Short-term Trading Idea FX AUD/USD – Bull Speculation: Double Bottom Receives its Confirmation
Sunday,06/03/2016|16:16GMTby
Alpari News
Trading opportunities for currency pair: a double bottom has come off and was confirmed on Friday when the quotes headed ...
Trading opportunities for currency pair: a double bottom has come off and was confirmed on Friday when the quotes headed above 0.7390. Due to a restoral of the oil price to $38.92, the AUD/USD has risen to 0.7435. Growth of Brent to $40.50 will see the AUD/USD lift to 0.7560 (by 20th March), if it hits 42.50 then the rate will rise to 0.7670 (by 10th April). Any strengthening of the Aussie will be cancelled out with a close of the daily candle below 0.7230.
Background
The last Aussie dollar idea I made came out on 25th January. At publication, it was going for 0.7003 against the USD. Back then there was a candle formation of bull divergence on the weekly which was an Aussie buy signal. The candle model and the double bull divergence came off. The AUD/USD strengthened above 0.7155 and reached the 0.7325 calculated level.
The AUD rally started on 20th January with Brent turning around from $27.08. The growth of the quotes began after the Australian central bank kept its interest rate unchanged at 2%. The RBA confirmed that inflation would be the cause of any drop of the rate, but market participants ignored this announcement.
Fresh stats were then published. Retail sales were up, GDP in Q4 was up by 0.6% against a 0.4% forecast. Data for Q3 was reassessed upwards from 0.9% to 1.1%. Aussie GDP was up 3.0% YoY (reassessed from 2.7%, previous: 2.7%, forecasted: 2.5%).
Current Situation
Due to a restoral of oil prices to $38.92, the AUD/USD rose to 0.7435. So what should we be looking at? If we make a channel along L0.6907 – L0.6826 – H0.7439 – H0.7384,we see that the AUD/USD has broken through the upper limit of the channel.
A growth of Brent to $40.50 will see the AUD/USD rise to 0.7560 and if it hits $42.50 then the rate will rise to 0.7670. The strengthening of the Aussie will cancel out with a close of the daily candle below 0.7230. A perfect working of the rate will leave us above the upper limit of the bkb channel at 0.7345.
Why not take advantage of the improved version of the Trader"s Calculator.
Trading opportunities for currency pair: a double bottom has come off and was confirmed on Friday when the quotes headed above 0.7390. Due to a restoral of the oil price to $38.92, the AUD/USD has risen to 0.7435. Growth of Brent to $40.50 will see the AUD/USD lift to 0.7560 (by 20th March), if it hits 42.50 then the rate will rise to 0.7670 (by 10th April). Any strengthening of the Aussie will be cancelled out with a close of the daily candle below 0.7230.
Background
The last Aussie dollar idea I made came out on 25th January. At publication, it was going for 0.7003 against the USD. Back then there was a candle formation of bull divergence on the weekly which was an Aussie buy signal. The candle model and the double bull divergence came off. The AUD/USD strengthened above 0.7155 and reached the 0.7325 calculated level.
The AUD rally started on 20th January with Brent turning around from $27.08. The growth of the quotes began after the Australian central bank kept its interest rate unchanged at 2%. The RBA confirmed that inflation would be the cause of any drop of the rate, but market participants ignored this announcement.
Fresh stats were then published. Retail sales were up, GDP in Q4 was up by 0.6% against a 0.4% forecast. Data for Q3 was reassessed upwards from 0.9% to 1.1%. Aussie GDP was up 3.0% YoY (reassessed from 2.7%, previous: 2.7%, forecasted: 2.5%).
Current Situation
Due to a restoral of oil prices to $38.92, the AUD/USD rose to 0.7435. So what should we be looking at? If we make a channel along L0.6907 – L0.6826 – H0.7439 – H0.7384,we see that the AUD/USD has broken through the upper limit of the channel.
A growth of Brent to $40.50 will see the AUD/USD rise to 0.7560 and if it hits $42.50 then the rate will rise to 0.7670. The strengthening of the Aussie will cancel out with a close of the daily candle below 0.7230. A perfect working of the rate will leave us above the upper limit of the bkb channel at 0.7345.
Why not take advantage of the improved version of the Trader"s Calculator.
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- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
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Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
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Lights on. Cameras ready. 🎬
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#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
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➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
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Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
