AUD/USD quick strat 11/4/2024
Analysis:
Trend Analysis:
- decline trend weak and more overturned by jumping inclined volatility
- MACD decline trend weak and untrying
- historical data shows high inclined volatilty
Structure:
-weak trend bulls overpowering bears significantly
-historical data in momentum favors bulls stability VS bears instability
Risk Management:
- can be tightened up due to statistical forecast and news & events
regular risk management for this period 40% turned to 20% max, 15% least
News & Events:
- poll burnings
- hurricanes
- Elections
- economic data imbalance looks as if they will lower rates to make currency look attractive
Objective & Targets:
expect jumping volatility to lead to significant inclines/higher price swings buy signifacnt low @ 0.65803 expect price to incline significantly to 0.66442 are. 0.90% incline from entry leaving 1.3% more to go for actual tp1 target
Trend Analysis:
- decline trend weak and more overturned by jumping inclined volatility
- MACD decline trend weak and untrying
- historical data shows high inclined volatilty
Structure:
-weak trend bulls overpowering bears significantly
-historical data in momentum favors bulls stability VS bears instability
Risk Management:
- can be tightened up due to statistical forecast and news & events
regular risk management for this period 40% turned to 20% max, 15% least
News & Events:
- poll burnings
- hurricanes
- Elections
- economic data imbalance looks as if they will lower rates to make currency look attractive
Objective & Targets:
expect jumping volatility to lead to significant inclines/higher price swings buy signifacnt low @ 0.65803 expect price to incline significantly to 0.66442 are. 0.90% incline from entry leaving 1.3% more to go for actual tp1 target
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.