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Australia

Symmetrical Triangle Setup on AUDJPY with a Target of 83.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDJPY appears to be in a symmetrical triangle setup with the support line along the higher lows of 77.87 and 78.80 while the resistance trend line is at 82 and 81.35. There appears to be a breakout in the resistance trend line. Expectations are for AUDJPY to rally towards 83.50. Failure of this move will be observed if AUDJPY declines towards 79.75. Technical Indicators AUDJPY had positive crossovers on its short (50-MA) medium (100-MA) and long (200-MA) fractal moving averages. The FX Cross is trading above these respective MAs. Technical indicators are also complementing the bullish nature of the current setup. The RSI is trading above 50 while the KST recently had a positive crossover. Recommendation The recommendation will be to go long at market, with a stop loss at 79.75 and a target of 83.50. This produces a risk/reward ratio of 1.35. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in AUDJPY.
Long
by Ceddy86
1
Two scenarios for AustraliaAccording to Fundamental News, there are two scenarios for the Australian dollar against the US dollar. With the release of US unemployment data, the value of the dollar plummeted, and the devaluation of the dollar caused an upward trend in other currency pairs, where the US dollar was on the right. Mr. Powell will begin his speech in a few minutes, which he says will either cause the dollar to depreciate further or the dollar to return to its uptrend. Given this, two scenarios can be considered for the Australian dollar: Scenario 1: The dollar will fall and the price chart will return to 0.726 and even higher by breaking the resistance. Scenario 2: The dollar rises and the price chart returns to its previous level of 0.7172
by mohamadrezaKhorsand
Australian stocks looking pretty goodAfter more than a decade of poor performance relative to other markets, the Australian stock market has clearly broken out. At least it has broken out in AUD terms, not USD terms (not yet). It's looking pretty strong and in my opinion it could continue much higher. Definitely one market that makes me have a more bullish outlook on stocks in general. At some point it could return to 6300, but for now I can easily see it go to 10000 over the next 12-18 months.
FX:AUS200Long
by BitcoinMacro
AUDUSD BEARISHAUDUSD is set to commence on a bearish market run based on the below fundamental and technical analysis. Fundamental Analysis: -China's negative trade policy on Australia products coal wine among others and accusations of dumping -Australia Covid 19 lockdown -According to COT Commitment of traders report, Dealers have taken short positions and changed form long. Technical Analysis Supporting: -Price has broken daily uptrend resistance line -Bearish Head and Shoulder Pattern Formation confirmed. -Rising Wedge broken on lower resistance line -Price went below moving average
Short
by FXMandalorian
Expected Breakout Higher in AUS200Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in AUS200. Trend Analysis The main view of this trade idea is on the 1-Hour chart. AUS200 has been in a rangebound move and is expected to breakout in the short to medium term. Based on the market profile, the range is between 7255 and 7325. Technical Indicators AUS200 recently crossed above its short (25-SMA), medium (75-SMA) and fractal moving averages and it is currently at the middle of the range. The RSI is above 50 and is heading higher. Moreover, the KST confirmed bullish move with a positive crossover. Recommendation The recommendation will be to go long at market. At the time of publishing AUS200 is trading around 7293. The medium-term target price is observed around the 7400 price level. A stop loss is set at 7200.
OANDA:AU200AUDLong
by Ceddy86
1
LIT a brief analysisDISCLAMER: This is not investing advice Long term holder of LIT As a holder I have found little to no analysis on ASX:LIT on tradeview, so I thought id share a few thoughts and start a discussion about the stock. ASX:LIT has found a strong support field between 0.110 and 0.120, for the last few months. Stock has been performing well from a fundamental analysis stand point and just needs a positive catalyst to get things moving. we usually see some small upside movement at the announcement of positive news however the stock ultimately falls back to its comfort zone between 0.110 and 0.120. In my opinion we need to see a drop to 0.100 and the confirmation of projects to go forward in the later half of 202, before true growth can occur.
ASX:LITLong
by Jklat