D-AUD
AUD Relief Rally to Get Chinese SupportMarkets have been dreadfully negative in recent weeks but we have in recent days begun a relief rally in US stocks and most FX pairs.
AUD has led higher after new election and new China friendlier party in charge. On that note china made first high level contact in 2 years.
We like AUD to rally with stocks and sentiment alone but the kicker would be if US drops tariffs on China and they reciprocate by dropping tariffs on Australia wine/coal.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based o n a recommendation, forecast or any information supplied by any third-party."
AUDCAD KiSS Strategy SHORT Welcome back! Here's an analysis of this pair!
**AUDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUD to challenge USD for the throne of King CurrencyAUD/USD has been belted in recent weeks as the USD bullied every major FX pair. The selling is overdone and into major support ahead of the FOMC meeting tonight.
Yesterday the RBA raised rates by 0.25% to 0.35% and we have begun the rate hike cycle with the central bank refocused on inflation.
We look for buy the rumour sell the fact USD selling tonight after the FED rate hike or for the bond market to begin pricing in more Australia rate hikes than currently priced in.
Trading Day Morning Jumpstart ahead of the Asian sessionMarkets held up okay in the US session but the pressure is definitely on as major Indexes across the board start to break lower.
I cover the key markets for the start of the new session ahead of the Asian market open. Major levels to watch and the current bias for markets....and how I would look to trade around these levels.
Markets covered : -
SP500, DOW, Nasdaq, ASX200, HSI, Nikkei, DAX and FTSE
US DOllar index, AUDUSD, EURUSD, GBPUSD and USDJPY
Oil, Gold and Copper
Bitcoin and Ethereum
AUDJPY I Headed Downward Welcome back! Here's an analysis of this pair!
**AUDJPY- listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
AUD/JPY pullback buying levelsAUD/JPY has led the charge higher but as we get into Friday and overbought territory then we look for pullback levels to buy from.
At some point Oil should drop or USD/JPY and this can bring us back to Y90 on AUDJPY but bigger support would be the FIB support at Y88.
As long as commodities and interest rates are high AUD/JPY is well positioned to do well.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
FOMC Preview - USD needs a pullbackFOMC Today, with 0.25% rate hike largely expected with 0.5% off the cards since the war. But the USD has bought heavily into this event and there may not be much room left for gains in the short term without a profit taking spell. Buying the rumour selling the fact is very common in trading and could be the set up here.
In regards to which pairs are in play AUD/USD has support here and Jobs data tomorrow so if we can catch some USD profit taking then pushing with AUD may offer more opportunities for upside.
IF looking to buy USD wait until the pullback is complete and then buying USD/JPY and selling going the main trade those buying USD looking at.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
AUDCAD Analysis - Bearish Bias on 4 HRWelcome back! Here's an analysis of this pair!
**AUDCAD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
GBPAUD LOCAL LONG OPPORTUNITY Welcome back! Here's an analysis of this pair!
**GBPAUD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
EURAUD BUY DEMAND ZONEWelcome back! Here's an analysis of this pair!
**EURAUD- listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
MORE LIVE TRADING: AU, EU, AND GU Sharing more live content. Limited commentary as I am trying to focus on seeing if we have setups. I was analyzing GU for the majority of the morning and it is not moving correctly. It is aggressively swinging and no clean set ups present. I was also waiting for EU to present a move and missed it by missing the last high/low area. Missed two 11RR longs/hedges from the 5s. Hopefully I can find something else prior to my work day. Not seeing anything on AU right now.
EURAUD Analysis - Temporary move down and trend continuationWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy