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Daily AUDUSD Analysis

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  • Daily AUDUSD Analysis

    AUD/USD Daily analytics
    06:35 15.12.2017
    Technical levels: support – 0.7630; resistance – 0.7680


    Trade recommendations:


    Sell — 0.7680; SL — 0.7700; TP1 — 0.7630; TP2 — 0.7590.
    Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680.


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  • #2
    AUD/USD: on the eve of the publication of the minutes from the RBA meeting
    18/12/2017
    Current dynamics

    After the RBA kept the interest rate at the current level of 1.5% at the beginning of the month, the Australian dollar strengthened its decline. In the accompanying statement of the RBA it was stated that "interest rates correspond to the goals in relation to GDP, inflation. Low rates support the Australian economy, and a higher rate of the Australian dollar will slow the economic recovery".
    RBA Governor Philip Lowe reiterated that, in the opinion of the board, "it is advisable to leave monetary policy unchanged at this meeting in order to maintain a stable growth of the economy and achieve a target inflation rate over time". The AUD / USD reached its June lows near the 0.7500 mark.
    Nevertheless, the AUD / USD subsequently increased, and the past week was one of the best in terms of growth since July, mainly due to the weakening of the US dollar.
    The Australian dollar also received support from positive data from the Australian labor market, published on Thursday. According to the data, the unemployment rate in Australia in November was 5.4%, while the number of jobs increased by 61600 after rising by 7800 in October (the forecast was +18000 new jobs).
    Tomorrow (00:30 GMT) the minutes of the December meeting of the Reserve Bank of Australia will be published. The minutes are published two weeks after the decision on the interest rate. It will present a report on the current state of the Australian economy with details of the decision on the rates. If the RBA shows a "hawkish" attitude toward the inflation forecast in the economy, the markets view this as a higher probability of a rate hike, which is a positive factor for the AUD. The soft tone of the protocol and the propensity to continue carrying out a soft monetary policy will help to weaken the Australian currency.
    At the same time, the Fed implemented a third increase in short-term interest rates in December and signaled that next year it will follow a similar course and intends to implement three rate increases of 0.25% each time.
    Thus, a different focus of monetary policy in Australia and the US will further reduce AUD / USD in the medium term.
    *)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

    Support levels: 0.7640, 0.7630, 0.7600, 0.7545, 0.7500, 0.7460
    Resistance levels: 0.7655, 0.7670, 0.7690, 0.7705, 0.7740, 0.7800, 0.7850, 0.7885, 0.7950

    Trading Scenarios

    Sell in the market. Stop-Loss 0.7675. Take-Profit 0.7630, 0.7600, 0.7545, 0.7500, 0.7460
    Buy Stop 0.7675. Stop-Loss 0.7620. Take-Profit 0.7690, 0.7705, 0.7740, 0.7800, 0.7850, 0.7885, 0.7950


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    • #3
      AUD/USD Daily Analytics
      07:31 26.12.2017
      Recommendation:

      BUY 0.7650

      SL 0.7595

      TP1 0.7750 TP2 0.7810

      On the daily chart, AUD/USD reached an interim high at 88.6% of the junior “Shark” pattern. There may be a pullback to the lower border of the uptrend channel. On the other hand, an advance of resistance at 0.7735-0.7750 will increase the odds of continuation towards 0.7765 (113% target of the junior “Shark” pattern) and 0.7810 (50% of the wave CD of the senior “Shark” pattern).



      On H1, AUD/USD formed a “Widening wedge”. Pullbacks to supports at 0.7680 and 0.7650 may be used for buying.

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      • #4
        AUD/USD Daily Analytics
        08:11 27.12.2017
        Technical levels: support – 0.7680; resistance – 0.7760

        Trade recommendations:

        Sell — 0.7760; SL — 0.7780; TP1 — 0.7680; TP2 — 0.7630.
        Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are entered into the cloudy zone, but there is a strong main resistance on 0.7760.

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        • #5
          AUD/USD Daily Analytics
          06:35 08.01.2018
          Recommendation:

          SELL 0.7810 SL 0.7865 TP1 0.7735 TP2 0.768

          BUY 0.7900 SL 0.7845 TP1 0.7990 TP2 0.8050 TP3 0.8120

          On the daily chart, AUD/USD bulls want to resume the uptrend. To do it, they need to conquer resistance at 0.7885-0.7895. On the other hand, the inability of buyers to push the pair above support at 0.7810 will increase the odds of triggering 5-0 pattern.



          On H1, bulls took the initiative after AUD/USD formed a “Widening wedge”. At the same time, a decline below 0.7812 will create grounds for correction.

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          • #6
            AUD/USD Daily Analytics
            07:24 09.01.2018
            Technical levels: support – 0.7830; resistance – 0.7880

            Trade recommendations:

            Sell — 0.7880; SL — 0.7900; TP1 — 0.7830; TP2 — 0.7780.
            Reason: bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880.

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            Comment


            • #7
              AUD/USD Daily Analytics
              07:30 11.01.2018
              Technical levels: support – 0.7840; resistance – 0.7900

              Trade recommendations:

              Buy — 0.7840/50; SL — 0.7820; TP1 — 0.7900.
              Sell — 0.7900; SL — 0.7920; TP1 — 0.7800; TP2 — 0.7760.
              Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and rising Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen and horizontal lines; the market is under strong resistance of 0.7900.

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              • #8
                AUD/USD Daily Analytics
                08:13 17.01.2018
                Technical levels: support – 0.7870; resistance – 0.8000

                Trade recommendations:

                Sell — 0.7940; SL — 0.7960; TP1 — 0.7870; TP2 — 0.7840.
                Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and under the strong resistance of 0.8000.

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                • #9
                  AUD/USD Daily Analytics
                  08:14 19.01.2018

                  Technical levels: support – 0.7980; resistance – 0.8030

                  Trade recommendations:

                  Sell — 0.8030; SL — 0.8050; TP1 — 0.7980; TP2 — 0.7940.
                  Reason: bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; a market is overbought and under the strong resistance of 0.8030.

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                  Comment


                  • #10
                    AUD/USD Daily Analytics
                    07:51 22.01.2018

                    Recommendation:

                    BUY 0.7895

                    SL 0.7840

                    TP1 0.7990 TP2 0.8050 TP3 0.8125

                    On the daily chart, AUD/USD is fighting for an important level – 78.6% of the wave CD of the 5-0 pattern. The necessary condition for an uptrend’s resumption is a confident advance above resistance at 0.8050. As long as the pair keeps trading above 0.7885-0.7895, bulls remain in control.



                    On H1, there’s a “Spike and reversal with acceleration” pattern. The pullback from the lower border of the uptrend’s channel and supports at 0.7895 and 0.7870 will allow speaking about the end of correction.
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                    • #11
                      AUD/USD: AUSSIE IN CORRECTION TO CLOUD
                      07:50 23.01.2018
                      Technical levels: support – 0.7950; resistance – 0.8030

                      Trade recommendations:

                      Buy — 0.7950; SL — 0.7930; TP1 — 0.8030; TP2 — 0.8080.
                      Reason: bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; the prices are in correction to the Cloud.

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                      • #12
                        AUD/USD Daily Analytics
                        06:35 01.02.2018

                        Technical levels: support – 0.7970; resistance – 0.8080

                        Trade recommendations:

                        Buy — 0.7980; SL — 0.7960; TP1 — 0.8040; TP2 — 0.8080.
                        Reason: bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; a market in correctional movement and entered into the cloudy area.

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                        Comment


                        • #13
                          AUD/USD Daily Analytics
                          07:00 14.02.2018
                          Technical levels: support – 0.7750, 0.7815; resistance – 0.7880

                          Trade recommendations:

                          Sell — 0.7870/80; SL — 0.7900; TP1 — 0.7815; TP2 — 0.7750.
                          Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the market returned to bottom border of the Cloud.

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                          Comment


                          • #14
                            AUD/USD Daily analytics
                            06:36 20.02.2018
                            Technical levels: support – 0.7880; resistance – 0.7980

                            Trade recommendations:

                            Sell — 0.7900; SL — 0.7920; TP1 — 0.7820; TP2 — 0.7770.
                            Buy — 0.7920; SL — 0.7900; TP1 — 0.7980; TP2 — 0.8020.
                            Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel Tenkan-Kijun; the prices keeps staying inside a Cloud and the channel Tenkan-Kijun.

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                            Comment


                            • #15
                              AUD/USD Daily Analytics
                              07:08 22.02.2018
                              Technical levels: support – 0.7770; resistance – 0.7820

                              Trade recommendations:

                              Sell — 0.7820; SL — 0.7840; TP1 — 0.7770; TP2 — 0.7730.
                              Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the Bulls are breaking down the Cloud’s support and going to 2-week lows.

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