AUDNZD: Ready to go back up
Обновлено
AUDNZD has reached an extremely low level as you can see in the quarterly chart, and as is typical in cross pairs, they tend to revert back to the long term mean when this happens.
The best way to know when it'll turn is when fundamentals favor outperformance of one of the currencies over the other, specially when technicals align.
In the weekly chart you can observe my 'pair trader' indicator, which shows the spread between AUDUSD and NZDUSD. Interestingly enough, it's at record low levels, similar to the one before the steep rally that started in April 2015.
Since both economies are fairly similar, this pair tends to range in a very wide and volatile range in the long term as you can see. I favor longs in this pair. If price were to drop below the 'Brexit key level' on chart, I'd doubt the advance.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
The best way to know when it'll turn is when fundamentals favor outperformance of one of the currencies over the other, specially when technicals align.
In the weekly chart you can observe my 'pair trader' indicator, which shows the spread between AUDUSD and NZDUSD. Interestingly enough, it's at record low levels, similar to the one before the steep rally that started in April 2015.
Since both economies are fairly similar, this pair tends to range in a very wide and volatile range in the long term as you can see. I favor longs in this pair. If price were to drop below the 'Brexit key level' on chart, I'd doubt the advance.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Комментарий
Off to a good start.Сделка активна
Add to longs or reenter here.
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ivanlabrie.substack.com/
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