The Australian economic outlook suggests the pair might eventually weaken. Now all eyes turn to the figures on consumer confidence, to be released this week and will give the federal government its first look at what consumers think of the federal budget. 154 more words
Tags » AUDJPY
Trades for 13th May.
Long AUDJPY. The 60m/15m/5m checks for this trade were awful. Here they are. Trend weak. No support from the MACD’s as they were either bear or in a bearish transition. 242 more words
( bias abandoned, trade not triggered) week21 AUDJPY D1 line chart shows pivot support , 6 weeks uptrend.
Defining my trend in week to week. The reason is swing trading requires result to be seen within 1-few days. If the trend is too larger, then it does not serve the purpose of winning a trade based on trending situation. 160 more words