"The near-term uptrend in the Australian Dollar quite literally fell apart this past week. AUD/USD descended through a rising trend line as it cleared a horizontal range of support between 0.71645 – 0.71452. However, the pair appeared to struggle achieving a daily close under the January 24 low at 0.7081. This further reinforced this area as support."
"A descent through it would probably be the confirmation needed to argue technically that the pair may extend its declines. This places near-term support as a range between 0.70211 and 0.69819 next. Meanwhile, a climb back above resistance would expose the late January/early February highs (0.72729 – 0.73). With that in mind, the AUD/USD technically outlook appears slightly bearish."
=========
The chart was made on MT5 with standard indicators of Metatrader 5
actual data is 0.5% according to the latest press release
if actual > forecast (or previous good for currency (for AUD in our case)
[AUD - Wage Price Index] = Change in the price businesses and the government pay for labor, excluding bonuses.
==========
From official report :
"The trend and seasonally adjusted indexes for Australia rose 0.5% in the December quarter 2018."
"The highest index rise at an industry level (in original terms) was recorded in Financial and insurance services (0.9%) and the lowest in Accommodation and food services (0.1%)."
if actual > forecast (or previous good for currency (for AUD in our case)
[AUD - Current Account] = Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter.
"The current account deficit, seasonally adjusted, fell $3,582m to $7,203m in the December quarter 2018. The balance on goods and services surplus rose $2,661m to $8,425m. The primary income deficit fell $848m to $15,318m."
"In seasonally adjusted chain volume terms, the surplus on goods and services fell $781m from $2,022m in the September quarter 2018 to $1,241m in the December quarter 2018. This is expected to detract 0.2 percentage points from growth in the December quarter 2018 volume measure of GDP."
AUD/USD - breakout to the bullish reversal; 0.7393 is the key(based on the article)
"The Australian Dollar continues to struggle for directional conviction against its US counterpart, with prices still stuck in choppy range near the 0.71 level. Still, overall positioning suggests the path of least resistance favors a downside bias. An orderly decline started in January 2018 bottomed in October, giving way to prolonged consolation. Price action since then has traced out what appears to be a descending Triangle pattern. This is a setup typically indicative of bearish trend continuation."
"Confirmation is still pending. A daily close below support in the 0.6982-7021 area would complete the Triangle, initially exposing the 0.69 figure thereafter. The pattern would imply far more ambitious downside objective below the 0.66 figure over the longer term however."
"Invalidation of the bearish setup calls for a daily close above resistance in the 0.7093-0.7188 zone. A daily close above its outer layer may not necessarily imply a structural change of trend, but would probably defuse near-term selling pressure and set the stage for a retest of the January 31 swing high at 0.7295."
============
The chart was made on Metatrader 5 with the Ichimoku market condition setup from this post (free to download for indicators and template) as well as the following indicators from CodeBase:
if actual > forecast (or previous value) = good for currency (for AUD in our case)
[AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries.
==========
From official report :
"At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The outlook for the global economy remains reasonable, although the risks are tilted to the downside. Growth in international trade has declined and investment intentions have softened in a number of countries. In China, the authorities have taken steps to support the economy, while addressing risks in the financial system. In most advanced economies, inflation remains subdued, unemployment rates are low and wages growth has picked up."
"The inflation data for the March quarter were noticeably lower than expected and suggest subdued inflationary pressures across much of the economy. Over the year, inflation was 1.3 per cent and, in underlying terms, was 1.6 per cent. Lower housing-related costs and a range of policy decisions affecting administered prices both contributed to this outcome. Looking forward, inflation is expected to pick up, but to do so only gradually. The central scenario is for underlying inflation to be 1¾ per cent this year, 2 per cent in 2020 and a little higher after that. In headline terms, inflation is expected to be around 2 per cent this year, boosted by the recent increase in petrol prices."
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Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.02.05 10:51
AUD/USD Intra-Day Fundamentals: Australia Retail Sales and range price movement
2019-02-05 00:30 GMT | [AUD - Retail Sales]
if actual > forecast (or previous good for currency (for AUD in our case)
[AUD - Retail Sales] = Change in the total value of sales at the retail level.
==========
From official report :
==========
AUD/USD: range price movement by Australia Retail Sales news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4:
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.02.09 09:28
AUD/USD - Slightly Bearish (based on the article)
=========
The chart was made on MT5 with standard indicators of Metatrader 5
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.02.20 09:22
AUD/USD Intra-Day Fundamentals: Australia Labour Price Index and range price movement
2019-02-20 00:30 GMT | [AUD - Wage Price Index]
if actual > forecast (or previous good for currency (for AUD in our case)
[AUD - Wage Price Index] = Change in the price businesses and the government pay for labor, excluding bonuses.
==========
From official report :
==========
AUD/USD: range price movement by Australia Labour Price Index news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4:
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.03.05 09:00
AUD/USD Intra-Day Fundamentals: Australia Current Account and range price movement
2019-03-05 00:30 GMT | [AUD - Current Account]
if actual > forecast (or previous good for currency (for AUD in our case)
[AUD - Current Account] = Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter.
==========
From official report :
==========
AUD/USD: range price movement by Australia Current Account news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
==========
Same systems for MT4/MT5:
The beginning
After
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.03.21 08:09
AUD/USD Intra-Day Fundamentals: Australia Employment Change and range price movement
2019-03-21 00:30 GMT | [AUD - Employment Change]
if actual > forecast (or previous value) = good for currency (for AUD in our case)
[AUD - Employment Change] = Change in the number of employed people during the previous month.
==========
From official report :
==========
AUD/USD: range price movement by Australia Employment Change news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4:
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.04.03 07:58
AUD/USD Intra-Day Fundamentals: Australia Retail Sales and range price movement
2019-04-03 01:30 GMT | [AUD - Retail Sales]
if actual > forecast (or previous value) = good for currency (for AUD in our case)
[AUD - Retail Sales] = Change in the total value of sales at the retail level.
==========
From official report :
==========
AUD/USD: range price movement by Australia Retail Sales news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4:
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.04.09 14:52
AUD/USD - breakout to the bullish reversal; 0.7393 is the key (based on the article)
============
The chart was made on Metatrader 5 with the Ichimoku market condition setup from this post (free to download for indicators and template) as well as the following indicators from CodeBase:
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.04.18 08:27
AUD/USD Intra-Day Fundamentals: Australia Employment Change and range price movement
2019-04-18 01:30 GMT | [AUD - Employment Change]
if actual > forecast (or previous value) = good for currency (for AUD in our case)
[AUD - Employment Change] = Change in the number of employed people during the previous month.
==========
From official report :
==========
AUD/USD: range price movement by Australia Employment Change news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4:
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.05.07 07:05
AUD/USD Intra-Day Fundamentals: Australia Retail Sales and range price movement
2019-05-07 01:30 GMT | [AUD - Retail Sales]
if actual > forecast (or previous value) = good for currency (for AUD in our case)
[AUD - Retail Sales] = Change in the total value of sales at the retail level.
==========
From official report :
==========
AUD/USD: range price movement by Australia Retail Sales news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4:
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2019.05.07 07:20
AUD/USD Intra-Day Fundamentals: Australia Cash Rate and Reserve Bank of Australia Rate Statement
2019-05-07 04:30 GMT | [AUD - Cash Rate]
if actual > forecast (or previous value) = good for currency (for AUD in our case)
[AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries.
==========
From official report :
==========
AUD/USD: range price movement by Australia Cash Rate news event
==========
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4: