$AUDUSD - Important data this week, be prepared. $AUDUSD - Get ready...
Another week, another great opportunity for us traders to take advantage of.
This week is a very important week: CPI, FOMC & PMIs.
It was a difficult week, choppy action but that happens when we have important data this week. It's important to reserve your capital gains when market conditions are like this kangaroo or amber mode is way I describe it.
Some are stating the CPI print will be more important than FOMC - I think it will be both very important as we go towards year end we still have plenty of trading opportunities and this week is a great week.
We expect CPI to soften, 7.7% previous to 7.3% - If it comes in softer the rate hikes working, we expect 50 basis point for this meeting and the next and then we expect cuts - Now the market is forward looking we've seen risk play big part DXY declining cuts coming into play, easing less pressure dollar declines: we have Aussie, Gold and crypto escalate higher. What Powell will state will be very important in my humble opinion as we get to year end and positioning for portfolio management I have no set direction on yet to decide the movement for this week, we are within mid ranges of all assets - you could trade the data or wait and trade the after reaction.
Regarding past data on Friday we had PPI: It came stronger than expected however we had minor dip in EUR we still went to rising back, now within the mid ranges. The dollar bears are still out there but will they get hurt this week? Only time will tell.
Technically AUDUSD: We are within ranges a break to either direction, at this current moment of time we arent closing above 200ema if we are to close above bulls could gain further control up we go towards .70 areas easily - if not this rally fails and goes back towards .64 half areas
All the best for this week,
Trade Journal
(FOLLOW YOUR OWN TRADE PLAN - NOT A SIGNAL PROVIDER)
Aussie
Joe Gun2Head Trade - Revisiting AUDCHF for lower pricesTrade Idea: Selling AUDCHF
Reasoning: Head and shoulders retest
E ntry Level: 0.6321
Take Profit Level: 0.6260
Stop Loss: 0.6339
Risk/Reward: 3.13:1
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.
Joe Gun2Head Trade - AUDCHF retest of H&S necklineTrade Idea: Selling AUDCHF
Reasoning: Head and shoulders retest
Entry Level: 0.6337
Take Profit Level: 0.6260
Stop Loss: 0.6355
Risk/Reward: 4.23:1
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.
Joe Gun2Head Trade - Range setup + Head and shoulders on AUDCHFTrade Idea: Selling AUDCHF
Reasoning: Range setup + Head and shoulders
Entry Level: 0.6373
Take Profit Level: 0.63022
Stop Loss: 0.6400
Risk/Reward: 2.74:1
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.
Aussie depends on the economic conditions of ChinaWhile so many analysts believe that China will reduce Covid-19 restrictions and Aussie will start a bullish rally, I think authoritarian regimes do not care about demonstrations. Because giving importance to demonstrations is a message to the people that you will get the rest of your rights with demonstrations.
So any bullish breakout may turn out to be a false one. I'm looking for short trades now!
64 Cents In Sight For The Aussie? Likely so!Based on the technical picture, the AUDUSD has broken the demand zone & support on 4H timeframe which was also confirmed on the daily timeframe. Now the price seems likely to fall towards the upcoming demand zone / support. Have a look at the main chart for full details on this trade. If you wish to enter, make sure the RR is at least 1:1.
Trade Cautiously & Safely
GBPAUD: May Go Higher! Here is Why: 🇬🇧🇦🇺
GBPAUD has recently broken and closed above a horizontal daily structure resistance.
I believe that it may initiate a bullish movement higher.
The goal for buyers is a falling trend line now.
Look for a buying opportunities on a retest.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
AUDJPY - Buying dips to 92.70AUDJPY - Intraday - We look to Buy at 92.70 (stop at 92.15)
Previous support located at 93.00. Previous resistance located at 94.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 94.00 will confirm the bullish momentum.
Our profit targets will be 94.70 and 95.00
Resistance: 94.00 / 94.70 / 95.00
Support: 93.00 / 92.70 / 92.25
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Could Aussie bring us some pips out of Biden and Xi meeting?It's been some 4H candles that I've been long on Aussie. I've started to close my positions before the weekend! A cold war with China could effect the Aussie the most! I was kind of afraid of more unsuitability in the markets. Thanks god: Biden sees no need for ‘a new Cold War’ with China after three-hour meeting with Xi Jinping
www.cnbc.com
Let's long Aussie again!
Sell some of youe pre bought Aussies! If you were long AUDUSD and you did not close your position before weekend! close some of your trades now!
This is not a signal! This is just a forecast of a rarely bullish channel which Aussie may goes up through!
If the price broke the channel levels may works as S&R levels.
I'm still generally long on the pair.
Joe Gun2Head Trade - Double top on GBPAUDTrade Idea: Selling GBPAUD
Reasoning: Double top on GBPAUD
Entry Level: 1.7643
Take Profit Level: 1.7240
Stop Loss: 1.7830
Risk/Reward: 2.14:1
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.