Tag Archives: AUD

AUD/USD Rises As US-China Trade War Fears Recede

Fawad Razaqzada

The Australian dollar has been among the strongest of currencies out there today, helped along by a rally in base metal prices. The commodity currency rose in what started out to be a “risk on” day for the markets with global stock indices rising sharply after the US and China backed down from a full-on trade war at the weekend. With China being Australia’s largest trading partner, any positive development for the world’s second largest economy is thus positive for Australia’s export. However, the Italian stock and bond market sell-off held back risk sensitive assets a little, although it wasn’t enough to stop the UK’s FTSE 100 from hitting new all-time highs today. But in the US, the stock markets couldn’t sustain the early rally although the indices were still in the positive territory at the time of writing. Meanwhile the US dollar gave back its earlier gains as the slight risk-off tone in the second half of today’s session supported the likes of the euro, Swiss franc and Japanese yen. Even gold managed to catch a small bid more…

Video Analysis: AUDJPY, NIKKEI, OIL, USDCAD

Grega Horvat

USDCAD was trading bearish through May 2017 and through September. We can see that a five-wave impulse had unfolded on the daily time frame and later found a low at the 1.2058 level. From there a new bullish movement followed, which we labeled it as wave A, first wave of a three-wave recovery which means more gains is expected to occur after current wave B is finished, which can look for a base around 1.2600 and also complete a bullish H&S pattern. more…

EURAUD Could See More Upside

Daud Bhatti

EURAUD Short Term Elliott Wave view suggests the decline to 1.5057 ended Intermediate wave (X). Up from there, the rally unfolded in 5 waves impulse Elliott Wave structure, suggesting that while pullbacks stay above 1.5057 low, pair could see more upside. Up from 1.5057, Minute wave ((i)) ended at 1.5234, Minute wave ((ii)) ended at 1.5075, Minute wave ((iii)) ended at 1.5606, Minute wave ((iv)) ended at 1.5481, and Minute wave ((v)) ended at 1.5657. more…

AUD/JPY Bearish Zig Zag Pattern Aiming For 85.35 If 86.25 Holds

Nenad Kerkez

The AUD/JPY could reject from the POC zone 85.90-95 (50.0, W L5, EMA89, D H3) and as long as 85.18-25 holds we might see a drop towards 85.50 and 85.35. Only if we see a 4h or 1h momentum close below 85.35 the pair might target 85.05 and 84.56. Have in mind that the AUD/JPY is a bi slow moving pair so it might take some time to get to its final target. At this point the focus is on the POC zone more…

AUDUSD Looking For More Weakness

Grega Horvat

Around early of September of 2017, AUDUSD completed a higher degree complex correction within wave IV. This correction ended with a five-wave drop towards the 0.7650 level, which can in months ahead result as a bigger bearish cycle. Well, this fall gives us an idea of a change in trend from bullish to bearish and can be labeled as red wave 1), that can find potential support near the 0.7562 level and from there breach higher into corrective wave 2). more…

AUD/JPY Drops On Worse Than Expected CPI

Nenad Kerkez

The Australian CPI rose 1.8 percent for the year which was lower than 2 percent expectation. The data hurt the AUD and it made a direct drop to W L4 with an extension to 87.78. At this point shorting on rallies is the option. Short term scalps could come around 88.08 while positional short trades could come at the POC zone 88.25-40 (D L4/L5, W L3, Order block, EMA89, trend line,atr pivot, 50.0 Fib). more…