We have taken a long position on EURAUD. 1) It is an uptrend on H4 and D1. 2) Oversold on M30, M15 3) Divergence present. Reversal is complete so we have entered at 1.4750
ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖ IMPORTANT INFORMATION:📌 - ORDER FLOW : BEARISH * LSB: breaker retest * PROJECTED TP : * PROJECTED SL: Hi master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us...
the exotic pair traded in a side ways ranging market for a long period of time, last week we witnessed a breakout to the upside in which a bullish momentum is gained. a retest was made by the pair during the Asian session today!! and the critical level acted as a great support. a potential bounce can be seen from the current levels or from 1.6505 level. the stop...
AM 2:30GMT Ausssie Inflation prints are released these are key for determining their August Policy Decision 1. IMO a 1.0%yoy CPI print shows a further 0.3% contraction in their yearly CPI, this should be sufficient to push the RBA to cutting their OCR by 25bps, similarly a 0.3%qoq CPI will be needed in conjunction to show that inflation is growing at a slow...
Short AUDUSD is in my top 3 FX Trades for several reasons: 1. AUD is considered a riskier G10 currency cross, so AUD trades weaker in risk-off markets, or when equities/ SPX trade lower (you can see the high correlation with SPX at the bottom of the graph). - With Brexit concurring last week, global risk has increased, this is especially the case for AUD due to...
After mixed data from China this morning and Oil looking like a further drop is on the cards I would expect the Aussie the pare all its gains from last week which was mainly due to the recovery in Oil. We do have the RBA rate statment out tomorrow morning so I will be looking to lock in any profit with a break even stop loss before the rate staement is released....