A1 Trading Company

Ticker tape by TradingView

May 20, 2021

Trade Ideas for AJ, DOGE, GOLD

Frank Cabibi

Aussie Beats Employment Expectations, DOGE Recovers Yesterday's Losses
5/20/2021

AUD/JPY Analysis 
AJ comes down to a trend line and bounces up on the 4H chart. News came out today on Australia's employment numbers which beat expectations. This bullish Aussie news could fuel a higher rally for the pair here and going into next week. The low 85.0000s range looks like heavy resistance in which it will have to close above to keep bullish momentum.
DOGE/USD Analysis 
Dogecoin had a clear breakout to the downside marking a big bearish signal on the 4H chart. Since the dip in the crypto market, doge has found its way back up into the $0.40s which is a good sign for bulls, however, there is big resistance in the way at $0.45. The coin has been in a downtrend since early May, so price might be trading in that direction for the time being. Doge just needs a good technical breakout above 45 cents to start changing direction.
Gold Analysis 
Gold spiked up to the $1890s before coming back to the $1870s and consolidating on the 1D chart. The only clear resistance I can see is up in the $1950s where there is a double top. But, if price can hit $1900, it will definitely catch investors' eyes who will see more demand in the metal.

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
Best Currency to Buy?

As the fiscal year comes to a close, consumers will likely finish shopping for the holidays, and traders and investors will get some respite thanks to a long weekend due to bank holidays around the world. While concerns about further stock market selloffs may be lingering in the minds of some, a promising set of […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram