Hello,
today I am recording an AUDNZD buy idea based off the current market conditions.
Based off the economic calendar, AUD is projected to be strong, and NZD has projected weakness.
This movement may continue up until 30 minutes before Asia open. as we do have AUD information coming (see below)
previous
16:30 AUD AIG Manufacturing Index (Dec) 44.7
My reasoning behind the buyer power continuing is based upon recent power from Asia open 2/6/23.
as well as the breach which took place during New York open.
Sellers have yet to push the market back in to the range.
Going to stand by before adding more to my position.
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
today I am recording an AUDNZD buy idea based off the current market conditions.
Based off the economic calendar, AUD is projected to be strong, and NZD has projected weakness.
This movement may continue up until 30 minutes before Asia open. as we do have AUD information coming (see below)
previous
16:30 AUD AIG Manufacturing Index (Dec) 44.7
My reasoning behind the buyer power continuing is based upon recent power from Asia open 2/6/23.
as well as the breach which took place during New York open.
Sellers have yet to push the market back in to the range.
Going to stand by before adding more to my position.
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.