🗓🧮 Calculated play for the upcoming week.
AUDUSD ended the day of the trading week with price down 0.33%. Seniment up 13.89% and message volume down 2.61%
💲💲 Dollar Index ended week -0.13%
Gold ended week +1.63%
🛢 oil -3.22%
📈 US stocks have been constantly plunging and failing to maintain consistent bulish momentum. Austalia’s stocks also had a declining week but...
Price is down⬇️. Sentiment is down⬇️. Message volume is down⬇️. Looking at the pair AUDUSD we can easily see that we are on a bearish trend📉. The Aussie should is taking a hit after posting the highest unemployment rates seen in 19 years↗️. The Aussie also saw double than the expected already negative employment change yesterday✖️2️⃣; and also posted a higher than...
🔊📢 Price is down⬇️. Sentiment is down⬇️. Message volume is down⬇️. Looking at the pair AUDUSD we can easily see that we are on a bearish trend📉. The Aussie should is taking a hit after posting the highest unemployment rates seen in 19 years↗️. The Aussie also saw double than the expected already negative employment change yesterday✖️2️⃣; and also posted a higher...
🔊 AUDUSD has me feeling real bearish. Price:⬇️ Message Volume: ⬇️ Market Sentiment:⬆️. US stocks: ⬆️ Australia stocks:⬆️.
Rising covid concerns in China causing trade issues with Australia. USD rose on powell speech. US had strong day fundamentally. ⚠️‼️📝📰📰📰 A lot of economic news for both countries tomorrow; pay close attention to what is being reported.
😎🤑🤓 A quick fib on the one hour and four hour chart shows it should catch a couple more pips going up. These are the time's I'd go medium aggressive , get in quick and get out even quicker. In times like these, you have to be mindful of when market centers open up, and when news is set to be released that will affect your pair. Sometimes the simple and easy trades...
With protests and covid fears taking place in both the United States and Australia, as well as the stock market connected to each currency plunging recently, we can lean more towards the side of a sell. We are seemingly in a state of consolidation right now but another retest of our 0.70000 James Bond Area doesn't seem too likely. Jobless rates in the US will stay...
As of now, we can see a reverse head and shoulders pattern forming. If we get a close about 0.90000, our "James Bond Zone", and above the left shoulder, then all signs would point to a strong buy. Conversely, if we close below the 0.90000 (James Bond Zone) and below the left shoulder then we'd be set for a sell, at least to 0.89850 . Fundamentally, we are in...
As mentioned in the previous post, we were anticipating a drop to the zone it is at now. Currently we are waiting to see if we can get a close above the 71.8 fib zone. If we do, we may start gearing up for a buy. We do have some news for USD coming out at 8:30. Waiting until then to trade would be prudent, but if we get confirmations before then I will get in on...
Fundamentally, the USD received a lot of bad news throughout the day greatly affecting price especially in the later half of the trading day. The news led the pair to a high not seen this year. Bulls are looking to maintain strong control. A little fibanocci shows that we can expect price to drop between 0.69850-0.69350 before continuing on the bullish overall...
Eurbgp is currently consolidating between 0.89000-.90000. Using fibanocci retracement, we can expect price to continue moving up to the 0.89773 71.8% mark but it could push all the way to the 0.90000 resistance mark. Curious to see how price continues to move on this one. Been catching nice pips this morning with this pair.
We are seeing some expected retracement currently at the 61.8 area. We've been steadily catching pips thus far and if all continues as it's looking we will have another great night leading into the morning.
We can see a bounce of the fib 50 and it looks to be forming a strong flag pattern. The flag part of the "flag and pole" pattern looks to also be creating a bullish expanding triangle. Breakout season is among us.
After a small bullish jump its looking like we are starting to create a small area of consolidation. Nice for surfing quick pips. Excited to see how this plays out through the night. Lets see if we can quick surf our pip goal for the night!
We had a close above our previous reverse head and shoulders formation confirming the continuation of the bullish uptrend. Major pips were caught in consolidation and on the first jump.
When we step back and take a broader look at the one hour chart, we can see that we are perfectly inline with a fib based retracement. We could see a little stagnation at current level and then the bullish breakout to the next zone.... either that or this was the trend reversal... maybe based off the weekly technicals. Any ideas??
