The fundamentals point towards a fearful economy for Australia. "Australia's central bank flags chance of further sharp fall in unemployment" was the most recent update after the Monetary Policy Meeting of the Reserve Bank Board. This month, at least, we should be expecting that to be enough confirmation to change bias to short. The United States has had better...
I am short this pair at the break of 1.3100 support. There has been a recent up-trendline break which is adding to the confluences. Looking to take down to my first target around 1.2900 support then further later on in the week.
I am short this pair. Looking to take down to 110.600 support for my first target then down to 108.565 for my second target this week. Lets see how next week plays out.
With recent fundamental shifts in sentiment, along with the global futures charts to back my opinion, I am long this pair. The technical shows price making a bounce off of 1.1200 support, heading towards 1.1450 resistance, which if broken, will signal my long entry. I will also be looking for limit orders if price drops as much as 160 pips from current price, then...
This afternoon the Aussie released its monthly employment change which happen to be over 4 times greater than last month. This is a strong indication for short term spikes to the upside for Australian pairs. The technicals point towards a bullish engulfing candle on the 1 hour timeframe along with plenty of other factors ( too many to name) such as the recent...
With the recent announcements from FOMC members this week along with technicals, I can look for a short position entry soon. Let's start with the fundamentals. The Recent Non-Farm unemployment releases pointed towards a stronger economy for the United States, but that was a minor blip in the overall health of the currency. As a country, there are still plenty of...