The fundamental backdrop for AUD remains solid, although it is not showing up in all of the data at the moment. The unemployment rate came out last Thursday and printed at 14-year lows for the second month in a row in March.
Since September 20, 2021, the Frankfurt Stock Exchange has officially expanded the components of the DAX 30 index to 40 shares or the DAX 40 index. Of the 40 stocks of selected large companies that are components of the DAX 40 index, as many as 15 stocks made a profit, while 24 stocks suffered losses and one stock traded unchanged. The European Central Bank will...
The price of Gold was supported by investors against Russia and Ukraine as well as the outlook for China's economic growth given. Based on the COT report that was last released, it showed that large institutions tended to hold contracts for long positions totaling 165,244 more than short 48,219, and they continued to add to their total 16,924 more long positions...
Switzerland took center stage as it delivered its MoM and YoY CPI numbers for March. The actual MoM reading came out at +0.6%, which is better than the initial forecast of +0.5% but worse than the previous +0.7% figure. The YoY number met its forecast and came out at +2.4%. The Swiss National Bank’s price stability target is for the CPI numbers to be less than...
This analysis is based on market sentiment. Lately, Elon Musk has caused a commotion on social media because he decided to buy Twitter, the richest man offering US $ 43 billion or equivalent to Rp. 618 trillion. Musk's reasons for owning Twitter are not purely for business or financial gain, but Musk reveals the reason is so that Twitter's social media remains a...
This is the technical analysis of GBPUSD H4. Based on chart pattern analysis. We can find a triangle and wedge pattern, The direction of the trend is sideways tends to be bearish, there are economic data to be released, prices will fluctuate. we can take this opportunity to take a buy low - sell high : 1. The price is still moving in the pattern area. 2. Moderate...
NZDJPY H4 chart, based on chart pattern analysis, is forming a bullish pennant pattern. From this pattern, it can be concluded that there are 3 possibilities : 1. The price will be sideways in the pennant area. 2. Moderate bullish is possible when breakout above Pennant resistance area or below Pennant support area. 3. Breakout of the support area/bearish...
Inflation data released overnight saw the headline CPI for the month of March hit expectations at 1.2%. Revisions saw the annual number to the end of March print slightly higher than anticipated at 8.5%. Year-on-year New Zealand CPI is running at 5.9% to the end of the fourth quarter 2021, the highest in 30 years. With local GDP running at 3.1%, stagflation is a...
Bitcoin is consolidating in the 34k - 48k area, it has touched the support area. We can take short-term buy opportunities. After trading last week there was a false breakout. Technically forming a falling wedge pattern, the macro trend tends to be bearish . But bullishness can also occur if inflation is high, we know the underlying bitcoin is a 'safe haven'...
Technically, we can see the ascending triangle pattern on USDCAD Daily. and a breakout occurred in the support area, there was also a retesting . This will increase the possibility of USDCAD to be bearish in the future. a false retest can occur due to fundamental factors that change every day, the main focus of the USDCAD pair at the moment is oil prices,...
Get ready to fly, this is my TVC:USOIL trading plan, how about you?
This is my trading plan for DXY. Sell opportunities can be taken based technical reasons, We can see that DXY has reached the resistance area, for short term DXY allows for a correction . However, DXY macro trend still tends to be bullish.
This is the technical analysis of USO H4. Based on chart pattern analysis. We can find a triangle pattern with an advanced trendline for more accurate confirmation, The direction of the trend tends to be bullish, we can take this opportunity to take a long position : 1. The price is still moving in the triangle area. 2. Moderate buy action is possible if the...
The falling wedge pattern is formed on the EURAUD H4 chart, the horizontal support-resistance area boundary is also validly formed. The direction of the trend tends to be bearish , we can take this opportunity to take a short position : 1. The price has touched the resistance area (horizontal res.) 2. The stochastic 5 3 3 indicator has crossed above 80, which...
This is a bullish potential to plan a buy stop if the price has a power breakout above the resistance area. What we need to know is that Gold and USD fundamentally have the same bullish power. We can see from the market moving sideways between 1910-1966. Since the price is very liquid, we can use this opportunity to open a trade. I don't really recommend because...
AUDCHF H4 chart, Based on technical analysis follows the trend with the help of MACD oscillator. Bullish potential can be seen. Technically there are 2 reasons AUDCHF possible to be bullish : 1. The price has touched the support area. 2. The histogram of MACD has shown a dark red fading, which means the bearish trend is weakening. Risk : MACD Line has not...
For today, look out for a speech from BoE chief economist Huw Pill. Given high inflation that will go higher he may not want to issue a rate protest today. Thus, EUR/GBP can probably continue to bounce around the 0.83-0.84 range. Here are the possible bounces area projected in the D1 technical analysis chart. We can see here that the price has not power to...
Do you believe in strong dollars? Fundamentally, the USD is under inflationary pressure, especially in America. Biden continues to urge the Fed to immediately fight inflation. Jerome Powell has taken step by step since the end of 2021, the fed is considering QE then tapering it from 15M to double it 3 times, then in early 2022 the fed also raises the interest rate...