AUD CAD (Australian Dollar / Canadian Dollar)
The Australian Dollar vs. the Canadian Dollar. Both of these currencies are regarded as commodity currencies and are considered to be a relatively stable currency pair. The CAD fortunes are closely related to the U.S. because it is their largest trading partner and neighbor. The AUD is more effected by its alignment...
Yen was nicely growing for past 3 months. Now we are slowly reaching the supply and upper band of long term ascending channel . Banks holds pretty significant longs.
High longs, bellow supply = Profit taking.
The price is above the Mirror Level 0.68000.
The best situation for the open Buy position will be the false breakout of that level and H4 candle will close above.
Before to trade my ideas make your own analyze.
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The Euro vs. the New Zealand Dollar. The New Zealand dollar had performed well against the Euro recently because it is often considered to be a proxy for the Chinese growth. Eurozone weakness may limit any significant reversal if concerns about Chinese growth occurs as the country shifts from export lead growth. The NZD has benefited from the recent Euro-zone...
EUR/CHF is looking north, having bounced up from key RSI support. The 4-hour chart indicators are also reporting bullish conditions.
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CADCHF has moved lower after a slew of poor US and CAD data. The pair has moved lower to test trend line support and has posted bullish price action, we are now expecting a move to the upside after a break of short term resistance.
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AUDCAD bounced off 0.90800 zone where it could potentially rise further to 0.91000 zone.
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GBP AUD (British Pound / Australian Dollar)
The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity...
The Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.
old price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of...
