LATEST ARTICLES

Trading Outlook – AUD/USD

Posted On 06 Nov 2014
By :
Comment: 0

Click here to learn how to use my trade calls!

Originally Updated: 06:32am

Currency Pair: AUD/USD

Sentiment: Bearish

Market focus:

In today’s trade set up we will be focussing on short term selling opportunities on the AUD/USD.

Fundamentals:

The AUD sold off heavily after a shocking 11 percent decline in building approvals. On top of this we had poor data out of China with factory activity falling to a five month low.

In the US, the Fed having a more hawkish outlook over the US economy is on track to raise rates as early as next year giving us a good trading opportunity on the AUD/USD.

Technicals:

We have a nice confluence zone at 0.8755-0.8765. This should offer short term resistance for any pullback.

Stop loss could be placed at 0.8805

First take profit target: 0.8710

To get daily market insights from Jarratt Davis delivered to your inbox simply enter your name and email below:

The post Trading Outlook – AUD/USD appeared first on Jarratt Davis.

Source:: Trading Outlook – AUD/USD

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]

Leave a Reply

*

Follow Us on StockTwits

Like Us On Facebook

Jarratt Davis

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy