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AUDUSD The Bias Of The Day[i ]EURAUD didn't let the audusd to rally as it went up a lot but now idepreciate nowt wiat-leastciate now or at-least not rally much more. That would let audusd to continue its rally and potentially to make those double bottom patterns complete. So yes, generally I think that DXY (USDOLLAR INDEX) will pullback some more and that commodities are likely to do the same for now, so audusd looks pritty good . ps( I personally will look for a buy but i need to see some consolidation and some divergence to be more sure.) (If you like my ideas please remember to like and perhaps follow, thanks, good day to you all !)
Long
by Wizard
The Dark Side Of The BitcoinHope you get the reference : D Blue & Red trendlines are linear regressions of lows/highs starting from 2015 up to now red: 1 & 1.618 standard deviations blue: 0.618 & 1 standard deviations Dashed lines are the just representing the midlines in between to figure out the exact crossover at the end of the triangle which seems to be right around end of 2015. While it looks like a rising wedge rightnow, after more price action it might form into an ascending triangle. 0.764 time fib is a potential candidate for pattern breakouts in general. Make sure you listen to good music while watching this chart: www.youtube.com Cheerz : ]
B
by MagnusTradingGroup
8
EURUSD The Bias Of The DayEURUSD short term outlook remains bullish. Today at 14:00 UTC there will be ISM Non-Manufacturing PMI (Mar), which could move the eurusd pair up to ~ 60 pips or maybe more if the data is very surprising. There are no reasons, cut in stone, for my bias, but some of the core ones are : 1. eurusd pullback still has momentum and it seems like eurusds downside pressure is low at the moment. 2. The fed has become more dovish (recently). 3. US still has mixed economic data that in my opinion will be a negative factor for the dollar and will disallow it to continue its strong downtrend in the short term. (I'm not makeing any predictions about the pair. What I am doing at the moment is managing eurusd.) 4. If the eurusd rallies traders will look more positively on buying the s&p 500, that may be a reason for the FED to allow the usd to depreciate a bit till s&p 500 and others again make traction.. 5. And technically it makes sens at the moment there is a clear trend and a clear resistance later. If the price breaks the recent highs (resistance) at approx 1.010** ikt would open to itself a lot more of the upside. *. Sellers are likely to short at 1.010** and for that reason for small to medium cap traders it won't be a good place to go long as their selling is likely to push the price lower first and later I think it will go up but no bias for that for now so we'll see.
by Wizard
4
AUDUSD The Bias Of The Next 24hAUDUSD Bias At the turning point 1. If A double bottom with a bullish divergence forms. When going up 2. If the eurusd isn't falling while audusd is rising. The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or two times when trading the trend continuation trend than many trying to predict the top of the whole trend. Also Danske Bank agrees as according to fxstreet it has a bullish position on with a tp order at ~0.800.
Long
by Wizard
2
Long-Term Decision PointI'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI, we can see that the orange resistance trendline is potentially going to be broken. Failing that, a bearish divergence would be produced and it might be some time before the price attempts to break this trendline again. On the other hand, if the bullish scenario happens, we could see some seriously bull action in the medium to long-term.
BITSTAMP:BTCUSD
by K155MY4R53
3