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AUDUSD Trade Opinion and IdeaA somewhat dovish set of RBA meeting minutes and a round of negative risk sentiment (likely on the renewed possibility of a no-deal Brexit) has pushed AUD/USD lower. Potential catalysts from upcoming Fed speak and more Australian economic updates later, there is a possibility that we could still see volatility on this pair. If we do see some non-dovish comments from Fed officials combined with a poor Australian leading index and some us-sino negative risk sentiment reports Aussie will have pressure and greenback may drag it further lower.
Short
by jessi061
Expecting Weakness In Dollar Into Year EndA timely update to the Dollar chart after clearing Fed minutes. Nothing to update after the third cut, Fed front loading the DXY decline over the coming months and quarters. Firstly lets start with our Long-term Dollar chart: Mainstream media selling the orderly brexit resolution and reflationary growth rebound to strategically converge the gap with the US. This is on track to work, a master stroke which will weaken flows into US assets. EUR will benefit as collateral here with global yields higher it is going to squeeze the hand of the over leveraged US market, which will be the start of the turndown in US Equities: I also see EURUSD rallying next year: As widely expected since 2018... For the short-term flows, all eyes on 98.00 as the key level in play for the rest of the year. Expecting market to turn offer into year-end and I target the 96 handle with potential for USD to continue the decline well into 2020. Best of luck all those trading USD, jump into the comments with your ideas and charts!
TVC:DXYShort
by ridethepig
2
Aussi Vs Greenback (AUD/USD) Intraday Trading Strategy & IdeaWe had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as long as the mood of the U.S .- China's trade front remains sour. NAB Business confidence data had been downtrend in past couple of months and morning it was better than last month though. If the U.S .- China feeling reverses (which is a very possible scenario), then a break above the key level 0.6850 zone is the technical signal to be interested in the role of long bias.
Long
by jessi061
NZDUSD bull exhausted? Retracement play? A small swing short idea. It seems like exhausting bulls and retracement/pullback/correction whatever may be a scenario. Overall it may have bounced from a demand level of higher timeframe so this idea may only be focused on playing the retracement of this overall bullish trend. Everything is clear where we exit? If monthly pivot R2 is crossed by price. Where we take profit? Targeting right at 38.20% fibo retracements. Be careful with your position sizing and money management if you intended to take the trade. Just an opinion, not a fact risk on your own and good luck! A happy great new week to all fellow traders!
Short
by jessi061
EURUSD approaching strong resistanceAs the pair approaches 1.12 level and a 3rd touch on the downtrend line, also 200SMA, resistance is quite strong and catching a short trade on the bounce offers great risk reward. For more confirmation we can wait for the break of the uptrend line. For a buy trade, a strong break is required to the upside. Best to wait for the break on strong data, retest for additional confirmation. Now that Christine Lagarde is ECB president, her first policy meeting in December could set the new tone for the euro or at least show her policy stance. Good Luck!
by Antonio_trader