Mahfuzur Rahman Fardun
- Trader and digital marketer at Self Employed
- Bangladesh
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Trader and digital marketer
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Self Employed
My Signal
https://www.mql5.com/en/signals/2148295?source=Site+Signals+From+Author
First of All,
Thank you for viewing my profile.
I only trade AUD AND NZD-related pairs and some major fundamentals events. I closely monitor the CHINESE STOCK MARKET, NEWZEALAND, AND AUSTRALIAN ECONOMY to do my analysis.
After years (from 2020) of forex trading, I've found, that it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market.
I try to post and update my trade ideas every week. Follow me, if you like my analysis.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable placing orders based on just some random indicators. I look for strong fundamental reasons, and these indicators help me to achieve a great risk-to-reward ratio.
May we all gain some Pips. Happy trading...
CONTACT INFO:
Email: me908fardun@gmail.com
What's app: +8801931939900
https://www.mql5.com/en/signals/2148295?source=Site+Signals+From+Author
First of All,
Thank you for viewing my profile.
I only trade AUD AND NZD-related pairs and some major fundamentals events. I closely monitor the CHINESE STOCK MARKET, NEWZEALAND, AND AUSTRALIAN ECONOMY to do my analysis.
After years (from 2020) of forex trading, I've found, that it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market.
I try to post and update my trade ideas every week. Follow me, if you like my analysis.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable placing orders based on just some random indicators. I look for strong fundamental reasons, and these indicators help me to achieve a great risk-to-reward ratio.
May we all gain some Pips. Happy trading...
CONTACT INFO:
Email: me908fardun@gmail.com
What's app: +8801931939900
Mahfuzur Rahman Fardun
AUD/USD advances towards 0.6800 on upbeat Aussie trade data
AUD/USD is looking to extend its recovery towards 0.6800 after the Australian Trade data beat estimates. The US dollar bulls take a breather following the FOMC Minutes-led upsurge. Investors remain cautious amid looming recession risks.
AUD/USD is looking to extend its recovery towards 0.6800 after the Australian Trade data beat estimates. The US dollar bulls take a breather following the FOMC Minutes-led upsurge. Investors remain cautious amid looming recession risks.
Mahfuzur Rahman Fardun
Date: 7-4-2022
USD/JPY looks disconnected from US yields and may break short-term support at 134.28/24, economists at Credit Suisse report. The secular trend is up, however, and they see any weakness as corrective before an eventual test of the 137.21 high of September 1998.
USD/JPY looks disconnected to the recent move lower in US yields
“USD/JPY is dramatically losing momentum in the short-term, with a large momentum divergence and cross lower in daily MACD, with the market also looking disconnected from the recent fall in US bond yields.”
USD/JPY looks disconnected from US yields and may break short-term support at 134.28/24, economists at Credit Suisse report. The secular trend is up, however, and they see any weakness as corrective before an eventual test of the 137.21 high of September 1998.
USD/JPY looks disconnected to the recent move lower in US yields
“USD/JPY is dramatically losing momentum in the short-term, with a large momentum divergence and cross lower in daily MACD, with the market also looking disconnected from the recent fall in US bond yields.”
Mahfuzur Rahman Fardun
The AUD/USD pair peaked at 0.6958, meeting sellers around the 23.6% retracement of its latest daily decline between 0.7282 and 0.6855 in the 0.6950 area. The daily chart shows that bears keep control of the pair as it is developing below its moving averages, with the 20 SMA heading south at around 0.7050. Technical indicators remain well below their midlines, although lacking directional strength.
In the near term, and according to the 4-hour chart, the pair offers a neutral-to-bearish stance. AUD/USD has spent the day consolidating between the aforementioned Fibonacci level and a flat 20 SMA, providing intraday support at 0.6910. Technical indicators have turned marginally lower but remain within neutral levels. Critical support comes at 0.6850, June monthly low. The bearish case will be firmer if the pair breaks below it.
Support levels: 0.6910 0.6880 0.6850
Resistance levels: 0.6955 0.6990 0.7030
In the near term, and according to the 4-hour chart, the pair offers a neutral-to-bearish stance. AUD/USD has spent the day consolidating between the aforementioned Fibonacci level and a flat 20 SMA, providing intraday support at 0.6910. Technical indicators have turned marginally lower but remain within neutral levels. Critical support comes at 0.6850, June monthly low. The bearish case will be firmer if the pair breaks below it.
Support levels: 0.6910 0.6880 0.6850
Resistance levels: 0.6955 0.6990 0.7030