Australia
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.
Good Short Opp.Long term down so we are looking for a short opportunity here. Fractal momentum formed a and sholders and just crossed below the 0 line
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
Finally some action " LONG"The month of August was a sell off market, and September have dropped Monday all the way to 5150.
But now, with 2 technical analysis confirmation, I am confident in going Long, aiming the 5600.
Things to have in mind during September"
1. SUPER Thrusday 22nd of September, the USD FOMC rate decision, expect a lot of volatility, and secure your positions.
2.Australian's footy finals is on the 1st of October, that means, the market will rally the Friday and the Monday after the finals, (this happens every year)
3. Expect some news from the USA election.
Good luck trading.
Long Term Sell AUDUSDlets see what will happen
butterfly pattern
it also support my idea on EURAUD
wish you all the best
GBPAUD DAILYTHIS SYMBOL IS SETTING UP FOR A BULLISH MOVE, WHAT DO YOU SEE. ALSO VIEW THE WEEKLY CHART OF THIS SYMBOL. PEACE AND SUCCESS AS PATIENCE IS KEY IN THE TRADING BUSINESS !!!!!!!!
AUDUSD - RBA - Interest Rate Cut ShortRBA Interest Rate Cut Short - 1 hour timeframe.
#elliotwave #fibonacci #australia #aussiedollar #rba #interestrate #audusd
AUDUSD : Short - Possible Test Of Previous Lows. Target 0.7300Break of rising wedge. Huge Upward channel correction is over.
Target 1: $ 0.7530
Target 2 $ 0.7300
NZDUSD : Short Target Price 0.68000Bottom of Channel Price
Entry Price: 0.70500
Target Price:0.68000
SL : 0.71500
What does it all mean?Remember that AUDJPY SPX correlation that was so strong last year?
It's completely broken down. When the AUDJPY fell in sync with the stock market that usually signified that there was a market move from risky to safe haven assets. Lately, even though the AUDJPY has fallen and stayed flat, the stock market has rebounded strongly and threatens to rise higher.
What does this all mean?
1. SPX is more resilient meaning that it offers the best return. With earnings falling it is creating a bubble where the fundamentals and risks don't match the price. The AUDJPY represents the true level of fear in the market.
2. The AUD and Aussie bonds is less attractive with the RBA dropping rates, political and economic uncertainty. Commodity prices are still low.
3. The stock market isn't as bad as the negative sentiment going around. Market is correctly priced.
4. Short squeezing. Meaning that short sellers are closing their trades or hedging.
5. Bargain hunters. Traders believe that the drops represent profitable opportunities.
It's probably a combination of all these factors, but what I really believe mostly is happening is that foreign buyers, such as those in Asia, specifically China and Japan (who have no faith in their own markets), and European investors where euro stocks are much riskier, are pumping their money into the American stocks. This is creating, certainly imbalances that can only be solved wen Americans start participating in their own markets. When Americans start investing more strongly in their own markets, the Fed will likely raise rates. When they raise rates, there will certainly be a period of volatility but this will just be an era of rebalancing. In any case, I believe that the market must go down before it goes back up.
AUDUSD Short - .786 Hourly Shooting Star - AUDUSD Short - .786 Hourly Shooting Star -
Bearish price action at the .786 retracement level
2nd wave pullback, beginning of potential 3rd wave down
TWO SCENARIOS FOR AUDJPY. For short: I think it's a good idea to short from 50% level to target the bottom at 72.5.
For long: it's wise to long from purple area. The first entry would be if there is a retest of the lower purple box. Second entry would be after the weekly downtrend has been broken, then a retest of the trend line around the second purple box.
Aussie VS SwissYes weekly is for long term trader so I am. Lots of thing giving long signal on this pair, market is dynamic so we have to wait and see if price hit our entry point @0.7256
AUDNZD SHORT SETUPThe pair has broken a strong trend line which has held since May 2015 , price has now retested this and bearish momentum can be seen to be resuming. Waiting for daily close for entry for shorts to Target 1
AUDUSD - ALT Bat with ABCDE Expanding WedgeSelling at 0.74400 which will be point E of the Expanding Wedge and the D point of the ALT Bat.
Even if the wave count is one wave off, E would still be D and fall to around 0.71600 before making E and flying right back up.
No doubt selling at the 0.74400 level.
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AUDNZD bullish divergence at supportVery strong support level on AUDNZD, coupled with bullish divergence with the RSI falling into oversold territory.
No significant fundamentals at play so a good opportunity for solely technical trades.
Buy at the support.
Will the Australian central bank cut rates?Bolstered by a rally in commodities, improved manufacturing data and employment levels in Australia, the economy is doing very well. In fact, it has been the best performing economy among developed nations outside Europe.
However, the appreciating AUD is undermining this strong economic performance, dragging the country down and hampering growth. It is in the Australian central bank's best interest to cut interest rates to allow the AUD to depreciate and the economy to grow with the strength it should be.
As well as this, the inflation levels in Australia are still below the 2-3% target at 1.7%, giving room for a rate cut.
I think that further appreciation of the AUD will cause central bankers to realise its unsustainability - for want of a better word - in undermining economic growth, and will go forward with a rate cut. Thus, if the AUD reaches the region indicated by a box on my diagram, I will consider shorting AUD, with a target price somewhere in the low 70 cents region.
Long AUDUSD on structure I speculated that the RBA would cut rates at the meeting in the beginning of May and went short with a profit target of 73. This has almost been met, providing us with a buy opportunity at the very strong level of structure , indicated by the horizontal black line.
Could buy now or at 73.
