GodMadeTrader

GodMadeTrader

AUD/NZD is on a steady decline. AUD Cash rate is on Tuesday. Forecasted for .10% interest vs NZD currently at .75% interest. I expect price to touch anywhere from 1.03400 to 103200. If price reacts correctly to all the recent fundamental news and upcoming AUD expected cash rate, we could see a dip to 1.0200 and below.

GodMadeTrader Updated 

A new downtrend is forming, fundamentals are going to push the price down and technical analysis is confirming this. Price is in a greed zone and bullish momentum is stalling, bears should be taking over the market soon. Sentiment is shifting. As long as 1.0540 is resistance look for 1.140.

GodMadeTrader

Bullish Momentum slowing on the 4h Chart. We are in a big greed zone and this is indicating a shift in momentum to the downside and bearish pressure is building.

GodMadeTrader Updated 

EURAUD showing loss of momentum on 4H chart for Bears, 4h chart is showing strong bullish action going into New York Open. Due to slowing in bearish momentum we can see this is a fear zone, and a contrarian approach can be taken. PLEASE NOTE - I have an algorithmic approach to my trading and this is contrary to most FOREX traders and I understand that my charts...