Last week we took a trade in the AUD with positive results and closed the trade manually with profit. This week-end's analysis aims to look at the recent performance and chart patterns and give reason as to why a bullish trend may be a theme next week. Firstly, the reason we are bullish next week is not because we were bullish last week. Subtle cues may give us...
Perfect 0.618 Fibonacci retracement at 0.64995 seen where there are clear reactions to that level. My analysis is to see the AUD go bullish from here in the medium-long term. I would also like to mention something about the positive correlation of XAG USD to the AUD USD pair. At the end of last week saw a big positive candle in XAG USD, which may continue. If...
Structural based decision to find AUD USD is in a SHORT position. Historically AUD USD in the past thirty days has seen activity that forms patterns that go up and pivot on an APEX and comes back down again to form an upside down V. We are in the latter period in my opinion, so as to say the APEX has passed and we are beginning to see downwards trajectory.
Structure and Base has formed to indicate AUD JPY wants to go up.
Risk management strategy: by spreading the lot entries into small parcels, more risk is taken on as the Last Price value rises in favor of the trade. If the trade becomes unfavourable half-way, then only small risk is accepted as a loss.
The AUD has seen upwards momentum in the Asian session and as of the start of the London session it looks like the Long is continuing.
Positive trend line if it holds. Negative Arc to represent possible negative downturn which negates this trade STOP Line to represent STOP level
A frame is being formed. Like a ski hut roof. The first half is already in place and the second half downward shape is looking like it is being formed. SHORT action detected today in the AUD session. Look for daily position holding from today for (x) unknown periods.
Divergence in the positive direction has been shown in the daily AUDUSD chart since Thursday and continues to push higher in the Friday AUD session.
Maybe due to increase in investors investing in bonds Things to research: Yield Curve/Yield Spread/DV01 On a purely speculative/technical level, I expect the US Dollar gains to continue into early July.
Waiting for the three wlliams moving averages to show divergence in a downward direction in the next day or two. Once there is a sideways or slight downward push for the three moving averages a short can be considered for S&P 500.
Waiting for the three wlliams moving averages to show divergence in an upward direction. Once there is a sideways or slight upward push for the three moving averages a long can be considered for the US Dollar Index.
Waiting for the three wlliams moving averages to show divergence in a downward direction in the next day or two. Once there is a sideways or slight downward push for the three moving averages a short can be considered for AUDUSD.
SHORT the .618 Fibonacci bounce to lower level. Oil is SHORT
Bounce off lower bollinger band. XAUUSD looks to go to the Bollinger Band Basis - (middle line) or may fall after the rise towards the Bollinger Band Basis. GO LONG
Bounce off lower bollinger band. GC1! looks to go to the Bollinger Band Basis - (middle line) or may fall after the rise towards the Bollinger Band Basis. GO LONG