Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

10 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Foreign Currency, Discussion
early birds
post Posted: Today, 09:58 AM
  Quote Post


Posts: 13,419
Thanks: 1556


AUD and NZD were hands down the strongest currencies, with both majors rising over 1%, whilst CHF and USD were the weakest. The New Zealand dollar dominated the leader board, taking top spot against JPY, CAD, USD, CHF, EUR and GBP. The US dollar index (DXY) fell to a one-month low and our initial target around the 91.30 lows remains intact. EUR/USD is just 20 pips below the 1.2000 barrier after closing to a one-month high.

The Australian dollar was mostly higher against its peers (barring NZD) and is in a firm position ahead of today’s employment data.

AUD/USD broke above 0.7677 resistance and the neckline to invalidate the head and shoulders top pattern although, as previously mentioned, it had already spent too long near the neckline to be construed as a breakout from a reversal pattern.


AUD/JPY rose to a six-day high during risk-on trade. It remains in a strong uptrend overall and has been supported by the 50-day eMA, and yesterday closed above its 20-day eMA and at the top trendline resistance of a potential triangle. The pattern projects a target just below 87.00.

Interestingly, its recent pullback respected the 50% Marabuzo line (50% of open to close on 26th March) by failing to close beneath it on several occasions. We suspect momentum has now realigned with its longer-term bullish trend.

A break above yesterday’s high confirms the breakout of the triangle.
The bias remains bullish above yesterday’s low. If a strong breakout is to be assumed then traders could use the 50% retracement of yesterday’s ranger to aid with risk management.
The initial target is the March high, follows by the triangle target just below 87.00.

==============

TA stuff. DYOR



 
early birds
post Posted: Yesterday, 09:34 AM
  Quote Post


Posts: 13,419
Thanks: 1556


Forex: DXY breaks below 92.0
The US dollar index (DXY) finally broke out of range to close firmly beneath 92.00 support. The break of its bullish trendline remains intact and next key support levels reside around 91.30/40. Still, the 50-day eMA is now acting as support whilst the 20-day caps as resistance, but momentum currently favours a bearish continuation whilst prices remains below 93.33.

============


 
early birds
post Posted: Apr 9 2021, 09:31 AM
  Quote Post


Posts: 13,419
Thanks: 1556


AUD/USD closed with a bullish inside day after failing to break the lows of Wednesday’s bearish outside day. So, the inverted head and shoulders pattern remains in play but a clear break above 0.7680 / neckline invalidates it, whilst direct losses from here beneath 0.7600 keeps the pattern alive.

=======================

only good for short term trading imho!! DYOR as always



 
early birds
post Posted: Apr 6 2021, 09:14 AM
  Quote Post


Posts: 13,419
Thanks: 1556


Worst day for the dollar in nearly two-months
It was the most bearish session in nearly two months for the US dollar index (DXY), as strong economic data saw the inverse correlation between equities and the dollar return. Since its low at the end of March there have been two clear waves of buying which has obviously coincided with USD majors coming under pressure. But if economic data remains firm and equities continue to soar higher, it could well weigh on the dollar broadly and send the US dollar index lower.

Yesterday’s bearish outside candle closed on its bullish trendline form the 25th of February low and just above 92.50 support. Whilst this pivotal level could provide a minor technical bounce over the near-term we fancy its chances of breaking support and heading towards the 91.30/40 lows.

A break below 92.50 invalidates the bullish trendline and brings the 91.30 low into focus.
91.7 could be an interim target as this is where the 100 and 50-day eMA’s reside.
The bias remains for a break of the trendline whilst prices remain beneath the bearish outside candle’s high. So, this does allow for a minor rebound from current levels first.

=====================

most of it , is TA stuff . DYOR .



 
early birds
post Posted: Mar 31 2021, 08:50 AM
  Quote Post


Posts: 13,419
Thanks: 1556


In Reply To: early birds's post @ Mar 31 2021, 08:47 AM

AUD/USD closes in on key support
Prices have held above 0.7557 support since December. Since then, prices have rallied to 80c (for all of five minutes) and created a lower high and a lower low. Whilst not ‘textbook perfect’ the daily chart is grinding out a bearish reversal pattern similar to a head and shoulders top pattern and its measured move from the 80c top to the neckline around 0.7557 projects a target just above 71c.

Whilst this target may be on the ambitious side for some, a clear break of 0.7557 would bring the 0.7462 low into focus, and/or technical levels around 0.7400 where the 200-day eMA resides.

As yesterday closed with a bearish outside day which was capped by the 10-day eMA, we suspect a retest of neckline support is on the cards.

A break below 0.7557 could confirm a longer-term head and shoulders reversal pattern, with a target around 0.7100.
Over the near-term, bears could target the lows around 0.7400 and 0.7462.
The bias remains bearish beneath yesterday’s bearish outside day high at 0.7664.

==============

it is all based on TA , good for short term trading imho!!

 
early birds
post Posted: Mar 31 2021, 08:47 AM
  Quote Post


Posts: 13,419
Thanks: 1556


The US dollar index (DXY) rose 0.4% to its highest level since early November, closing the session above the 11th of November high in another show of bullish defiance. In turn this saw USD/CHF tap an 8-month high after finding support above the June 2020 lows and USD/JPY hit a fresh 1-year high.

AUD/JPY closed the day with a bearish pinbar to warn of weakness at its six-day high. A break beneath yesterday’s low brings a bearish bias for the session although potential support at 83.30 remains due to the Marabuzo line previously mentioned.
AUD/NZD fell to a 5-day low after printing a series of upper wicks (selling tails) around 1.0936 resistance. A potential target for counter-trend traders is the 1.0850 handle, just above the February high.

============================

USD still in the range bound , now it hit top end.. ohmy.gif



 


early birds
post Posted: Mar 30 2021, 08:37 AM
  Quote Post


Posts: 13,419
Thanks: 1556


Forex: Dollar remains firm
The US dollar caught a bid overnight as investors weighed up the knock-on effect from Archegos Capital’s margin call. The US dollar index produced a bullish engulfing candle and remains above its 200-day eMA.

Conversely, EUR/USD is probing Thursday’s low and continues to look weak beneath its 200-day eMA and 1.1800 handle, with next major support sitting around the 1.1744 low.
AUD/USD is holding above its 100-day eMA and touched a 3-day high overnight yet is another market which produced an indecision candle. With no domestic news scheduled today it could be another quiet session.
AUD/JPY is holding above its Marabuzo line (outlined in yesterday’s Asian open report). If prices continue to hold above 83.30 then the bias remains bullish over the near-term.
AUD/NZD is struggling to break above 1.0936 resistance (September high), having now produced three upper wicks, two of which are bearish pinbars. We currently favour its chances of a retracement from its highs although 1.0843 is a likely support level to keep in mind.

=======================

just some TA analysis for short term move. DYOR as always



 
early birds
post Posted: Mar 25 2021, 03:05 PM
  Quote Post


Posts: 13,419
Thanks: 1556


In Reply To: cooderman's post @ Mar 25 2021, 01:03 PM

i think it will starts from 27th March. got those email from all sorts CFD's , some says 27th, some says 29th.???? unsure.gif

anyway, a lot position closing to meet margins i guess. but seems pro traders can be spared ?? unsure.gif

it all come from ASIC



 
cooderman
post Posted: Mar 25 2021, 01:23 PM
  Quote Post


Posts: 1,397
Thanks: 500


In Reply To: cooderman's post @ Mar 25 2021, 01:03 PM

Well that's a jumbled mess. Tried to edit but gave up.
Anyone trading with leverage would have been aware by now.




 
cooderman
post Posted: Mar 25 2021, 01:03 PM
  Quote Post


Posts: 1,397
Thanks: 500


MARKETS. Current maximum New maximum
Leverage. Leverage.


Major Forex 1:500 1:30

Minor Forex 1:500 1:20

Major Indices 1:200 1:20

Gold 1:500 1:20

Commodities 1:100 1:10

Shares 1:20 1:5

Cryptos 1:5 1:2




New Leverage levels from 29th March for Australia, Unless running a Pro Account, easy to open with most Brokers,I would recommend closing all trades by Friday 26th as Margin will increase and if your Account is not adequately FUNDED,
open positions may be closed.
Typically, required margin on 1 Lot AUDUSD will go to AUD $3,333

 
 


10 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING