Aussie Dollar falls as bond yield drop hints RBA outlook eroding. The Australian Dollar underperformed in overnight trade, falling alongside local front-end bond yields. That speaks to a dovish shift in RBA monetary policy bets, though a standalone catalyst triggering it is not immediately apparent.
Monthly: Spinning top green candle, testing monthly...
today i want to bring your attention to GBPUSD. As you can see, looking left, there are multiple structure level that acted as supports or resistances. This level also lines up with the 618 retracement and a psychological number. So i'm going to look for a double top or a simple candlestick formation right there.
I'll keep you updated.
If you want to...
A pin bar at the 50% Fib level gave price a little relief, but price action suggests this rally is over, with no bullish follow through in the days that followed.
I will look to get short on a break below the pin bar wick, and perhaps a little higher if price action presents an opportunity.
Targets would be next support/prev resistance at $49, where there is...
Price has risen to test a very strong area of resistance.
On the Daily chart a breakout looks imminent, but I favour a move to the short-side
There is great RR, esp if price tags the 0.77406 highs
I will wait for a bearish daily close at these prices before looking to short
There is not much indicator-based support to this idea, hence my cautious approach.
with a higher high running out of steam and three lower highs and lower lows, i decided this is a good opportunity to short and look towards heading to strong liquidity levels to take profit, GBP over Eu has performed stronger this week.
A trade I have been stalking for some time. After breaking out of a previous area of consolidation, price has retraced back into this area. I will be looking for shorting opportunities intraday, with a view to a swing trade targeting the 1.230 region.
ADX approaching extremes
61.8% Fib of dominant downswing has confluence with...
I believe with Brexit just around the corner and with the interest rate decision in the US we will continue to see a sell off on the daily chart for GBPUSD down to 1.1949, we tried testing the resistance and was un able to make showing it is not respecting that area and price action continues down, this is more of a high risk trade due to GBP needs to break recent...
The Dollar has appreciated as the FED have announced a rate hike as early as March is on the table. Commodity prices have struggled in this environment and hurt the Aussie dollar. I see this pair making a new low as more bears enter the market. This technical set see's a strong downtrend with a pullback failing to close over the 0.61% fib level and downward...
Price has carved a range between the 38.2 and 61.8 fib levels
Following NFP, price has tested the top of the range for the first time
I am expecting resistance to hold and will look to enter a short position
!st target at 1.062
2nd target 1.053
Price bounced to retest previous support which seems to be acting as resistance
Following NFP, the Dollar appears to showing some weakness despite a positive number
Intraday, I will be looking for short opportunities with targets are previous lows.
After looking on the daily 4hr chart this pair is clearly on a downtrend, GBP is weakening against most major currencies due to fundamental reasons with Brexit, i believe we are going to see a restest of the support level and 0.236 fib giving us an opportunity to take 100 pips from this trade, I will be looking to enter this after NFP results today.
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i...