Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TL Staff

AUDUSD Discussions

By TL Staff, in Forex

Recommended Posts

stefcio2002    10

stefcio2002
Posted
Now that AUD/USD has fallen below 80 cents and below the 61.8% Fibonacci retracement of the 2008 to 2012 rally, the next stop for the currency pair should be the 2007 swing low of 0.7675. As long as AUD/USD remains below 0.8050, the downtrend remains intact.

 

Yes, on the long term. But on the monthly you see it is retesting SMa200, we are nearly at the end of the month, and that candle looks more and more as a hammer.

 

Then on the H4 we just broke a range resistance, even though the pair failed to cross the SMA200. SO yes I remain bearish long term, but I think we may first do a little consolidation (to ,8 ? to the 61,8 fib?)

AU_M.thumb.png.976658fea7a64fd5561b016c0515bbde.png

AUDUSD.thumb.png.1dbd93596e2e13e92491e83a579a827d.png

Share this post

Link to post
Share on other sites

Ammeo    10

Ammeo
Posted

Economists warn on Reserve Bank of Australia rate cut expectations

 

Barclays chief economist Kieran Davies brought forward his rate cut forecast from May to April, citing the Australian dollar's failure to fall as dramatically as the iron ore price.

 

While RBA governor Glenn Stevens has previously put fair value for the Aussie dollar at around 75 US cents, it was probably even lower now that iron ore prices had deteriorated further, he said.

 

"With commodities slumping again and the currency only partly reflecting that, you've got a gap opening up again between the currency and the terms of trade and I think that's been a persistent source of frustration for the RBA," Mr Davies said.

 

- See more at: RBA rate cut on the way, experts say

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Go To Topic Listing

  • Similar Content

    • Jonh Smith
      FXflightproEA?
      By Jonh Smith
      I searched in google with keywords best forex robot 2019 and in the end I found fxflightproEA from their website fxflightpro.com . if anyone has ever bought, I was interested in their ea. I saw a very small drawdown, and monthly profit looks great.and I see myfxbook profit reaching 50% in 50 days. if there are buy please review here and I say thank you if anyone would like to share here.

      thanks
    • Dalya
      Renko Full Throttle PRO Indicator MT4
      By Dalya
    • StraussX
      Followme-Daily Forex Analysis
      By StraussX
      Hi GUYS, Happy Wednesday!
      I'd like to share daily forex analysis from Followme, hope this information helps your trading.
      Today, Let's focus on AUD and NZD.
      AUDUSD is trading at 0.6761; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6765 and then resume moving downwards to reach 0.6635. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6825. In this case, the pair may continue growing towards 0.6905.
       
      NZDUSD is trading at 0.6447; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6455 and then resume moving downwards to reach 0.6315. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6525. In this case, the pair may continue growing towards 0.6645.
    • Georgebro8
      Im new and need some advice to get me started.
      By Georgebro8
      So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. 
      any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.
    • edakad
      FireBird - VertexFX VTL Indicator
      By edakad
      Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
      When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.

      FireBird.zip

  • Topics

  • Posts

    • HFblogNews
      HFMarkets (hfm.com): Market analysis services.

      By HFblogNews · Posted

      Date: 4th December 2023. Market Recap: Cryptos Rise; Oil & Gold Down; Stocks Steady. The holidays got a little cheerier amid signs that the major central banks have come to the end of their aggressive tightening postures. Despite protestations from policymakers to the contrary, the markets are now building in the start of rate cuts in 1H 2024. Those hopes underpinned one of the best November’s on record for bonds and stocks, and helped boost gold to a new record high! Economic Indicators & Central Banks:   The market sentiment remains uncertain, as Chair Powell did not offer much pushback to expectations that rate cuts are the next move on the agenda or that there was a massive easing in financial conditions in November. The US November payrolls report on Friday is crucial for market expectations of rate cuts. Analysts anticipate a soft landing for the US economy, with positive but below-potential growth in the next six quarters. BofA notes a positive outlook for emerging markets, which are experiencing historically positive returns after the last Fed hike. Market Trends:   Fed Chair Powell reminded investors the bank is not in a hurry to cut rates and yields are off Friday’s lows. Treasuries and Gold declined from session highs. Yields rose across various tenors in Treasuries, with the 10-year trading around 4.23%. Asian shares showed mixed results, with gains in Australian and Korean stocks, while Japanese equities fell. JPN225 closed down 0.6% at 33,231.27 after earlier sliding as much as 1.22%. European and US stock futures remained stable. Financial Markets Performance:   The USDIndex nudged higher with Treasury yields and is at 103.43. EURUSD broke below 1.09, indicating a possible reversal of the 2-month rally, however 1.0820-1.0865 remains the key support area. USDJPY dipped to 146.22, reaching a nearly 3-month high against the US Dollar. Currently though, it has reverted some gains, as speculation about an eventual unwinding of the Bank of Japan’s policies added pressure on the Yen. Gold down from all-time highs above $2,100, benefiting from lower yields. Oil prices faced challenges due to doubts about OPEC+ maintaining output cuts, high US production, and increasing rig counts. UKOIL eased to $78.37 a barrel, while USOIL fell to $73.63. Geopolitical tensions in the Middle East added to market considerations. Bitcoin surpassed $41,000, reaching its highest level since April 2022. Bitcoin’s rebound continued, reaching $41,746, with expectations of interest-rate cuts and potential ETF approvals. Smaller tokens like Ether and Dogecoin also experienced gains. Key Mover: EURJPY down by 1.92%. Next Support levels: 159 and 158.50. This week:   Investors are closely watching economic indicators, including Australian growth, Chinese inflation, and US non-farm payrolls data. The Reserve Bank of Australia is expected to maintain a hawkish stance. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      $CERE Cerevel Therapeutics stock breakout watch , see https://stockconsultant.com/?CERE
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      $NVEI Nuvei stock upside gap breakout watch , see https://stockconsultant.com/?NVEI
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      $SRPT Sarepta Therapeutics upside gap breakout watch above 86.15 , see https://stockconsultant.com/?SRPT
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      $AOS AO Smith stock strong day, top of range breakout watch , see https://stockconsultant.com/?AOS
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept