar, but keep in mind USD gain turn any moment.
We have a sell zone shown of where price will react for our view.
Also is a buy position if price shows bullish signs upon retracement.
Fundamentals:
USD stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire.
Failure to lockdown the country and social distance for states.. cases growing.
Vaccination attempts to drive market sentiment. - pump and dump for stocks who claim to have breakthroughs.
USD safehaven upon tensions between HK move on China vs USA debate.
USA - cases in multiple states are high risk, the disconnect is unbelievable.
twitter hack will affect tech stocks and S&P for privacy laws.
election taking place in November.
AUS - Victorian cases all time high, borders between states are looking to re-open with exclusion of NSW and VIC .
AUS has seen large progress with stopping COVID and has a weak currency battered by the USD in order to create strong trade balance and tourism prospects.
However COT data has changed and Aussie longs are now reversed and Net long - so this is a big shift - and Australian government have put price inline with the fundamental data.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
So currently we are in a range - and we will need to be reactive here on the four hour time frame in order to see where price will show us, rejections for buys or sells.
What can be shown technically?
MA Longs Short Total Long Short
Avg_13 30,441 54,256 84,697 36% 64%
Avg_20 33,958 63,290 97,248 35% 65%
Avg_50 39,133 76,363 115,496 34% 66%
Avg_130 38,877 76,625 115,502 34% 66%
So why is price bullish?
Great question - at this present moment the USD is still showing signs of weakness, which is a tactic by the US government to create benefits for imports and exports - Trump is all about business so the sentiment of an attraction to a weak dollar is pivotal, in addition to this, stimulus package of 1Trillon USD will be injected into the economy.
Technical set up:
Top blue - Weekly imbalance zone
Blue zone at 0.72 - we have a nice supply zone which will be a good opportunity to short before adding longs.
weekly Fibonacci retracement is showing signs of Bullish momentum to go for a retest of the 0.7045 if a long option is available.
At the moment the COT data shows signs of weakness but now a sentiment switch but profits are still being taken and extended - this is still a play with the weak dollar, but keep in mind USD gain turn any moment.
We have a sell zone shown of where price will react for our view.
Also is a buy position if price shows bullish signs upon retracement.
Fundamentals:
USD stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire.
Failure to lockdown the country and social distance for states.. cases growing.
Vaccination attempts to drive market sentiment. - pump and dump for stocks who claim to have breakthroughs.
USD safehaven upon tensions between HK move on China vs USA debate.
USA - cases in multiple states are high risk, the disconnect is unbelievable.
twitter hack will affect tech stocks and S&P for privacy laws.
election taking place in November.
AUS - Victorian cases all time high, borders between states are looking to re-open with exclusion of NSW and VIC .
AUS has seen large progress with stopping COVID and has a weak currency battered by the USD in order to create strong trade balance and tourism prospects.
However COT data has changed and Aussie longs are now reversed and Net long - so this is a big shift - and Australian government have put price inline with the fundamental data.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
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