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Technical

AUD/USD Outlook (6 April 2022)Following the RBA rate decision and statement, the AUD/USD rose significantly towards 0.7650 This move was driven by the Reserve Bank of Australia's rate statement indicating possibility of earlier rate increases possibly in May (previously expected towards the end of the year) Overnight FOMC members commented - balance sheet reduction soon and 'at a rapid pace' (Brainard) - accommodative policy has to be removed, 50 basis points will be option to consider (George) This resulted in the US Dollar strengthening, retracing the AUD/USD from resistance zone 0.7650 Counter trend opportunity would be to sell the AUD/USD if price continues to move towards support zone of 0.7500
Short
by JinDao_Tai
AUD/USD Outlook (5 April 2022)Overall, AUD/USD have been trending upwards. Following the RBA rate decision and statement, the AUD/USD rose significantly. The Reserve Bank of Australia rate decision to be released on Tuesday (5th April), indicated: - Unemployment rate to fall to below 4 per cent this year and to remain below 4 per cent next year. - Inflation has increased in Australia, but it remains lower than in many other countries; in underlying terms, inflation is 2.6 per cent and in headline terms it is 3.5 per cent. -The Board has wanted to see actual evidence that inflation is sustainably within the 2 to 3 per cent target range before it increases interest rates. These signalled for earlier rate increases possibly in May (previously expected towards the end of the year) Following the trend, look for buying opportunities of AUD/USD if price continues to break above the resistance zone of 0.76000. Next resistance zone is at 0.78000.
Long
by JinDao_Tai
USD/JPY (4 April 2022)Overall, USD/JPY is trending upwards, reaching historic key level of close to 125.00. But despite this upward move, USD/JPY has retraced and is currently at 122.50 This was partly a result of the the Bank of Japan indicating unlimited buying of 10yr JGBs at 0.25% over 4 days and some level of peace talks over the ongoing Russia-Ukraine war. USD/JPY’s next support zone is at 121.70 and the next resistance zone is at 123.23 and 125.00. Look for short-term selling opportunities of USD/JPY back towards support level.
Short
by JinDao_Tai
1
AUD/USD Outlook (4 April 2022)Overall, AUD/USD have been trending upwards. Recently, AUD/USD consolidating at the resistance zone of 0.7500. The Reserve Bank of Australia rate decision to be released on Tuesday (5th April), with expectation for no rate increase at this meeting. However, with Australian economy picking up, rate increases is expected for later in the year. With a bullish pennant pattern forming, look for short term buying opportunities of AUD/USD if it breaks above the resistance level of 0.7500. Next resistance zone is at 0.7650.
Long
by JinDao_Tai
technical and fundamental for GoldHello friends, according to the following, we have the possibility of a downward movement in gold Gold continued its movement in a descending triangle for 4 hours in a time frame. It also has a support line, which will break the line up to the support line of the triangle. With the market focusing on ceasefire talks and the Federal Reserve becoming more hawkish, Wall Street has fallen below gold, and eyes are fixed on the $ 1,900 resistance. Given the possible progress in the ceasefire talks between Russia and Ukraine, some market analysts have found a downward trend and expect the price of gold to fall next week. The results of the latest Kitco Gold Weekly Survey show that most Wall Street analysts are currently downtrending on the precious metal. Although small investors are still optimistic about gold in the short term, sentiment has fallen sharply from the previous week.
GShort
by hamidrezashishegar
AUDUSD [Return To Fair Value Area]Good evening, it seems that the AUD is grinding against the Dollar and will inevitably return to the fair value area that it had maintained for some time before the bearish cycle that got cut off early. The reason for this is the increasing uncertainty about the degree in rate hikes for the Dollar, the increasing problem of inflation for the Dollar, and the risk on sentiments churning underneath the hood all of which contribute to the bullish scenario we have been seeing the AUD experience against the dollar. The technicals seem to indicate exhaustion, but in my opinion, this is simply accumulation prior to the big move in my humble opinion. The bulls seem to be holding the break of its prior bullish channel on the upside quite well, as they'd need a quite strong bullish move to establish the AUDUSD within proximity of its past fair value area. Now, this is only speculation and not financial advice... but I personally will be going long on the AUDUSD, will give an update on the outcome of the play. God bless, trade safe.
Long
by ExpandYourMind