Matter of Money

After months and months of bear market activity $AUDNZD is finally signalling bullish resistance. $AUDNZD on the 4h chart The downtrend was violated (red circle) and was tested from the upside for a bullish rejection. I entered a small long at 1.0427 which I intend to hold as long as the pair is not violating the young uptrend. Longer term targets will be in the 1.0850 - 1.09 area, which currently is the intersection of a projected channel and a bearish trendline. Should the price action form a bearish pattern earlier I am bailing out of this scenario and bets are off for me. $AUDNZD daily chart *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks and trades!

$CB ,  Brent Crude Oil: Brent has broken out on a weekly basis, but is running into resistance. I think it's due for a pullback, which might open up a nice opportunity for a bullish trade. $SPX500, S&P 500: On a weekly basis, the S&P is in a shallow downtrend.  Daily, I think it is overstretched to the upside and ready to give back some of the strong recovery rally. So you might as well hedge your long exposure. $AUDNZD: This currency pair has been massively bullish lately. I think it can end up running to above 1.15 and even up to above 1.20 to test the trendlines shown in the charts. Hopefully, a pullback will present an opportunity to jump in on a long trade first. * All you read here is just my opinion and certainly not investment advice.

This pair has been downtrending for quite a while. Still it shows no signs of bullish tendencies yet. I do expect a pop around 1.1750, if we drop that far. Also, AUD has been week on all fronts recently. Things are lining up for a rally in ozzy dollars, I believe.

This pair should find some support around 1.20