Aud/Usd

[Ahmed148]

Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.

[Muhammadfaizan]

AUD/USD seesaws around the higher limit of Monday’s trading range, between 0.6110 and 0.6185, while taking rounds to 0.6170 at the start of Tuesday’s Asian session. A glimmer of hope from receding cases in Italy and Spain, coupled with Aussie policymakers’ signals of further stimulus and disappointment from US President Donald Trump, helped the quote to remain on the front foot, with mild gains, during the previous day.

On Monday, Italy registered the lowest coronavirus (COVID-19) cases, 4,050, since March 17 whereas Spain also marked a reduction in the death toll to 812 from 838. On the other hand, the US continues to become the concern for the markets with cases rising to 140,904 from 122,653 while the death toll in the country stepping up to 2,405.

The Aussie PM Scott Morrison and Treasurer Josh Frydenberg showed readiness to announce big stimulus to regain the economic traction. Further, US President Donald Trump stepped back from earlier hints to reopen the economy by Easter. Additionally, comments from the recently convened G20 suggest that the World Bank pushed for slightly easy trading terms for pandemic goods and food. US Treasury Secretary Steve Mnuchin also said that the US overdependence on other countries for cheap medical supplies has created a strategic vulnerability.

Market’s risk-tone remains mostly lacking direction as the US 10-year treasury yields remained under pressure around 0.70% while Wall Street closed in the green for the first day of the week.

While second-tier Aussie data could offer intermediate moves to the pair, traders will keep eyes on China’s official PMI numbers for March. The headline Manufacturing PMI is expected to recover from 35.7 to 45 with Non-Manufacturing PMI likely inching up to 37.8 from 29.6 previous read-outs. Even if the data is expected to portray contraction in the activities, by remaining below 50.00, any recovery in the pace would be welcomed for further upside towards 0.6200.

Technical analysis
21-day SMA offers the immediate upside barrier around 0.6200 ahead of March 09 low near 0.6310. Alternatively, 0.6080, 0.6000 and 10-day SMA near 0.5960 could entertain sellers during the pullback.

[Shahnawaz148]

News) - Gold prices are under pressure but seeing little reaction to stronger than expected U.S. consumer optimism.

Tuesday, the U.S. Conference Board, said that its Consumer Confidence Index fell to a reading of 120 in March, down from February’s reading of 130.7; however, the drop beat expectations as economists expected a fall to 115.10.

“Consumer confidence declined sharply in March due to a deterioration in the short-term outlook,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board.

Although gold prices are down, the precious metal saw little reaction to the latest economic data. June gold futures last traded at $1,625 an ounce, down more than 1% on the day.

[Arifzaziz]

World is facing problems in the regular basis. It is first time that world face such disaster. World faced ebola, SARS epidemic in the recent history. World the the terror attack on the world trade center, which is hub of financial world that time. Trades do not leave the profession that time.

[Fyyaz532]

AID/USD

Forex forum is the most popular in the world to see the most important things about your life and your future needs. In this forum we have been working with a team of experts who will help us to understand how we are working together and how we are able to earn good profit. We also follow the seniors traders and make trading decisions that are very important to earn good profit.

[Ali260]

Forex is the greatest trading website to earning huge profits.
So all of friends join forex trading and earn good. I have use some good indicators to earn good profit. These indicators are
RSI
Zigzag
If indicator shows markit markit going up you trade on buy and if indicator shows markit going down you trading on sell to earn good profit. So forex trading is a good earning website.

[Hussain]

Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.

[Karina]

kal k hi uptrend ko market continue kar skta hai kuki market meh kafi upward strong movement thi kal or kafi buyers ne dominate kara hai
halaki abhi ek support level pe jisko market ache se test kar rha hai agar ye level break hota hai toh defintely strong up movement dikhegi is pair meh

I predict this pair have bullish direction
I suggest to take LONG position today

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade

money management is very effective for getting profits with stop loss and take profits method with current trading position

[Muhammadfaizan]

On March 19 AUD/USD tumbled to 0.5509 – its lowest level in nearly 18 years. However, the price rallied as some bears seemed to cover then closed with a Doji pattern signaling a possible reversal. Last week, the price rallied further as more bears eased up and on Friday, the market closed the weekly candlestick in the green with 6.0% gain.

Alongside that, the relative Strength Index (RSI) abandoned oversold territory, highlighting a weaker downtrend move.

[snake]

Forex Forecast with price level
AUD/USD - pair in focus.
Current Price - 0.6118
main support level - 0.6071
main resistance level - 0.6169
Pair likely to be in Sell today.