Posts Tagged ‘AUD/USD’

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USD/JPY and AUD/USD Forecast — May 26th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 26th session. USD/JPY — As you can see, we rallied a bit during the day with 112.00 offering resistance. If we can break above 112.50, then the market can go higher. Ultimately, I think if we can break down below the 110.00 level, then we fill the gap and go to 109.00. This is […]

USD/JPY and AUD/USD Forecast — May 24th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 24th session. USD/JPY — The USD/JPY pair initially fell during the day on Tuesday and then rallied enough to form a very positive looking candle. It looks like we are going to continue to go higher, maybe the 112.50 or so. The 112.00 will be resistive, but it looks as if we are trying to catch up to the stock […]

USD/JPY and AUD/USD Forecast — May 16th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 16th session. USD/JPY — As you can see, we bounced a little bit during the day on Monday, as 113.50 has offered a little bit of support. We do have a lot of noise between here and 115.00. But recently the 61.8% Fibonacci retracement level has offered support. So, I think we are going to try to go to 115.00 […]

USD/JPY and AUD/USD Forecast — May 12th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 12th session. USD/JPY — As you can see, we have exploded to the upside over the last several weeks. But on Thursday we had a pullback and it showed signs of a risk-off trade. But just like on Wednesday, the buyers stepped in at about 113.50. But I think that the market will eventually reach towards the 115.00 handle which was […]

AUD/USD: Downward Acceleration — Forecast — May 9th 2017

In this video, the Trading Central looks at the currency pair AUD/USD for the May 9th session. AUD/USD — Looking at the intraday 30-min chart, the AUD/USD pair has failed to produce a sustainable uptrend. Meanwhile, it has broken below a rising wedge, while being capped by the key 0.7400 level. Currently it has broken below the lower Bollinger Band while the bands are widening calling for further downward acceleration. Now on the downside, […]

USD/JPY and AUD/USD Forecast — May 5th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 5th session. USD/JPY — As you can see, we tried to rally during the day, but Thursday of course, right before the Non-Farm Payroll announcement, is going to be difficult and tough to hang on to. So, really when I look at this, I see this as a market that has been consolidating in the past between 112.00 and 115.00. And I think a pullback […]

Safe Haven Assets Up by Weekend

Being the worst performer on Forex this week, the Australian dollar was extending losses against the US dollar in the Asian trade. In the early trade, the AUD/USD pair slumped by 0.6% to a 4-month low of about 0.7380. Later, this pair corrected upwards to 0.7389. Analysts expect the Aussie to decline for long as Australia's economy depends greatly on the economic health of its major trade partner. Experts foresee a slowdown in China's economy citing recent downbeat […]

USD/JPY and NZD/USD Forecast — May 4th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the May 4th session. USD/JP — As you can see, we broke out to the upside during the day clearing the 112.00 level and more importantly broke above the top of the shooting star from the previous session. So, I think that the market continues to go higher, perhaps reaching towards the top of the previous consolidation at 115.00. That does not mean it […]

USD/JPY and AUD/USD Forecast — May 3rd 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 3rd session. USD/JPY — As you can see, we initially rallied on Tuesday, but it looks likely that we ran into trouble here at the 112.00 level, and we have formed a shooting star. This is a very interesting place to see it, because quite frankly, this is the bottom of the previous consolidation area. I think […]

USD/JPY and AUD/USD Forecast — May 2nd 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 2nd session. USD/JPY — As you can see, we did rally a bit during the day on Monday, but the 112.00 level is the beginning of significant resistance to 112.50 level. So, if we can break above there, the market then could go to the 115.00 handle. An exhaustive candle here could be a selling opportunity. Pay attention […]

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