Here is a classic example of a top-down confirmation setup: after a breakout of a key support on a daily, AUDCAD retested that. The price was steadily growing within a bearish flag formation. The text of structure triggered a strong bearish reaction and the price violated a support of the flag. It confirms the strength of the sellers and a highly probable...
Hey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.07300 zone, AUDNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.07300 support and resistance area. Trade safe, Joe.
Today's focus: AUDUSD Pattern – Support hold Support – .6285 Resistance – .6425 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Currently, we are watching price from 6285 support; if this level can hold and the USD continues to push lower, we will look for further upside from the AUDUSD. If buyers can get...
Hey Traders, in tomorrow's trading session we are monitoring AUDCAD for a selling opportunity around 0.86300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86300 support and resistance area. Trade safe, Joe.
Watching for it to break up higher from here, let's see.It might also sideway or go lower to test the up trendline... **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...
Hey Traders, in the coming week we are monitoring AUDCHF opportunity around 0.57400 zone, AUDCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.57400 support and resistance zone. Trade safe, Joe.
This pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained. We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce. I generally look at correlation...
We can see this pair respecting the channel and I think it will continue. Getting ready for the transition to bullish momentum with USD running out of steam and the aussie picking up.
Hello traders, 93.500 Could also be a good place to enter long trades. We'll watch this market!
GBPAUD looks quite overbought to me. We see a clear sign of strength of the sellers with a breakout of a neckline of a double top formation and a violation of a support line of a rising wedge. I expect a retracement to 1.92445 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring EURAUD for a buying opportunity around 1.66250 zone, EURAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.66250 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.92400 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.92400 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90500 zone, USDCHF was trading in a downtrend and successfully managed to break it out and currently is in a correction phase in which it is approaching the retrace area at 0.90500 support and resistance area. Trade safe, Joe.
AUDJPY - 24h expiry A lower correction is expected. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 94.75 will confirm the bullish momentum. The measured move target is 95.50. We look to Buy at 94.00 (stop at 93.60) Our profit targets will be 95.00 and 95.50 Resistance: 94.75 / 95.00 /...
The AUDJPY pair is testing the 1day MA50 today having formed Lower Highs since the June 19th peak. If the 1day MA50 breaks, the MA200 should be put up for testing but it is more likely to test the July 28th Low as the same weak pattern did in 2022. Sell and target 92.000 (over the 0.5 Fibonacci level). Follow us, like the idea and leave a comment below!!
It has touched the 3x both downwards and upwards! This could lead to a breakout! The exchange rate has been unable to move normally for many days now, they just keep jerking it around. Based on the news, I expect that this week they will pull it up, and we can finally stay above the weekly level, and then the rally can start! What is your opinion on this?
AUDCAD have been ranging for a while till the CPI news gave us momentum. I predict this to get to September's low at 0.85643, but before that happens, it is projected to retest our resistance zone before it sells.
Likely more down side. **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 me, you can gift me some coins on tradingview!...