EURAUD: 1:3 Risk Reward SHORT
AUD:
- 20/02/2019 The Conference Board leading index forecasted an expansion on the Australian economy. This leads to a slight long bias on AUD.
- AUD strong fundamental reading at 20, increasing from 0 earlier in the week. This strength shift indicates a potential change in cash flow to the Aussie economy.
EUR:
- 22/02/2019 the German IFO Institue for Economic Research released a lower than expected score. It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
- Fundamentals for EUR is sitting at -31 showing a contracting economy.
Technical Formations
- The combination of trendline hits and evening start formations sets up for an excellent short opportunity.
- Candlestick formations such as Tweezer tops are also present.
- 20/02/2019 The Conference Board leading index forecasted an expansion on the Australian economy. This leads to a slight long bias on AUD.
- AUD strong fundamental reading at 20, increasing from 0 earlier in the week. This strength shift indicates a potential change in cash flow to the Aussie economy.
EUR:
- 22/02/2019 the German IFO Institue for Economic Research released a lower than expected score. It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
- Fundamentals for EUR is sitting at -31 showing a contracting economy.
Technical Formations
- The combination of trendline hits and evening start formations sets up for an excellent short opportunity.
- Candlestick formations such as Tweezer tops are also present.
Komen:
Trade beat expectations, HEAVY AUD strength and EUR weakness. Possible to now scale out