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Aussie

AUD/USD coils up ahead of the retail sales and RBA's MPSThe Aussie fell to below the 0.6300 target zone yesterday (marked by last week's VPOC - or volume point of control) With the RBA's quarterly MPS (monetary policy statement) and retail sales released at today at 11:30 AEDT, perhaps upgraded inflation forecasts can give the Aussie a bump higher. But whilst prices remain beneath the monthly pivot point, such bounces are likely to appeal to bears for swing trade shorts. However, the US dollar remains a force to be reckoned with so the core view on AUD remains bearish given the RBA's lack of hawkish interest (on a relative basis). A break of yesterday's low assumes bearish continuation and brings the support zone around 0.6200 into focus for bears.
Short
by CityIndex
2
Fading the rally on AUDUSDAUDUSD - Intraday - We look to Sell at 0.6400 (stop at 0.6450) We are trading at oversold extremes. A Doji-style candle has been posted from the base. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. The 200-period moving average should provide resistance at 0.6410. We, therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.6250 and 0.6170 Resistance: 0.6400 / 0.6540 / 0.6655 Support: 0.6170 / 0.6000 / 0.5800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
1
Joe Gun2Head Trade - Double top on GBPAUDTrade Idea: Selling GBPAUD Reasoning: Double top on the 4H Chart Entry Level: 1.7660 Take Profit Level: 1.7240 Stop Loss: 1.7794 Risk/Reward: 3.09:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
AUDJPYAUJPY broke up the descending channel . It has formed a short term uptrend. In order to buy I am waiting a break - retest of the resistance with a TP level close to the most recent solid resistance I spotted. Otherwise, if it breaks the current support zoen and retest it pointing down I will go vice versa. In general BoJ is more dovish while BoA is more aggressive in financial policies. This makes the AUD more attractive for faster profit comparing to Yen and this might drive to further push to the upside cause the pair is mainly bullish over the last months. Everything lays to the Break of structure mindset, just observations of where the price has/has no power to surpass and how can this action be depicted with big/ small body candles, wicks, velocity of price action etc. Some retracements are weak and the reversal is easy to be spotted. Other retracements are strong and many traders, included me, can be confused if the break & retest is not valid but in fact the setup might be proven right in the end (despite tight SL which is considered a wrong placed exit point.). It depends on what is the lot size, risk management, in which way someone wants to press him/herself, how much can afford to loose etc. News can whipsaw and create momentarily fakeouts and push to SL hits and drawdowns. The same applies with big players' games behind the closed doors during weekends. That's why I avoid to put tight SL because it is quite predictable and it is seen by brokers, banks etc. The above, make me avoid trading on Mondays and after 16:00 on Fridays. Hope that I help a bit! Goodl luck!
by The_Forex_Path
AUDUSD: Will The Sinking Ship Provide Re-Entry ?WHAT A FANTASTIC SHORT POSITION THIS HAS BEEN FOR THE AUDUSD TRADERS WHO CAUGHT THE MOVE @ 0.72000 AFTER THE DEMAND ZONE/SUPPORT BREAK WAS CONFIRMED. NOW THE QUESTION COMES TO BEG: WOULD AUDUSD PROVIDE THE RE-ENTRY POINT FOR SOME OF US TO ENTER AGAIN AND SHORT IT? With the FED tightening so aggressively, AUDUSD is bound to sink and the ideal target seems to be 60 cents. Currently the price is not far away from the target, so therefore here we would like for the price to approach 66 cents mark so we can short it. Have a look at the main chart for full observation on this question. Note: trade is invalid shall the target hit first Trade Safely & Cautiously
Short
by FX618Analysis
OMG what happened to Aussie.Analysts at MUFG Bank, point out that hard landing fears and a hawkish Swiss National Bank (SNB) favor further Swiss franc outperformance. According to them, the Swissy should continue to benefit from the SNB’s desire to dampen upside inflation risks both through faster rate hikes and tolerating a stronger currency. “The CHF has been the top performing G10 currency so far this month as it has strengthened sharply against both the EUR (+2.2%) and USD (+1.5%). It has regained upward momentum against our equally-weighted basket of other G10 currencies after a period of consolidation at higher levels between July and August. The CHF’s renewed upward has once again coincided with an abrupt hawkish repricing of SNB rate hike expectations similar to in June.” “Market participants are increasingly confident that the SNB will continue to play catch up with major central banks and deliver a larger 100bps hike in the week ahead (Thurs) to combat upside inflation risks. There are currently 86bps of hikes priced in. The SNB has also become more tolerant of currency strength since their last policy meeting in June as it provides another channel to help dampen upside inflation risks.” “The CHF appears well positioned to extend its recent advance especially against other high beta G10 currencies.”
Short
by xavierNF
5
Joe Gun2Head Trade - AUDUSD forming a short term bottom?Trade Idea: Buying AUDUSD Reasoning: AUDUSD forming a short term bottom? Entry Level: 0.6535 Take Profit Level: 0.6651 Stop Loss: 0.6484 Risk/Reward: 2.25:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre