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Australiandollar

AUDJPY: BAMM Breakout Headed for a 50% RetraceI suspect as the Japanese Carry trade is pressured, that there will be an effort made by institutions to convert to AUD in anticipation of Australian Interest Rates potentially rising above US Interest Rates, this would revive the more traditional Australian Carry Trade and serve to reduce the downwards pressure put on the Japanese carry trade while also reducing their overall leverage and should allow them to prolong the Bull Market in equities at least until the spring. Meantime the conversion to AUD should Temporarily push the value of the AUD up higher and given how much leverage would be going from JPY to AUD, I'd suspect the rise we see in AUD to be a bit on the extreme side which could lead to us very quickly seeing AUDJPY reach the more macro Fibonacci retraces between 139 JPY to 191.567 JPY.
Long
by RizeSenpai
4
New lows for Aussie Dollar Futures Coming? CME Australian dollar futures have pulled back to the neckline of the recent head and shoulders pattern, which presents bears with a formidable selling opportunity. Recent strength in the USD has certainly been a boon to Australian dollar futures, and with the influx of encouraging economic data in the U.S.over the past few weeks, it appears likely that strength will persist. Moreover, greater confidence in the breakdown of Aussie dollar futures can be drawn with the increased selling pressure on the break through the neckline on the right shoulder. Over the course of the next few weeks, it is likely that the neckline will begin to act as resistance if prices indeed accelerate lower. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:6A1!Short
by Blue_Line_Futures
AUD/USD Gains Positive Momentum Amid Global Market DynamicsAUD/USD Gains Positive Momentum Amid Global Market Dynamics The Australian Dollar (AUD) is riding a wave of positive momentum during Friday's European session, extending its bullish trend from earlier in the week. A brighter sentiment in European markets and some profit-taking after a robust US dollar rally are contributing to the Aussie's upward trajectory. Technical Analysis: The price action tells an encouraging story, bouncing off the 0.6525 support zone, strategically located at the 50% and 61.8% Fibonacci levels. This rebound, in conjunction with the Dynamic trendline, has propelled the price above the 200-day moving average. Adding to the bullish outlook, the Stochastic indicator is poised to exit the oversold condition. These combined indicators present favorable signals for a potential new bullish impulse, suggesting an upward movement in the price. US Data Influence: Recent data from the United States has lent support to the USD, with jobless claims declining against expectations last week. This supports the narrative of a resilient US economy, challenging the earlier market sentiment that had priced in rate cut expectations in December. The USD's strength is a crucial factor influencing global currency movements, including the AUD. China's Economic Struggles: On the flip side, data from China has added a layer of complexity to the global economic landscape. The fourth quarter's GDP and Retail Sales figures fell below expectations, underscoring challenges in the world's second-largest economy. This has left investors eager for more robust stimulus measures and heightened negative pressure on the Australia-proxy AUD. Outlook and Targets: In light of the technical indicators and the broader market dynamics, we anticipate a bullish continuation for the Australian Dollar. Our targets are set at 0.6700 and above, reflecting our optimism for sustained upward movement. However, market participants should remain vigilant, considering the ever-changing global economic landscape, and adjust their strategies accordingly. Conclusion: The Australian Dollar's positive momentum is a testament to the intricate interplay of global market dynamics. Technical indicators align with the bullish sentiment, while factors like USD resilience and China's economic struggles add layers of complexity. As the AUD charts a path towards higher levels, traders should stay adaptable and closely monitor evolving economic indicators for a comprehensive understanding of the currency's trajectory. Our preference Long positions above 0.64 with targets at 0.68 & 0.69 in extension.
Long
by FOREXN1
5
AUDUSD: Bullish Divergence Signals Long Opportunity📉 Overview: AUDUSD, post-downtrend, exhibits a bullish divergence, hinting at a potential reversal. With a strong 90% long market sentiment, the analysis suggests a long trade upon the break of the last lower high (LH). 📈 Technical Analysis: Bullish divergence after the downtrend provides a promising signal for a potential upward move. 📊 Market Sentiment: With 90% long sentiment, there is substantial support for the expected bullish reversal. 📉 Trade Strategy: Consider entering after the break of the last LH, aligning with the bullish divergence and overall market sentiment. 🛑 Risk Management: Implement risk management measures, including setting stop-loss orders, to mitigate potential losses. 📈 Conclusion: AUDUSD offers a favorable long trade opportunity, supported by a bullish divergence and strong market sentiment. Monitor for the break of the last LH and adapt positions accordingly.
Long
by miansarimhameed
it's time to going up for AUDNZDbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: 1.08042 Target1: 1.08171 Target2: 1.08230 Target3(Final Target): 1.08334 Stoploss: 1.07969 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
Long
by MakingMoney444
AUD/USD Shows Strength Amidst Geopolitical Tensions and Techn...AUD/USD Shows Strength Amidst Geopolitical Tensions and Technical Signals In a surprising display of resilience, the AUD/USD pair traded higher on Monday, rebounding from the 50% Fibonacci level following a significant pullback to the support level at 0.65250. This rebound was reinforced by the dynamic bullish trendline, which has proven to be a reliable support. Notably, the price surged above the 200 moving average, while the RSI moved out of oversold conditions. Geopolitical Developments: Despite heightened geopolitical tensions and a stronger US Dollar (USD), as evidenced by a tragic drone attack near a US outpost in Jordan, the Australian pair exhibited notable strength. The incident, which resulted in casualties among US service members, has prompted the Biden administration to consider specific plans for a response, potentially including strikes into Iran. Market Dynamics: Australia's money market remains stable, buoyed by upbeat crude oil prices. The AUD's resilience could also be attributed to news of additional stimulus measures by the People's Bank of China (PBoC). The Reserve Bank of Australia’s (RBA) Bulletin reflects a moderation in businesses' price growth expectations over the past six months, though prices are anticipated to stay above the RBA's inflation target range of 2.0–3.0%. Despite this, the RBA is expected to lower borrowing costs later this year. Upcoming Economic Indicators: Investors eagerly await Tuesday's Australian Retail Sales, anticipating a decline of 0.7% compared to the previous increase of 2.0%. Additionally, attention is focused on Wednesday's Consumer Price Index (CPI) data. Forecast: Despite the complex geopolitical landscape and economic indicators, our forecast for AUD pairs remains bullish. We are eyeing a take profit at the 0.6700 level, aligning with the positive technical signals and the overall strength exhibited by the Australian Dollar. Traders are advised to stay attentive to evolving market dynamics and adjust their strategies accordingly. Our preference Long positions above 0.64 with targets at 0.68 & 0.69 in extension.
Long
by FOREXN1
3
AUD/USD Shows Signs of Recovery Amidst Softening US DollarAUD/USD Shows Signs of Recovery Amidst Softening US Dollar The Australian Dollar is experiencing a mild recovery on Thursday, benefiting from a weakened US Dollar. The currency pair has managed to trim some losses, reclaiming levels above 0.6550. This article delves into the technical and fundamental aspects influencing the Australian Dollar's recent performance. Technical Analysis: From a technical standpoint, the price has undergone a retracement to a critical support zone around 0.6520/0.6525. Within this area, key levels include the 50% and 61.8% Fibonacci retracement levels, along with the dynamic trendline of a potential bullish channel. This convergence of technical factors suggests the possibility of a bullish push-up in the near term. Fundamental Insights: On the macroeconomic front, Australian economic indicators present a mixed picture. Consumer Inflation Expectations remained stable at 4.5% in January, indicating a level of inflationary expectations among consumers. However, concerns arise as the number of employed workers unexpectedly declined, pointing towards potential challenges in the labor market and a loss of momentum. Conclusion: The Australian Dollar's recovery is underpinned by a softer US Dollar, offering traders an opportunity to reassess their positions. The technical analysis highlights a significant support zone, suggesting a potential bullish move. However, the mixed macroeconomic data, particularly the unexpected decline in employed workers, introduces an element of caution. Our preference Long positions above 0.64 with targets at 0.68 & 0.69 in extension.
Long
by FOREXN1
5