AUDUSD (Aussie) Currency has fallen 250 points in both cases after the breakout (once on & after 11-Nov-2016 and then again on & after 14-Dec-2016).
The AUDUSD currency pair, also known as the Aussie, is one of the most widely traded currency pairs in the world.
The AUDUSD exchange rate represents the value of the Australian dollar (AUD) expressed in terms of the US dollar (USD). This means that if the AUDUSD exchange rate is 0.75, then it takes 0.75 US dollars to buy one Australian dollar.
In November and December of 2016, the AUDUSD currency pair experienced significant price movements. After breaking out from its trading range, the currency fell 250 points in both cases. This event had a significant impact on traders and investors who were trading this currency pair.
The first breakout occurred on November 11, 2016. The currency pair had been trading in a range between 0.76 and 0.78 for several weeks, but it finally broke above the resistance level of 0.78. However, the breakout was short-lived as the currency quickly fell back below the resistance level. In the following days, the AUDUSD exchange rate fell by 250 points, reaching a low of 0.7550 on November 15.
The second breakout occurred on December 14, 2016. The currency pair had been trading in a range between 0.74 and 0.75 for several weeks, but it finally broke below the support level of 0.74. This time, the breakout was more significant as the currency continued to fall below the support level. In the following days, the AUDUSD exchange rate fell by 250 points, reaching a low of 0.7150 on December 23.
The reasons behind the currency’s fall are complex and multifaceted. One possible explanation for the fall is that the US dollar strengthened against the Australian dollar. This could have been due to a number of factors, including a stronger US economy, higher interest rates in the US, and political uncertainty in Australia. Another possible explanation is that there was a shift in market sentiment. Traders may have become more bearish on the Australian dollar, leading them to sell the currency and causing its price to fall.
Regardless of the reasons behind the currency’s fall, it had a significant impact on traders and investors who were trading the AUDUSD currency pair. Those who had gone long on the currency pair, expecting it to rise, would have suffered losses as the currency fell. Conversely, those who had gone short on the currency pair, expecting it to fall, would have profited from the price movement.
In conclusion, the AUDUSD currency pair fell 250 points in both cases after the breakout in November and December of 2016. The reasons behind the currency’s fall are complex and multifaceted, but it had a significant impact on traders and investors who were trading the currency pair. The event serves as a reminder of the importance of understanding market sentiment and being prepared for unexpected price movements when trading currencies.
To know more how to look for opportunities in this market please visit https://www.npfinancials.com.au/contact-us/
The process of becoming a successful trader can be challenging and requires a drive towards constant self-improvement. It’s a competitive industry, and the quality of training and legitimacy can vary greatly. Traders must be careful when selecting a training program and ensure that it meets the highest standards to ensure success.
N P Financials is a training company that has made a significant impact on the trading industry by adhering to the highest standards of training and education. The company offers a range of programs to help traders of all levels improve their skills and knowledge, from beginner traders to experienced professionals.
One of the key features of N P Financials’ training programs is the focus on practical skills and real-world experience. The company believes that the best way to learn is by doing, and as such, they provide traders with hands-on experience through simulated trading environments. This allows traders to practice their skills in a safe and controlled environment before putting their strategies to the test in the live market.
N P Financials’ training programs also emphasize the importance of risk management and developing a trading plan. The company recognizes that risk management is essential to long-term success in trading and provides traders with the tools and knowledge they need to manage their risk effectively. Additionally, the company’s focus on developing a trading plan helps traders to approach the market with a clear strategy and a defined set of rules, which can help to minimize emotional decision-making and improve overall trading performance.
In addition to their practical approach to training, N P Financials is also known for their commitment to ethical standards and transparency. The company is dedicated to providing traders with honest and unbiased education, and they pride themselves on their reputation for integrity and professionalism. This commitment to ethical standards and transparency has helped to set N P Financials apart from other training companies and has made them a trusted resource for traders around the world.
Finally, N P Financials offers ongoing support to traders through their community of alumni and mentorship programs. The company recognizes that trading can be a solitary pursuit, and as such, they provide traders with opportunities to connect with other like-minded individuals and receive support and guidance from experienced mentors. This ongoing support helps traders to stay motivated and engaged, and it can be a valuable resource for those who are just starting out in the industry.
In conclusion, becoming a successful trader requires dedication, hard work, and access to quality training and education. N P Financials has made a significant impact on the trading industry by adhering to the highest standards of training and education, emphasizing practical skills and real-world experience, and prioritizing ethical standards and transparency. Their commitment to ongoing support through alumni and mentorship programs has helped to create a community of traders who are dedicated to constant self-improvement and success. If you’re looking for a training program that can help you improve your trading skills and achieve your goals, N P Financials is definitely worth considering.
Why Learn From Us
On completion of the “Basics of Trading” course, You will develop an In-depth understanding of Fundamentals factors moving Markets. You will be able to clearly understand the Market Jargon e.g. Swaps, Spread, Slippage etc.
Start your trading journey well informed! This comprehensive course will provide you with a deep understanding of the fundamental factors affecting markets and an appreciation for market jargon. Equip yourself to enter today’s financial world, confident in your knowledge – no more swappin’ swaps or slippage slips trippin’.
earn Trading from our full time Professional Trader. This is a step by step hand holding program designed keeping in mind your learning progression.
Full time professional trader from NPF (Professional Proprietary Trading firm) will be your own personal coach for 3 months. It will give you twelve, one-on-one coaching sessions. You will be attending one monthly Seminar.
Full time professional trader from N P Financials will be your own personal coach for 6 months. You will be introduced to our Proprietary Trading Edge. It will give you twenty-four, one-on-one coaching sessions.
Full time professional trader from N P Financials will be your own personal coach for 9 months. You will be introduced to our Proprietary Trading Edges.
Full time professional trader from N P Financials will be your own personal coach for 12 months. You will be introduced to our Proprietary Trading Edges. The Proprietary Forex Trading Edge will give you twenty-four one on ones with a professional trader. You’ll be attending three monthly classes and getting access to 335 pages of content detailing intricacies in forex trading as well! You will be given the opportunity to create your own personalized coaching plan that is tailored specifically for you.
A full-time professional trader from N P Financials will be your own personal coach for 3-6 months. You will be trained on how to learn the Market Programming Language.
A full-time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Develop your Market Scanning Edge.
Full time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Build your Trading Edge.
Take Advantage of On-Demand Learning from popular One Day Courses. Identify Correct and Relevant Market Reversals through advance Candle-Stick Charting. Understand Market Evaluation through our specialized Fibonacci Techniques. Understand correct Price Plot Patterns.
Learn how to Trade the most powerful Market: Commodity Market. Dedicate 6 months of your time to master the ins and outs of the raw material Markets. Enjoy our advanced Commodity Trading Strategy features. Identify Imbalance in Demand and Supply and Trade the same to your Advantage. Become a Commodity Trader in 18 hours. Master the ins and outs of the raw material Markets. Enjoy our advanced Trading Commodity features. Identify Imbalance in Demand and Supply and Trade the same to your Advantage.
Learn how to Trade the Directional Share Market. Get mentored in the art and science of Share Trading in our proprietary 6 months developmental course. Derive benefit from our effective Share Trading Strategies.
Know how Supply and Demand creates Markets Dynamics, the Inner Working of different Markets and how to Adopt to rapidly changing Market conditions.
Engross yourself to correct your Trading understanding in our 2 hours long Monthly Trader Sessions. Meet other Professional Traders who have taken their Trading to higher level. This is an opportunity to absorb What it Takes to be a Trader.
Learn our Proprietary Market Mapping with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne
Know how different Markets can be Mapped as if you are using our Market Navigation System to Navigate through Markets. Our Proprietary Market Mapping understanding will help you to Identify the Prevailing Trends.
Identify high probability Price Reversal/ continuation Zones. Derive Benefits from Unique understanding of our Proprietary Demand Supply Trading methodologies
How the hardest part of Price Action can be understood through simple and step by step approach. If you are planning to be a Serious Trader, then this methodology is for you.
Know the Elements required to plot the Structure of any Market and how You can identify the different Aspects of separate Market Structure(s) for your Trading benefit.