The Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.
The US CPI beat expectations for the second consecutive month with the disinflationary trend reversing.
The US PPI beat expectations across the board by a big margin.
The US Jobless...
Here is my analysis for AUDUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
32,600 Jobs Added! Aussie Dollar Skyrockets!
The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double.
This development propelled the Aussie currency up by over...
We have a 5 Wave upward Impulse complete which is followed by a Correction which is a Flat. Hence this 5 Wave upward Impulse becomes a Wave 1 and the Flat structure becomes a Wave 2, both are complete and hence now we have The Wave 3 in the Long Term hence overall the Trend is Upward.
This Trade is for the Long Term Investors
Over a Decade and above we...
Prices have been back from 0.65600 levels twice and the triangle formed is holding a strong support line. Today, prices have fallen in the Asian sessions but recovered some upward strength.
Also, 0.64322 have Bollinger bands support and trend line support.
From here, prices may test 0.65600 and above levels again as RSI is pointing to an upward movement, and if...
We are getting a bullish movement in audusd. On the daily chart, we can see the trendline is supporting. So, it's pointing that the trend channel must be followed.
So, from this view, we can take a long position, with stop at - 0.63500 and take profit at 0.6700
A good risk-reward ratio we getting here.
BEST FOR SWING TRADE!!!!!
Thumbs up :)
HERE IS A GOOD BUYING OPPORTUNITY EMERGING AGAIN IN AUDUSD PAIR. IT'S BULLISH GUYS, WE CAN TAKE A LONG FROM HERE TO TARGET OF 0.65300
ANOTHER BULL RALLY WILL BE HAPPENING SOON. :)
AUDUSD has rebounded from the falling wedge pattern in which it has been moving from past one year. The bounce was supported by the positive divergence between the price and RSI indicated by blue lines. The upwards thrust can bring the prices to 0.68676. The stop loss for the entire trade will be at 0.66582.
