Greetings Traders, In tomorrow's trading session, our attention is on EURAUD as we actively explore a potential selling opportunity around the 1.63000 zone. Engaged in a downtrend, EURAUD signifies a sustained downward trajectory, reflecting prevailing market sentiment. Concurrently, the currency pair is undergoing a correction phase, steadily converging towards...
Most major markets have been breaking All-Time-Highs. Momentum is still strongly bullish. Currently in a Bullish Outbreak, occurring after two same-sized retracements (represented by congruent grey rectangles). No indication of reversal, expecting price to continue hitting new highs. Preparing for Long positions after appropriate candlestick close. Keep an...
This is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down: As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel...
EURAUD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.6150. Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.6225 will confirm the bullish momentum. We look to Buy at 1.6190 (stop at 1.6154)...
Our last analysis on the AUDNZD pair was on November 16 (see chart below) and so far has hit one of our two targets: At the moment the price is struggling on the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Zone, where it has failed since Dec 13 and on every single candle to close it above the 1D MA50. If it does, expect the continuation of the...
Greetings Traders, In today's trading session, our focus is on AUDCAD as we actively monitor a potential buying opportunity around the 0.89600 zone. Operating within an uptrend, AUDCAD exhibits a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the critical 0.89600 support...
AUDNZD resistance zone coming up and waiting for entry confirmation. Let me know what you think!
Greetings Traders, In tomorrow's trading session, our attention is directed towards AUDUSD as we actively monitor a potential buying opportunity around the 0.68200 zone. Operating within an uptrend, AUDUSD exhibits a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the...
Aud Economy is looking positive When assessing all of the data for Australia, the economy is in a much more stable place which would have been one of the goals from the people who lead and set the countries monetary and fiscal policies. Inflation has hit its peak 4 quarters ago and has been stepping down slowly before reaching the RBA’s target of 2.5 by 2025,...
Greetings Traders, In today's trading session, our focus is on EURAUD as we actively monitor a potential selling opportunity around the 1.62200 zone. Operating within a downtrend, EURAUD exhibits a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 1.62200 support...
EURAUD finally managed to violate a solid 1.623 - 1.630 demand zone. After multiple breakout attempts, the pair closed below that structure. It now turned into a supply area. We may expect a bearish movement lower. Goals: 1.603 / 1.590 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89300 zone, AUDCAD was trading in a downtrend and currently seems to be attempting to break it out. if we get further rallies above the resistance we will seek for a potential retrace of the trend towards more highs. Trade safe, Joe.
Hello TradingView Family / Fellow Traders, 📈 EURAUD has been overall bearish , trading inside the falling channel in red and it is currently approaching the lower red trendline. Moreover, the zone 1.6 is a robust support level. 🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the...
The AUDCAD pair is trading within a Channel Up pattern that has currently been rejected twice on Resistance 1 (0.905500). With the 1D MA50 (blue trend-line) crossing today (or tomorrow the latest) above the 1D MA200 (orange trend-line) to complete a 1D Golden Cross, and the 1D MACD forming now a Bullish Cross, we have a strong case for a break-out above Resistance...
Greetings fellow traders, The upcoming trajectory is set to follow the purple path based on the mid-term analysis. For intraday considerations, two potential setups emerge: A prospect at the bottom of the channel, though I advise caution. I am willing to take a quarter of the usual risk for this setup. Alternatively, the purple zone nested within the yellow...
1H chart short setup idea! Let me know what you think!
PAIR: AUDCHF On both the 1H and 4H timeframe, we can notice continuous bounces off the 0.57275 level Price then climbed sharply and has been consolidating in a triangle pattern. This could be a signal for continued upside movement in the near future. This trade setup will be invalid when price breaks under 0.57880
EURAUD short retest setup coming on EURAUD. If price breaks lower, I will be looking for a short retest trade! Let me know what you think!