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Audweak

AUDUSD - Deep Pullback Before A Drop?Analysis: To start off with this isn't our favourite setup. We don't have any added confluences which whilst aren't required for a trade to be valid in our opinion, they are still a nice thing to see and they provide more confidence. With that being said just because we don't have the these added confluences this setup is still valid and there are a few reasons why fundamentally. Firstly the technicals though. We're clearly able to tell that currently we are in a downwards trend. Price has made a pretty big move to the downside and we expect that this will continue. We're interested in shorting from this area however as at this level we have a key major level of resistance. We expect that this is where the bears will be sat at wanting to push price further down. Fundamentally the USD is the 2nd strongest major currency whereas the AUD is the 3rd weakest major currency so before we even look at any other fundamental data this is already going in our favour. Recently we saw a decrease of 14468 long positions by institutions on the AUD signalling to us that we might want to stay clear from going long on the AUD. Institutions have access to a lot more data then retail traders so if they are staying clear from buying the AUD then there is probably a good reason for this. Knowing this helps out our idea and is another reason on why we are short AUDUSD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
29
AUDCAD - Bullish CAD On The Horizon?Analysis: Looking at price action we can see that price is in a downwards trend. We're seeing lower lows and lower highs being formed which confirms that we're in a downwards trend, so we're only looking for shorting opportunities. Price has made a deep pullback to the current lower high and we did put in a new lower low so this is looking like a great place to enter. At this level we also can see that it has been tested multiple times and we can see big rejections from this area showing that there is a lot of pressure at this level so it's more likely to hold and continue to the downside rather then it breaking and heading to the upside, especially when we add the fact that we're also in a downwards trend. We don't have any other added confluences for this trade, however the technicals are still valid for our strategy. Fundamentally the AUD is 3rd weakest major currency whereas the CAD is the 2nd weakest currency so this doesn't go in our favour but this isn't the full picture. Recently we saw a huge decrease in long positions on the CAD and the AUD, but we saw a small decrease in short positions on the AUD whereas we saw a huge decrease in short positions on the CAD. Basically meaning that more short positions were closed on the CAD then the AUD signifying that there might be an end coming to the bearishness for the CAD. With our speculation on oil prices rising which is heavily correlated to the CAD we can see some strong bullish momentum on the horizon for the CAD which is why fundamentally we prefer the CAD over the AUD. With all of the technicals and fundamentals combined together we get a bearish outlook on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
10
GBPAUD - Will The AUD News Change The Trend Direction?Analysis: Looking at this pair we're able to see that price is making a move to the upside. This is confirmed when we take a closer look at price and we can see that price is forming a series of higher highs and higher lows which confirms our bullish thesis. Currently price is sat at a key level which has held as both support and resistance in the past so we expect that this level will be respected and will hold again. Fundamentally the GBP is the 3rd strongest major currency pair and each week it gains more and more strength, whereas the AUD is the 3rd weakest major currency pair making it not very attractive to buy. Although the AUD did have some bullish news last night we don't expect that this will continue especially after the AUD news that we're expecting tonight. If the news later tonight comes out bullish for the AUD then this will invalidate our idea however if the news comes out bearish for the AUD then we'd have everything that we need to enter long on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
AUDCADDaily Setup AUDCAD Has Shown Willingness To Go Lower In The WEEKLY Timeframe It Took Out The Buy Stops And Traded in The WEEKLY Bearish Orderblock (0.95183 - 0.94507) DAILY -Timeframe Price Formed A Bearish Divergence (07 Mar - 05 April 2022) The Bearish Divergence Shows Price Making Higher Highs Whilst Oscillator Is Making A Higher High - Lower Higher That Kind Of Divergence Also Shows Price Has Taken Out Old Highs , In This Case PMH /THE REST OF THE ANALYSIS SHOWS PREMIUM - DISCOUNT ARRAYS In The 12 Hour Timeframe Price Has Formed A Trendline Phantom Which Will Be Taken Out In Order For Price To Trade To The Bearish Breaker Block In The 8 Hour Timeframe Price Clearly Shows A Classic AMD Reversal DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research ( DYOR ) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
Short
by Prof_Invests_ZA