Entertainmentbuzzplus: 2018

AUD USD CURRENT TREND

Current trend

AUD showed growth against USD on Wednesday, despite the fact that during the day

the instrument traded mostly in a downward direction. There were no interesting

macroeconomic data from the US or Australia on Wednesday, so investors

concentrated on statistics from Europe and Canada.

Today, the pair is showing growth, reaching new local highs since April 13.

The growth of AUD is taking place against the backdrop of the publication of

a disappointing report on the Australian labor market. The level of employment

in March grew by only 4.9K jobs, which is much worse than analysts' expectations

(+21.0K). Last month, the figure showed an increase of 17.5K. The indicator of

partial employment increased sharply by 24.8K in March, while in February it

fell by a record 47.4K jobs. The unemployment rate in March decreased from

5.6% to 5.5%.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range expands,

freeing a path to new local highs for the "bulls".

MACD indicator is growing preserving a stable buy signal (the histogram

is above the signal line).

Stochastic, in turn, only slightly reacts to the resumption of growth in

the short term and remains horizontal.

At the moment, the indicators do not contradict the further development

of the uptrend in the short and/or ultra-short term.

Resistance levels: 0.7820, 0.7840, 0.7867.

Support levels: 0.7757, 0.7725, 0.7705, 0.7667.

AUD USD APRIL 17

2018-04-17 10:55 (GMT+2) AUD/USD

Current trend

AUD is growing against USD.

As there is lack of key macroeconomic releases in Australia, the investors are focused on the USA news.
US President Trump’s international policy towards China and the Middle East weakens the investors’ interest
in the American dollar. Australian currency is additionally supported by data from China, which is one of
the largest trade partners of the country. Chinese Q1 GDP grew by 6.8% YoY while the growth by 6.7% was expected.
Retail Sales grew by 10.1% in February from 9.7% in the previous month. However, the growth of Industrial Production
slowed to 6.0% in February from 7.2% in the previous month.

Tuesday’s RBA Minutes release did not affect the instrument significantly. The regulator mentioned the low inflation rate
and earnings’ growth, and traditionally mentioned the danger of the Australian currency growth.

Support and resistance

Technical indicators reflect that the market is relatively calm, the trend is sideways.
Bollinger Bands are directed horizontally. MACD volumes are in the positive zone and are moving along the zero line.
Stochastic’s lines are pointed upwards.

Resistance levels: 0.7782, 0.7812, 0.7843.

Support levels: 0.7751, 0.7720, 0.7690.

Trading tips

Long positions can be opened above the level of 0.7782 with the targets at around 0.7812–0.7843 and stop loss 0.7762.

Short positions can be opened below the level of 0.7751 with the targets at around 0.7720–0.7690 and stop loss 0.7771.

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 0.7785
Take Profit 0.7812, 0.7843
Stop Loss 0.7762
Key Levels 0.7690, 0.7720, 0.7751, 0.7782, 0.7812, 0.7843
Alternative scenario
Recommendation SELL STOP
Entry Point 0.7745
Take Profit 0.7720, 0.7690
Stop Loss 0.7771
Key Levels 0.7690, 0.7720, 0.7751, 0.7782, 0.7812, 0.7843

NEW ADVENTURE OF KID

Forex need proper knowledge

Forex the life changer

Everyone loves money. Money makes the mare go. World is revolving around 7 major currencies and a lot of other currencies. Dollar, Pound, Euro, Yen, Franc, Cad, Aud Dollar and Nzd Dollar are most attractive currencies in the world.

Before boarding our hottest topic we should always remind ourselves

Risk Disclaimer

Forex is a risky business so don’t jump blindly and never put the money befor understanding it.

In this video I discuss 4 important aspects that we should know and fully understand before jumping in the market.

1. Forex as a Business:

Like all other businesses if we are going to join forex as a business its great. Forex is in one aspect is a dreaming business. Trillions of dollars float all the day to grab for those who know how to enter and exit the market. 24 hours working market for five days (Monday to Friday) is really attractive market for everyone. Most beauty of market is its hot cash. You get profit you can withdraw any time. No bothering of work and get paid weekly or monthly. Be your own boss.

2. Forex Hours:

It’s really important to know when the market is opening and closing. As forex is not centralized market and it is scattered in four major markets.

1. Sydney (Australia)
2. Tokyo(Japan)
3. London(U.K)
4. New York(U.S.A)

These four markets cover all the time (24 hours)for forex market. It’s also important to know that two common time frames are usually used in the forex market. EST and GMT/UTC.

Pakistan is +5 GMT/UTC and +10 EST

Trader should know the time setting accordingly as per their country time specification.

According to Pakistan the time frame of major markets are as below.

Name of Market Opening Closing

Sydney 3.00am 9.00am

Tokyo 4.00am 11.00am

London 12.00pm 8.30pm

New York 5.30pm 2.00am

Maximum volume of the market can be seen during London New York overlapping time from 5.30pm to 8.30pm.

Note: Day lite timing for different countries changes the time span for one hour which should be noted for the trading setup.

3.Forex Calendar

Like every other business we should aware what is happening in the market. If we are not aware our business event how we can earn or more suitable words are how we can survive.

Forex in the meantime mostly moves with the news. A news can make a market moving in a trend from a range bound position or halt the market from trend to a range bound position. So understanding about the forex calendar is very important.

In forex calendar there are four types of news.

a. No impact news

b. Low impact news

c. Medium impact news

d. High impact news

High impact news are the most important news or event and most fluctuated part of forex business time. So one should understand and prepare itself for that particular news event and time. This is the time when we should care our already opened positions or regulate our positions according to news and the behavior of the market.

myfxbook.com

fxstreet.com

are some sites to get the news timing