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USD/CAD shot higher on the dovish words of BOC Governor Stephen Poloz. But can it go even higher? Here is the view from BTMU: Here is their view, courtesy of eFXnews: BTMU Research discusses USD/CAD outlook, and notes that that its valuation model based on the higher price of oil alone suggests that USD/CAD should currently be [...]
The post USD/CAD: To Struggle Back Above 1.30; 1.32 Break ‘Serious’ Challenge – BTMU appeared first on Forex Crunch.
The US reported a core inflation rate of 0.2% m/m and 1.8% y/y, exactly as expected and not really exciting. What does this mean for the Fed and the US Dollar? Here is their view, courtesy of eFXnews: CIBC Research discusses the reaction to today’s US CPI data for the month of February. “You can [...]
The post US CPI Carried No Reason For Fed To Get More Aggressive – CIBC appeared first on Forex Crunch.
AUDJPY has been Bullish on the H4 chart. The pair has had a consolidation. Today’s price action suggests that the consolidation might get over and we might get an upward breakout today. If that happens then the pair would offer us a long opportunity later today. Let us have a look at the AUDJPY chart.
AUDJPY Price Action Analysis – 13th Mar 2018
The pair has been having a consolidation within those two red lines. The first H4 candle today came out as a Doji candle and the next one came out as a strong Bullish candle. We need to see a breakout at the level of 84.050 though. If we get an H4 breakout at that level and the breakout is held by the next H4 candle, then buying the pair would get us some green pips with an excellent risk and reward ratio. Let us have a look at the summary of the trade.
None of the currency on AUDJPY has any high impact news event today. This means if the breakout happens, there is a good chance that the correction and the signal would come as we are expecting here. The signal has to come at or after GMT 14.00 since one H4 candle has to make the breakout and another one has to be held. Thus, the earliest we might get the signal is at GMT 14.00. Meanwhile, we wait to see whether the breakout happens or not.
The post AUDJPY Price Action Analysis – 13th Mar 2018 appeared first on Advanced Forex Strategies.