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Aussiedollar

AUDUSD Short on Fib Levels Trend Line Resistance Fib levels on the Aussie dollar have recently been interesting retracement levels with price action reversing at these price points. Technicals suggest a pullback, but could edge a bit higher before we see significant moves lower. Fundamentals also show downward movement BUT ONLY if Chinese growth continues to slow as the Aussie economy is probably the best exogenous proxy for Chinese growth. Vice versa, we can expect Chinese growth to pick up if data out of Australia is healthy. Overall though, my thesis is short, but is open to adjustment if the upward trend in data from China and Australia continues to show healthy growth.
Short
by WhiskeyTangoFoxtrot3
AUD/NZD to move up in AprilAfter ECB & FED turn dovish mentioning global slowdown, RBNZ had no option except signalling next move to be rate cut. RBA have already been pretty dovish helping AUD/NZD to touch monthly lows in JAN - MAR. AUD/NZD finally been able to close above daily 20sma, also forms good bullish candle on monthly chart. AUD/NZD seems ready to rally in coming days/weeks. Risk remain RBA meeting on Tuesday if they announce rate cut coming sooner than later, but that will ultimately provide better rate to buy AUD/NZD. Support remain psychological area of 1.04 & 20sma near 1.360. Target to focus are 1.0490 to 1.05(daily cloud & daily 100sma) followed by 1.06 & 1.0650 .
Long
by Bitbloxx
Sell AUDUSD Because Chinese Growth Slowdown Isnt OverThere are plenty of technical reasons to avoid AUDUSD. Nearly all exponential moving averages, which more heavily weigh the more recent days than the ones further away, point towards a continuation in the downward trend. The bull bear power index also indicates that AUDUSD long is an overcrowded trade. Indeed, data from DailyFX backs up this claim with its data from its parent company IG which can be found here: www.dailyfx.com But the thematic background is truly what will mainly driving this paid in conjunction with the likely poor data releases this weak. But the weakness in AUDUSD doesn't stem from inherent weakness in the Australian economy as much as it does weakness in the Chinese economy. Perhaps one could read this as splitting hairs since the Aussie economy is so dependent upon the Chinese. Either way, China's growth slowdown which is likely to continue amid speculation of prolonged trade war and tariffs will continue to put downward pressure on this pair. Never forget, you can trade the trend until its no longer a trend. Right now, we're still knee deep in bear signals. If you like this analysis you can check out more of my work here www.anthonylaurence.wordpress.com
Short
by WhiskeyTangoFoxtrot3
For Trade War Pulse Proxy, Look to AUDUSDI wrote quite a bit about overall trade war sentiment here and in general I still do think that in spite of the influence officials may have on this pair it still may react negatively to trade war sentiment, but probably much more on potential capital flows if tariffs are put back into place. But the easier way to find a relationship between trade war sentiment and markets is the proxy of AUDUSD. This price movement is much more reflective of that sentiment, which is rhetorically breaking down, since Australia's economy is much more dependent upon China's economy than most countries or major currency pairs. For this pair, my forecast is with the trend in that it continues down in spite of Fed doveishness. Still trailing under the 200 day exponential moving average and RSI in addition to stochastic suggest we should sell. If you like this assessment and prefer a bit more analysis on financial matters, then please check out more of my content here www.anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3
AUD/USD Weekly Outlook and IdeasPretty sizable gap away from the base of a triple bottom (yellow rectangle)...how to interpret this?? Someone or something with deep pockets is eyeing the .707 area, perhaps a barrier option slightly below at the .706 demand level? Either way let's map out the possibilities... If this gap closes down, I think it could spell trouble for buyers who bought heavily @ .707..how many more touches can this level take before capitulation? Now the .706 level is not a significant level @ this point, its well within the ATR range of the yellow rectangle. Meaning if we do close the gap, the possibility this drops further increases. If the current gap level holds and we see upside, the .714 area is the one to watch for resistance. Any move above that, and we may have an uptrend. RBA rate decision on Monday is going to be the key driver for direction this week, so hold on!
by en1gm9t-c
AUD/USD Sniper entry, perfect analysisFacts: -ATR Shows market panic sells chain reaction causing 3x more volatility -200MA Still bullish -Showing nice wick rejection, which indicates strong buy power from here. -Overbought cloud breakout, which indicates a reversal -Parabolic SAR still bearish but due to what i mentioned above, it will turn Bullish again. What caused this huge spike? Aussie unemployment news! The news was not bad, rather neutral / good. My guess is that this huge drop is all bank manipulation. Stay safe
Long
by QW-Trading
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