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Australia

A positive outlook for the Aussie/Yen pairThe AUD/JPY continues to climb as expected in my prior analysis An uptrend in AUDJPY . A r(0.946) linear regression that started in October suggests that the Aussie will continue to gain ground against the Japanese yen (green arrows). Note that stochastic analysis is just entered the 20-80 zone suggesting that the trend may be over if a series of lower-highs start to appear. --- "Letting losses run is the most serious mistake made by most investors." - William O’Neil
Long
by adelriosantiago
AUDNZD BULLS READY FOR A BIG MOVE! ITS SHOWTIME!The chart tells it all. I have been waiting since weeks for this move to happen. Wait for a retracement to 1.0380/70 and place your stop at 1.0330 and let the market do its work. If you are more conservative, wait for the wedge break higher and enter on retest. Trail the market higher and give it some breathing room. 1.0750 and 1.10 would be targets, even a move towards 1.12 or 1.16 is possible but you have to keep an eye on fundamental developments, rate decisions,chinese economy development etc. for now 1.0750 seems legit as a first step. Best of luck.
Long
by IamJeanPaul
2
Aussie Long-Term SHORT PlaySince 2011, the Aussie has been steadily declining. Heavy price action has been highlighted above in green, and as recently as early 2016, we can see a strong resistance level around .7659 . Not only does DailyFX cite that the Aussie remains in a downtrend, a quick google search on "Australian economy slowing down" (and limiting to past 30 day results only) yields some fundamental concerns. News headlines titled "Australian economy 2016: 'Worst economic performance since GFC", "Australian economic growth looks set to slow sharply", and "Australia economy retracts for 1st time in 5 years" are among the results. With these fundamental concerns taken into consideration, I believe a long term play is appropriate. Taking a conservative approach, a safe stop loss order at .75675, a take profit order at .72930, will give us a 1.38 risk/reward ratio. The aim is 159 pip profit.
Short
by brandonlz2017
AUDNZD Ready For A Huge 800 Pip Bull MoveThis is an interesting pair, i have been watching and trading in the recent weeks and months. I am expecting a huge bull move. And the chart is showing that this market is getting ready for this move. On this weekly chart, we see a huge Shoulder Head Shoulder Pattern that has been forming for 2 years, and right now we are forming the right shoulder of this pattern. Now in this right shoulder we have another potential Shoulder Head Shoulder Pattern forming right now. My idea on this currency pair, is to look for long entrys. In my view there are two options right now. First would be to look for dips into 1.0400/30 area and buy with a stop below 1.0370, looking for this big daily pinbar low to hold, and targeting in the coming weeks the 1.1200 area so that this formation closes its body. Second option would be to look for another move towards 1.0310/1.0290 and buy with a stop below 1.0240 also looking for a move towards 1.1200. I am personally probably going to play both options, so if the first position is going to get stopped out, i will enter a second one hence i will adjust my lotsize on both positions. I wish you all the best, and please keep in mind, not risking too much, this markets are crazy and wise men said to build consistent profits, not trying to be rambo. Good Luck.
Long
by IamJeanPaul
4
AudNzd Three White Soldiers Trend ChangeWe have a beautiful ABCD multimonth flagpattern on the AudNzd Pair. I am expecting a strong bullish move towards 1.1230 in the coming weeks. After breaking 1.0310 we didnt have any kind of follow through for several days. Sellers are getting dried out, and i think bulls are showing a strong hand with three consecutive solid bull candles and moving again above 1.0310 we can also see a potential double bottom being formed, natural target would be around 1.1230. I am entering on 1.0315 with a Stop @ 1.0235 and looking for a move towards 1.1230
Long
by IamJeanPaul
2