AUD USD - awaiting direction - bias still short
Hello traders and analysts,
So currently we are in a range - and we will need to be reactive here on the four hour time frame in order to see where price will show us, rejections for buys or sells.
What can be shown technically?
MA Longs Short Total Long Short
Avg_13 27,228 56,775 84,003 33% 67%
Avg_20 33,541 66,392 99,933 33.55% 66.45%
Avg_50 38,626 77,956 116,582 33% 67%
So why is price bullish?
Great question - at this present moment the USD is still showing signs of weakness, which is a tactic by the US government to create benefits for imports and exports - Trump is all about business so the sentiment of an attraction to a weak dollar is pivotal.
Technical set up:
Green zone - Weekly imbalance zone
Blue zone - we have a nice supply zone which will need retesting
4 hour Fibonacci retracement is showing signs of Bullish momentum to go for a retest of the 0.703 area wick.
At the moment the COT data shows signs of weakness but profits are still being taken and extended.
We have two possible sell zones shown of where price will react for our view.
Also is a buy position if price shows bullish signs.
Fundamentals:
USD stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire.
Failure to lockdown the country and social distance for states.. cases growing.
Vaccination attempts to drive market sentiment. - pump and dump for stocks who claim to have breakthroughs.
USD safehaven upon tensions between HK move on China vs USA debate.
USA - cases in multiple states are high risk, the disconnect is unbelievable.
twitter hack will affect tech stocks and S&P for privacy laws.
election taking place in November.
AUS - Victorian cases all time high, borders between states are looking to re-open with exclusion of NSW and VIC.
AUS has seen large progress with stopping COVID and has a weak currency battered by the USD in order to create strong trade balance and tourism prospects.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
So currently we are in a range - and we will need to be reactive here on the four hour time frame in order to see where price will show us, rejections for buys or sells.
What can be shown technically?
MA Longs Short Total Long Short
Avg_13 27,228 56,775 84,003 33% 67%
Avg_20 33,541 66,392 99,933 33.55% 66.45%
Avg_50 38,626 77,956 116,582 33% 67%
So why is price bullish?
Great question - at this present moment the USD is still showing signs of weakness, which is a tactic by the US government to create benefits for imports and exports - Trump is all about business so the sentiment of an attraction to a weak dollar is pivotal.
Technical set up:
Green zone - Weekly imbalance zone
Blue zone - we have a nice supply zone which will need retesting
4 hour Fibonacci retracement is showing signs of Bullish momentum to go for a retest of the 0.703 area wick.
At the moment the COT data shows signs of weakness but profits are still being taken and extended.
We have two possible sell zones shown of where price will react for our view.
Also is a buy position if price shows bullish signs.
Fundamentals:
USD stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire.
Failure to lockdown the country and social distance for states.. cases growing.
Vaccination attempts to drive market sentiment. - pump and dump for stocks who claim to have breakthroughs.
USD safehaven upon tensions between HK move on China vs USA debate.
USA - cases in multiple states are high risk, the disconnect is unbelievable.
twitter hack will affect tech stocks and S&P for privacy laws.
election taking place in November.
AUS - Victorian cases all time high, borders between states are looking to re-open with exclusion of NSW and VIC.
AUS has seen large progress with stopping COVID and has a weak currency battered by the USD in order to create strong trade balance and tourism prospects.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa