the decrease in the price of the Australian dollarThis analysis is for those who work in Australian currency
Australia
Pound stronger, long shadow to sup plus 0,764 fibo crossedAfter a downtrend the candles made a long shadow trying to catch the support and has finished the hour in a bullish candle followed by bullish candles
The shadows have already crossed the fibo 76,4%, and seems the orange line will be tested again as a resistance
GBPAUD SHORT STRONG SIGNALRed line is a old res and after a sup that was tested several times in 1H time-frame
Orange line the new resistance levels
The long and thin yellow line the most recent resitance
We believe in a short position with our sights are to 1.77336
ASX Trading (by Trades)As you can see, I have temporarily modified my bio as I am trying something new.
As currently offered by platforms, volume is a total value of all trades and does not provide specific information on the size or direction on particular trades.
This granularity is used by banks and investment funds who keep track of competitor investments.
ASX Block Trades are generally only available through the Bloomberg Terminal with an addon (extremely expensive).
I have developed this tool on TradingView which uses the Volume to project potential block trades and the direction of price change to derive the underlying direction of the potential trade(s).
However, I have made the effort to acquire direct access to the ASX data feed to get this data.
Someday, TradingView will have the functionality to integrate my external feeds into the platform, but for now - the curreent state of the Block Transaction tool is all that is available on this platform.
Regards,
Grant
AUS200 forecast December/JanuaryWith holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January.
This might play out two ways:
1. Bullish scenario:
- we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows)
- looking into Elliott Waves strategy - we could face one more wave to the upside
2. Bearish scenario:
- not much movement until Jan, staying around 7080-7195.
- drop to 6500.
Long story short I expect going back towards 2022 lows in the next three months. It’s hard to say when exactly it’ll happen. Big move can be triggered by pretty much anything at this point (worse CPIs, new Russian sanctions, restrictions in China, new wave of Covid….).
This is a risky enviroment so trade carefully and always do your own analysis before opening the trade.
NAB IDEA HELLO GUYS THIS MY IDEA 💡ABOUT NAB is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
AUDNZD, long ideaAfter the huge correction on this pairs, base on the RISK-OFF tones and china Covid lock-downs, Now its a good area with good risk/reward ratio.
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!
AU200AUD Pitchfork long broken but opportunity not goneHoping that the opportunity has not passed as the 1D pitchfork broke a while ago (not all my criteria were met at that time) but now just awaiting one indicator ( MACD cross on 1M) however, given support has already been retested I thought it might be worth a cheeky go! :D
Three targets:
T01 based on 1W 786 and 1D SR (25%)
T02 based on falling TL on 1D (50%)
T03 based on 1fib and 1W SR (25%)
2% risk with trailing stop only added once 2% clear of entry :)
🤞❤ OANDA:AU200AUD
BHP Testing highsAbove upward sloping 20, 50 sma
RSI 70 either overbought up trending
Macd positive and above signal line
Target = previous high
AUDNZD SHORT STRATEGY We've a downtrend line and the macd is crossing the signal such as ema with the middle bb line
#AUDUSD - DEMAND ZONE RRR 1:4DEMAND ZONE is coming
Entry: 0.6220
Stop loss: 0.6208
Take profit: 0.6268
Like and comment
AUDUSD - SHORT [Descending Channel] AUDUSD is in a short trend since August 12, and we can clearly see a descending trending line here in 1H TF, and you can also check the Daily TF and you'll see we have a support created some days ago, and seems to be a strong support and already tested.
And FED today had and is having right now a speech and the biggest concern is the inflation.
Evans also seems to convey that the FED is optimistic about the economy of US
💵Australian Dollar/New Zealand Dollar 💵Analyze (10/05/2022)!!!Australian Dollar/New Zealand Dollar succeeded in making Bullish a 🦇Bat🦇 Harmonic Pattern near the trend line.
I expect the Australian Dollar/New Zealand Dollar will go UP at least to the resistance zone.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AU200HELLO GUYS THIS MY IDEA 💡ABOUT AU200 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AUDUSD short idea
Fundamental bias for this pair is Bearish, because of Strong USD in sake of hawkish monitory policy and neutral bias for AUS because of decrease in China's economic growth and the problems of Corona in China, which caused problems in the supply chain
Daily trend is sell
AUD 10Y bond yield: 3.976
U.S. 10Y: 3.697
Most of Retail traders are in long position so this is another sell opportunity.
This opportunity can be open a sell at 0.64888 and another sill limit at 0.66234 area
AUD compared to USD looks bearish still-Still has yet to break the downward resistance trend line.
-H&S played out but failed to continue lower for now.
#AUDUSD - SWEEP - BEAR TRAPLIKE AND COMMENT
This analysis is TP in SMMA of 70 periods
Entry below liquidity $$$
Stop 25 pips
POTENTIAL RRR 1:7. ENJOY!
AUDUSD | LongHi guys
The dollar index is in an important resistance range and is prone to a good correction to the range of 106.70.
On the other hand, there is a valid upward trend in the AUD/USD currency pair; By the way, he has done a very good correction.
Targets and stop loss are specified in the chart
be profitable🤑
ASX 200 - Australian Stock Market for the next 2 yearsAustralian Stock Market General Analysis for the next 2 years
Hurst Cycles + Elliot Wave
Currently we are on a relief rally which will end in a month or so
AUDcad Short H4 Double TopSeeing that AUDcad seems to be failing to close above recent highs.
It appears that AUDcad was losing bullish momentum.
COT data reported a weakening AUD and a strengthening CAD.
Market came to test dynamic Daily Resistence. The test seems to have apprached the resistance in a rising wedge/flag correction. The top of this inner corrective channel formed a Double Top on the H4/H1 timeframes at its own resistance trendline. This appears to be enough confluence to consider selling AUDcad at this point.
Use the discretion of your own entry strategies to confirm any possible entry opportunities that you may find. as for me.
AUD/USD can't seem to break the current down trendHaving trouble breaking the downtrend ever since April 1st.
- Multiple attempts at breaking resistance line, but couldn't break (3 times)
- RSI and MACD on the daily shows reversal back down again.
If we get rejected again, I can see it heading to $0.67 first then as low as $0.61 area to hit the 0.786 fib zone.
What's your thoughts?
Aussie rises in advance of RBA rate hikeEUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔼
XAU 🔼
WTI 🔽
The Reserve Bank of Australia is expected to bring another 50 bps rate hike later today, and AUD/USD rose to 0.7023 with minor oscillation while its economy is dealing with the aftermath of the Sydney flood and Chinese lockdowns. As the Bank of England is preparing to increase interest rates on Thursday, GBP/USD climbed to 1.2254 and stabilized at the 1.2250 level, gaining over 80 pips.
The latest reading for US ISM Manufacturing PMI is 52.8, slightly higher than market estimates, but projections for US JOLTs Job Openings in June anticipated a minor drop to 11 million new job openings. Nonetheless, USD/CAD closed at 1.2845 and reached a high of 1.2855.
Compared to previous figures, Germany's retail sales in June decreased by 1.6%, against market bets for a 0.2% minimal growth, the EUR/USD pair was last traded at 1.0261 with a high of 1.029.
Crude oil demands were cut by recession sentiment, falling to $93.89 a barrel, losing almost $5 in the process. Gold futures closed higher at 1,787.7, then went to 1,796.6 an ounce.
More information on Mitrade website.
