AUDUSD Live trading Analysis By Cameroon Online School of Forex

Australian Dollar live Forex forcast: AUD/USD Price.

Forex Technical Analysis Forex Article.

Aussie Dollar vs US Dollar Technical Outlook

Bulls pullback due to a weaker risk-on sentiment

AUD vs USD price chart exposes a trendless move

AUD/USD – Indecisive Market

On June 15, AUD/USD declined to a two-week low at 0.6776. The price recovered all losses yet could not retest the previous week’s high highlighting that bulls were losing momentum. On Friday, the weekly candlestick closed with a Doji pattern reflecting the trader’s indecision at that point.

The market rallied on a V-shape recovery expectations driven by central bank stimulus around the globe and gradual easing of restrictions. Yet, the resurgence in coronavirus cases in the US and other countries knocked the investor’s confidence and drove them to slow down the US dollar selloff.

On June 10, AUD/USD soared to a near eleven-month high at 0.7064 however, the price reversed back to the current trading zone 0.6827 – 0.7015 as some bulls seemed to cut back.

Later on, the pair stabilized in the zone and traded in a sideways move creating a lower high with a higher low.

A close above the high end of the zone may resume bullish price action towards the 0.7300 handle. Any further close above that level could extend the rally towards 0.7414.

On the other hand, a close below the low end of the zone could spark a downside move towards 0.6684. Any further close below that level may encourage bears to press AUDUSD even lower towards 0.6409.

AUD/USD Four-Hour PRICE CHART (June 1 – June 25, 2020)

On Monday, AUD/USD broke above the lower line on the downtrend lines fan originated from the June 10 high at 0.7064 and generated a bullish signal. Yet the price coiled later eyeing a test of the uptrend line originated from the June 15 low at 0.6776. Hence, any violation of this line would generate a bearish signal. In turn, any break above the higher line on the downtrend lines fan would produce a bullish signal.

To conclude, a break below 0.6774 could send AUDUSD towards 0.6707 while, a break above 0.7085 may trigger a rally towards 0.7160.Nonetheless, the weekly support and resistance marked on the four-hour chart should be kept in focus.

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GBPUSD signal by the Kingofpips (Nshing Rooney)

GBP/USD Forex Signal: Bearish Price Channel

Free Forex Signals - Reliable Forex Signals for Traders | CMRFOREX / kingofpips/

The technical picture is considerably more bearish, and the British Pound is standing out right now as a relatively weak currency.

GBP/USD: Pivotal point at 1.2450

Yesterday’s signals were not triggered as there was neither bullish price action at 1.2436 nor bearish price action at 1.2504.

Today’s GBP/USD Signals

Risk 0.75% per trade.

Trades may only be taken before 5 pm London time today.

Short Trade Ideas

Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2450.

Put the stop loss 1 pip above the local swing high.

Move the stop loss to break even once the trade is 25 pips in profit.

Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.

Long Trade Ideas

Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2285.

Put the stop loss 1 pip below the local swing low.

Move the stop loss to break even once the trade is 25 pips in profit.

Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

GBP/USD Analysis

Yesterday that the recent bullishness was not convincing, and the short-term price action suggested that the price would break back below 1.2500.

I was ready to take a bearish bias if we had gotten two consecutive hourly closes below the support level at 1.2436.

This was a good call as the price did get back below 1.2500 and continues to fall, although the price did not get below 1.2436 during yesterday’s session.

The technical picture is considerably more bearish, and the British Pound is standing out right now as a relatively weak currency.

The price is back within a new bearish descending price channel. The chart is dominated by a pivotal resistance level at 1.2450.

A short trade from a bearish reversal at 1.2450 is the only potential trade opportunity I am interested in here, and I would be quite confident this trade will have a good chance of being profitable.

There is nothing of high importance scheduled today regarding either the GBP or the USD.

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Live Forex Analysis by Cameroon Online School of Forex

AUD/USD Down 12 Pips On 4 Hour Chart, Underperforms All Forex; Came Into Today Down For the 2nd Day In A Row / 40 minutes ago

Forex Market Summary

(Last Updated June 25, 2020)

The Latest News on Price

The pairs that made the biggest moves, on a percentage basis, over the past day were USDZAR, USDCNH, and EURSEK. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.

Forex Trend News

Over the past two weeks, the strongest trend has been on EURGBP. Alternatively, on a 90 day basis, the strongest trend appears on GBPAUD. Price action traders will also want to note that a base appears to be forming on EURAUD, EURCAD and AUDCAD. Price bases often precede increases in volatility and a clear trend.

Moving Averages in the Forex World

Pairs that crossed notable moving average levels include NZDCAD, EURSEK, EURNOK, GBPUSD, USDCNH and NZDJPY; they crossed their 20, 50, 50, 50, 100 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that EURTRY has perhaps the strongest trend. See the chart below.

Lastly, instruments in the Forex asset class that are near their 200 day moving average are USDCNH, EURCHF, USDHKD and NZDJPY.

Dezzy T.

Live on

Cameroon Online School of Forex 

The Sad and Good side of Jovi

Godlove Ndukong, artist name Jovi, CEO of Newbell music and founder of his kind of  music in 237showbizsphere crowned by a group of lovers named the MbokoGang has his bright and sad sides. 

Sad side first right?

Jovi has been in the 237showbizscope for close to a decade but with less exposure internationally. No one can explain this but thanks to beef he is achieving this in Ghana, Nigeria and Kenya.

His label seems to resemble a no option for other artists under him as he decides for all. He rules his empire and like a king his words are final. Not good for younger artists that's why many quit Newbell music due to these harsh policies.

As an old giant in the industry, Jovi is still unable to ignore comments from young and coming artists like the case of Tzy. At times he will post more than 5 posts a day when twisted but could let it go. 

Only 3 percent of artist who quit Jovi are likely to blow. This is still a question. Only Magasco is thriving as of now. What of Pascal? What's wrong Jovi? He has to analyse himself too. Meaning if Renis is out, then will that be all?

 The Good side of The MbokoGod

The fact that you can't easily see Jovi makes him royal. Over exposure blurs the taste of an artist. That's Jovi. 3point over 3.

The MbokoGod has created his fame and many felt a sudden fall could break one of his ladder sticks but didn't succeed. He is not coined with other fames thats why you will hardly find Jovi's songs on Trace tv and other platforms. He is generally not a public "abeg" for other fame homes like many Cameroon stars.

Jovi hardly makes adverts because he has a committed fan group who are ready to share his hard hits like the trending "sok, sok". Keep on MbokoGod and your holy Pentecostal Gang.

Jovi doesn't go low-key to accept mudfish cash for concerts. His world is crafted to accept his strength. In short he doesn't go for birthday parties in the name of concerts. Met l'argent à Terre he counts and if it's not above a birthday show cash his Gang and him will filter the arena.

Just the fact that Jovi is not a copy and paste artist with a lot of groundroots and originality makes him an artist.

Lastly Jovi can sing any time because he owns a label and doesn't need extra effort to produce his songs. Covid19 has slow down artists but not this guy. Hala MbokoGod@MbokoGang@Newbell.

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Nice trading day.

Rooney N of Cameroon Online School of Forex-cmrforex @kingOfPips. +237675421156

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