Only charts

The pair has bottomed last week at the area of 0.6660$ and bounced till 0.6810$ area. The pair retraced to test the 23.6% fibonnaci level. Also on the 15min chart , we find it supported by the 200 Moving averages. RSI is trading at 45 level on the 1h chart. I prefer going long at current area of 0.6780$ with target 0.6840$ and stop loss on break below 0.6730$ .this area is the last defense before turning bearish in the short term again. There might also be a chance of very good support at 61.8% fibonnaci level and horizontal support as well at 0.6750$ area. Pick up any of these two entries , with your target at 0.6840$ and stoploss on 1h candle close below 0.6730$ .

Here is the currencies forecast for 2019 from nordea bank :

Here is an early look for currencies prices before the asian monday session. Aud gapping down affected by chinese news from the weekend.

What was the news for such a rally? Crude oil opened on a gap from 50.50$ to 52.50$ then rallied another 100 pips to trade currently at 53.5$ area. The pair faces some resistance here? Any gap should be closed. Will the rally continue to 56.8$ ? What is the correlation between audusd and wti? Follow me to find answers for these questions and more throughout the day on my twitter account : @b4borio

Eurusd will open on a gap at 1.1360$ , closed on friday at 1.1318$ Audusd will open at 0.7375$ , gbpusd at 1.2778$ All up against dollar on the weekend news between trade war cease between united states and china.

Big news from china this holiday will definitely be weighting on markets this monday. #China’s official manufacturing #PMI fell to 50.8 in Sep, vs expected 51.2, previous 51.3. The caixin manufacturing PMI, more closely tracking small private manufacturers, fell to 50, new low in 16 months, vs expected 50.5, previous 50.6 #BREAKING: #PBOC cut #RRR for banks by 1%, effective from 15 Oct. It will release about 1.2tn yuan liquidity, including 450bn yuan to be used to repay MLF coming due on 15 Oct. AUD/USD might gap down on this news.

Aussie (AUD/USD) is not able to close above .7620$ despite its upside attempts. On Tuesday , the pair has initiated a reversal , a bearish one and will probably continue sliding during the coming sessions with busy economic schedule and releases coming on Thursday and Friday. Technically speaking , the pair is still capped by 0.77$ mark creating triple top , and still supported around 0.73$ , I am Favoring a decline to break the 0.73$ mark , maybe the united stated GDP figure release will be the catalyst for this move. Our First support will be 0.7485$ area followed by 0.7420$ area . It is advised going short at current level with stop loss executed on daily close above 0.7620$ area. On the hourly chart, The pair is showing weakness , and nearing oversold levels at 30 mark. Follow me on twitter @b4borio for updates on this trade and more trading ideas. Feel free to contact me anytime.

Both aussie and kiwi are not my favorites for trading. Although they seem easy to analyze , however both need patience and easy nerve. Both have rallied since the beginning of june , NZD/USD stalling at current level and possible reversal this week. I am short at current level 0.7220$ and my stop loss will be any daily close above 0.7220$... I am also short on aussie for a reversal from 0.7560$ area, both trades are initiated by dollar reversal and commodities reversalnas well. Dollar is turning bullish and uk election results will drive the majors to new low in june... Going long on cable will be at 1.2540-80$ area targeting 1.2730$

Aussie has been sliding recently according to the concerns coming from china plus oil (WTI) slide from 54$ to 44$ . on the other hand , there was correction for USDCAD breaking a long term range and now struggling to make any further gains above 1.38 mark. Anyway , From technical analysis , The pair is making higher lows on the RSI on the 4h chart while the price is making lowers lows , which is a sign for possible correction on the horizon. Scaling to the 1h chart , you can see the pair is possibly trending. See chart below , make sure to go long /buy aud/usd when the price hits the trend-line and take profit at 0.7410 or when the RSI hits the 70 mark (overbought) level.

The pair has been trying to hold above 0.77$ many times but keeps failing except for only one which was reversed totally after unemployment report was released . Technical analysis for the pair ; it is still supported by the trendline coming from multi year low at 0.68$ passing by 0.7150$ and 0.74$ . A break below the trendline probably sitting now at 0.7560$ will accelerate its slide towards 0.73$ area. So we might enter short position at current market level 0.7610$ as the pair is facing resistance on 1h chart with 200 moving average lying at 0.7620$ area. Stop loss will be on hourly close above 0.7645$... Follow me twitter for updates on this trade and other trading ideas... my twitter handle is : @boriology

Aussie has been playing the role of the tough guy for a while now , ignoring RBA rate cut and advancing more than 150 pips then . AUD/USD also ignored the surprising and better than expected non farm payroll "NFP" report , US economy added 255k jobs VS 180k expected. The US dollar rose against all majors including the australlian dollar , however audusd erased all losses and back to square one before the RBA and NFP. The pair is facing tough resistance at the area of 0.7675 area , where it fell many times from that area , if conquered , we might see 0.7720 which is last defence line against recent highs at 0.7840 area. The pair is not supposed to go there and even if , it will be very good area to short the pair at targeting 0.73$ area as first support , if broken , we will see prices not seen in almost a year , and the pair will be trading between 0.6980 to 0.7180 before resuming its fall. I prefer that scenario and I am on the short side Feel free to join me on t...