(BS?) report that China is going to consider yuan devaluation as a weapon in a potential trade war sent the dollar higher against commodity currencies. AUD/USD spent the entire last week in a tight (75 pip) range. At the moment, a break to the downside appears more likely. 0.76 - 0.7625 is the initial support.
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Yen the most wanted currency this week
U.S. dollar ended the week lower against European currencies and yen, and higher against the commodity bloc. If we look at these currencies from the yield perspective, it was actually a typical risk-off week, albeit with reduced volatility.
AUD/CAD for September 1
Chart/Scale: Daily, Weekly, Monthly
Indicator used: BB, CCI, Adx, Ema 200
Pair Analysis:
There is a choopy upward trend, however the last significant High could not be take out. The pair now fell to the under Bollinger Band on the Weekly, on the monthly it touched the middle Bollinger Band which act usually as resistence in a uptrend. I expect the Pair to try to recover from here. Atr monthly suggest sideways movement during the summer Month. AT Weekly slightly increase propose the pair to rever…
Indicator used: BB, CCI, Adx, Ema 200
Pair Analysis:
There is a choopy upward trend, however the last significant High could not be take out. The pair now fell to the under Bollinger Band on the Weekly, on the monthly it touched the middle Bollinger Band which act usually as resistence in a uptrend. I expect the Pair to try to recover from here. Atr monthly suggest sideways movement during the summer Month. AT Weekly slightly increase propose the pair to rever…
AUD/USD
Chart/Scale: Daily, Weekly, Monthly
Indicator used: BB, CCI, ADX, EMA 200, ATR 14
Support Area: 0.77718, 0.74195, 0.5853
Resistence Area: 0.80620, 0.81863, 0.85487, 0.86588
ATR Weekly : 139
ATR Monthly: 332
Pair Analysis:
Monthly Chart:
Weekly Chart:
Indicator used: BB, CCI, ADX, EMA 200, ATR 14
Support Area: 0.77718, 0.74195, 0.5853
Resistence Area: 0.80620, 0.81863, 0.85487, 0.86588
ATR Weekly : 139
ATR Monthly: 332
Pair Analysis:
Monthly Chart:
Weekly Chart:
AUD/NZD / 1 August
Chart/Scale: Weekly, Monthly Chart
Indicator used: Bollinger Band, CCI, ADX, EMA 200, ATR (14)
Support Area: 1.01
Resistence Area: 1.03, 1.04, 1.05
Pair Analysis: Monthly trend of the Pair is down, however average True range is declining in this continuation pattern since the year 2013. The Question will be how the Price reacts on the multi year low close to Parity. If it breaks under the pattern and the volatility will start rising, we could see the continuation of the yearly downtrend. In the …
Indicator used: Bollinger Band, CCI, ADX, EMA 200, ATR (14)
Support Area: 1.01
Resistence Area: 1.03, 1.04, 1.05
Pair Analysis: Monthly trend of the Pair is down, however average True range is declining in this continuation pattern since the year 2013. The Question will be how the Price reacts on the multi year low close to Parity. If it breaks under the pattern and the volatility will start rising, we could see the continuation of the yearly downtrend. In the …
AUD/CHF / 1. August
Chart Scale: Monthly, Weekly
Indicator used: Bollinger Band, CCI, ADX, EMA 200
Support Area: 0.7140, 0.7230, 70,43
Resistence Area: 0.75608
Pair Analysis: In the weekly Chart Aud/CHf shows resitence at Bollinger Band middle line, it shows also resistence at Zeroline of the CCI indicator. ATR, Weekly and Monthly Range are falling which shows less volatility in the Pair. However ADX increase in the Weekly which may lead to some action in the coming weeks. Without chaning fundamentals, it will get …
Indicator used: Bollinger Band, CCI, ADX, EMA 200
Support Area: 0.7140, 0.7230, 70,43
Resistence Area: 0.75608
Pair Analysis: In the weekly Chart Aud/CHf shows resitence at Bollinger Band middle line, it shows also resistence at Zeroline of the CCI indicator. ATR, Weekly and Monthly Range are falling which shows less volatility in the Pair. However ADX increase in the Weekly which may lead to some action in the coming weeks. Without chaning fundamentals, it will get …
AUD/CAD
Chars/Scale: Monthly/Weekly Charts
Indicators used: CCI, Bollinger Bands, ATR
Technical Analysis: It is in corrective upward trend, CCI are diverging with Price, Pair losses momentum, there maybe some resticene on the middle of the Bollinger Band.
support: area: 99.66, 97,46
Resistence Aera: 1.00- 1.03
Weekly Range 160
Monthly Range 357
Monthyl Chart:
Weekly Chart:
Indicators used: CCI, Bollinger Bands, ATR
Technical Analysis: It is in corrective upward trend, CCI are diverging with Price, Pair losses momentum, there maybe some resticene on the middle of the Bollinger Band.
support: area: 99.66, 97,46
Resistence Aera: 1.00- 1.03
Weekly Range 160
Monthly Range 357
Monthyl Chart:
Weekly Chart:
AUD/CHF starts marching lower
Technical Indicator used: horizontal/vertical lines
Support/Resistence
EMA: 20 / 50 / 100 /200
ATR
Weekly trend down / daily trend down
The whole 0.7 area should hold as support
Fundamental: RBA is in cut interest rate cut cycle, but it could have on the bottom. SNB fights against strong Swissy.
Monthly Chart:
Weekly Chart:
Support/Resistence
EMA: 20 / 50 / 100 /200
ATR
Weekly trend down / daily trend down
The whole 0.7 area should hold as support
Fundamental: RBA is in cut interest rate cut cycle, but it could have on the bottom. SNB fights against strong Swissy.
Monthly Chart:
Weekly Chart:
AUD/CAD
Technical Indicator used:
horizontal/vertical Lines
support/resistence
Ema: 200/ 100/ 50/ 20
Monthly Chart:
Weekly Chart:
horizontal/vertical Lines
support/resistence
Ema: 200/ 100/ 50/ 20
Monthly Chart:
Weekly Chart:
Blog 9/5: Continue to sell commodity currencies- buy USDCAD
Hi Traders,
Although on small time-frame USDCAD shows prices adjust retracement. I think that could be chance to go buy on longer-timeframe. So I setup a buy limit order to join the market. I expect prices will go higher 1.38.
Thank and Best Regards,
Haynes6EU
Although on small time-frame USDCAD shows prices adjust retracement. I think that could be chance to go buy on longer-timeframe. So I setup a buy limit order to join the market. I expect prices will go higher 1.38.
Thank and Best Regards,
Haynes6EU