Australian Dollar getting stronger against the EURO. I believe that EURAUD may fall from the current price to the 50% level of Fibonacci. Trade at your own risk.
TP5 @ 0.6485 TP4 @ 0.6470 TP3 @ 0.6425 TP2 @ 0.6395 TP1 @ 0.6350 BLO1 @ 0.6310 ⏳(moderate) BLO2 @ 0.6285 ⏳(conservative) ADDITIONAL INFO: 💵 You can DCA these Buy Orders 📈 Or just place the conservative position 🔑 BLO = Buy Limit Order DCA = Dollar-Cost Average PA = Price Action PB = Pull Back SLO = Sell Limit Order ⏳= PENDING NOTE: Dollar-cost averaging...
The AUDUSD broke through from the upward trendline and the 50% retracement level due to the strength of the DXY overnight. The RBA monetary policy statement released earlier today did little in terms of price volatility as it reinforced the view that the RBA hiked rates due to the recent increase in inflation growth. As the AUDUSD currently trades under the...
Our last signal on the AUDCAD pair (see chart below) was a dip buy within the width of the multi-month Channel Down: The Channel Up is adjusted as on Tuesday, the pair got rejected on the 1D MA200 (orange trend-line) forming the new Lower High. As the same time, the 1D RSI got rejected on its 5-month Resistance Zone and today the sell signal is confirmed by...
AN should be making a turn down, already showing signs...Watch for it. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for...
Nothing lack of news on both GBP and AUD, using this + confirmations on its negative correlation with gold but smaller volatility risk.
Looking to get into buys from the demand level which aligns perfectly with daily and weekly support level.
We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision. That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place. But perhaps the more exciting match ups will be occurring in the forex market....
I'm anticipating price to head towards the Internal Buyside Liquidity in the form of Equal Highs above as a first objective. This bias comes from External Liquidity being raided, with a manipulative move that took it out a second time. A large Daily Sibi was left in its wake, but what was interesting is that price came into, and closed within the Sibi on Thursday,...
Today's focus: AUDUSD Pattern – Range /Distribution? Support – .6287 Resistance – .6520 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Today, we have run over the AUDUSD as price continues to test resistance after Friday's fantastic rally after US employment data sunk the USD. Technically price looks...
But do take note of the key support area now, bias is still on short side. Likewise I am also bearish on GbpAud! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you...
We can see we've just broken out of my channel top after a strong bullish move, but this isn't the first time and we're hitting strong resistance. Swissie has been weak of late, unlike the Aussie, so I believe this can go either way. I'll be looking at longs around 0.589 if resistance is broken, but we may well fall back first. If we fall back below 0.578 then...
The AUDJPY pair is trading within a Channel Up pattern that is currently rising on the 1D MA50 (blue trend-line). A recently formed Bullish Cross on the 1D MA50, calls for a potential short-term pull-back similar to the August 24 MACD Bullish Cross. We will wait for that opportunity near the 1D MA200 and buy, targeting Resistance 1 at...
Having been on hold since June the RBA should hike by 25bp to get the cash rate to 4.35%. We see a 60% chance of a hike priced into interest rate futures, with the market having a high conviction that if they don’t hike next week then they will almost certainly in December. 21 of 24 economists (surveyed by Bloomberg) are calling for the hike. The doves do have...
After consecutive breaks of weak lower lows with lower highs holding strong, a bearish 4h orderflow was evident. Price has been retracing and retesting supply zones up until the latest break of structure(which was too weak). Price has invalidated our latest supply zone and could be striving to reach for a previously unmitigated extreme supply with a huge imbalance...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
TP5 @ 0.6866 TP4 @ 0.6775 TP3 @ 0.6650 TP2 @ 0.6585 TP1 @ 0.6475 BSO @ 0.6375 📈 BLO @ 0.6285 📈 ADDITIONAL INFO: 🤔 PA has pulled back lower than our BSO and triggered our BLO 📈 Both Buy Orders appear to be heading for the moon 🤑 TP's MODIFIED