A currency pair to watch this week as we approach the final 4 months this year, 2020.
Watch closely regarding monetary news from RBA's rate statement on Tuesday, 1st of September, 2020.
Westpac bank projects AUDUSD at 0.77.
Could a buy at 50% and/or 61.8% be eligible for this pair?
What do you think could it offer for GBPAUD?
Have a nice trading week.
Here's a simple test run using a simplified formula on shorting a pair. Price is mathematically estimated with ("if") conditions to both technical and fundamental analysis. Data on price was based from 1535/oz (dated September 24, 2019) to next target price, (approximately) 1433(/32) /oz. This price and TA should be received as an approximation only. Trade...
As we explore a nature of dynamic Fib channels with this pair. It's been interesting watching how it has adjusted its position based on price and time.
Have you wonder why it hasn't been motivated heading South for a while? It actually just daunting some moves but still on the proper level to stroll upward.
One of the findings is that, it has been actually...
Hey co-traders, 1st off, our GU is seating off on Major Short Trend. It's not wise to buy until cloud is clear. We can see how she tries to move up and keep on getting rejected on those key levels on volume. Dynamic wise, dealers still have a room for it down to the bottom to 1.235 or lower, which could be calculated as economic factor depreciates its price on the...
