CONTRAWIZ

There are multiple currency pairs, indexes and stocks that we track on a regular basis. Fundamental analysis added to Technical analysis firms a trader's belief on likelihood of the direction an instrument's price will take. Based on how strong this belief is (add to it the gut feeling!), Trader can decide entry and exit levels, and thus place a Buy or Sell trade. While there is no suggestion to ignore the fundamentals (there are many these days that are impacting global mark

A (freelance) trade analyst / trader on Trading212, I publish trade ideas on regular basis on its social Trading app TradeBird. The coverage is mainly Asia, Europe and US stocks, related FOREX pairs and commodities like Gold, Silver and Oil. As an analyst, its important to start my week by understanding key economic events in coming week. DailyFX, has an economic calendar embedded to it, that I usually refer to. The calendar this week is full of high importance activities. We

As the US Dollar gains strength, most of the majors vs the Dollar lose value. Aussie Dollar is no different. The AUDUSD currency pair, range bound within 0.71 and 0.77 levels on the weekly chart since more than 50 weeks. Its currently displays a bearish trend as clearly indicated by two consecutive bear candles on the weekly. Most recent bullish price action can be found within the rectangular range. So essentially we are looking for AUDUSD to reach these areas for a buy sign

As widely expected RBA left its cash rate unchanged to 1.50% in its Board meeting earlier today. There were various factors considered in the review, most significant were: 1) Chinese and US economic growth and trade relations with Australia. 2) Australia being a commodity nation, investments in mining industry form a major driver. 3) GDP came lower than expected in earlier quarter but is expected to even out in December for waning mining investments. 4) Economic growth forec

Booming markets, balanced yet volatile currencies and commodities! Markets are already in 3rd month of 2017! Let's take a look at some High Importance events this coming week. Reserve Bank of Australia is due to present its March Interest Rate decision this Tuesday, which is expected to remain unchanged at 1.5%. Japan releases its GDP numbers on same day with fore-casted rise to 1.6% from current 1%. Both the Australian Dollar and Japanese Yen have struggled to maintain their

The Commodity Currency, AUD, is trading at multi-month highs at sub 0.7750 levels. On daily chart, $AUDUSD currency pair is up more than 8% since the new year (0.71280 December low to 0.77418 recent February high). A completed bullish XABCD / BAT pattern is also visible on the chart. However, now the currency pair appears exhausted at current levels with signs of downward pressure. This suggests a short opportunity in next few days or week. On a short-term 4H chart, the curre

Australian Dollar alongside neighboring nation's New Zealand Dollar have been note-worthily volatile currencies in new year; up more than 0.6% and 0.8% respectively for the day. Australian employment data was released earlier today which appears to have satisfactorily beat analyst expectations. Australian Economic Data: Employment Change 13.5k in January vs 10.0k expected and 16.3k in December. Unemployment Rate 5.7% in January versus 5.8% expected and 5.8% in December. Full

2016 was a tumultuous year for the world's second largest economy's stock market. Lack of direction in terms of the policy was attributed as one of the key reasons for the turmoil in Chinese markets. Since then though the Central Bank of China ("PBOC") has taken multitude of steps in curbing economic concerns and thereby balancing stock markets. Chinese currency, Yuan, was included in International Monitory Fund's basket of currencies starting October 1st 2016. Meanwhile, on

Australia reported a trade surplus of AUD 3.51 billion in December 2016, 72% increase from an upwardly revised AUD 2.04 billion surplus in November vs. market expectations of a AUD 2.20 billion surplus. It was the second straight month of surplus and the largest on record, as exports rose much more than imports. Further details can be found at: Australia Trade Data 2017. As an expected reaction, the Aussie Dollar spiked post the record data, keeping its bullish stance from J

Quite an interesting daily chart for a forex pair. $AUDCHF two years daily forms a steady ascending triangle formation, indicating slow and steady pick up in the Aussie Dollar over the Swiss Franc. A break upwards in next two to three months is on the cards given the fundamentals remain supportive as the technicals suggest. Lots of interim small and large cup and handle formation can be identified. A closer look, to assess more near-term view on 4H chart shows a zoomed most r