{"id":128100,"date":"2018-06-08T09:35:31","date_gmt":"2018-06-08T13:35:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128100"},"modified":"2018-06-08T06:06:45","modified_gmt":"2018-06-08T10:06:45","slug":"audusd-forex-technical-analysis-accelerating-growth-bullish-for-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/audusd-forex-technical-analysis-accelerating-growth-bullish-for-audusd\/","title":{"rendered":"AUDUSD: Forex Technical Analysis &#8211; Accelerating growth bullish for AUDUSD"},"content":{"rendered":"<div id=\"inves-3707286374\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 8, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Accelerating growth bullish for AUDUSD<\/strong><\/p>\n<blockquote><p>First quarter GDP was better than expected. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/audusd\"> AUDUSD <\/a> climb continue?<\/p><\/blockquote>\n<p>The Reserve Bank of Australia left the interest rate at 1.5% and the policy unchanged at its June 5 meeting. The GDP report next day was better than expected: the Australian economy grew at 3.1% annual rate in the first quarter of 2018 after a 2.4% growth in the last three months of 2017. The increase in exports was the main driver of growth. Accelerating economic expansion is bullish for AUDUSD.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/AUDUSD_O_08June2018.png\" alt=\"AUDUSD\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe <b>AUDUSD: D1 <\/b> is rebounding after hitting thirteen-month low in the beginning of May.<\/p>\n<ul class=\"emailSummary\">\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a buy signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates no trend yet : it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> is above the signal line with the gap widening. This is a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> is in falling and has not reached the oversold zone.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 0.7676. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed the below the lower Donchian channel at 0.7476. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop-loss level (0.7812) without reaching the order (0.7551) we recommend cancelling the order: the market sustains internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy Stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 0.7676<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0.7476<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-3506881886\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Accelerating growth bullish for AUDUSD First quarter GDP was better than expected. Will the AUDUSD climb continue? The Reserve Bank of Australia left the interest rate at 1.5% and the policy unchanged at its June 5 meeting. The GDP report next day was better than expected: the Australian economy grew at 3.1% annual [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-128100","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=128100"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128100\/revisions"}],"predecessor-version":[{"id":128115,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128100\/revisions\/128115"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}