We saw a lot of confusion in the headlines as to the weakness in AUDUSD yesterday. The RBA meeting had very little to do with it, and the AUD has just been a proxy of Chinese markets. A higher USDCNH and weaker HK50 saw AUD lower, and a simple overlap will highlight this. Weaker China Caixin services PMI data was behind this, so as we look ahead at China trade...
This Pair has much potential to become a Buy setup and hit around the 1.99000 area. The previous Daily candle was a Break of Structure for the 4-hour timeframe, but we'll know to buy if it closes above 1.97282. (As is doing as I'm writing this.) I'll get on this trade after it closes so I'll probably wait an hour, we need a solid close. SL would be around...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Good day, traders. On a four-hour timeframe, GBPAUD is displaying a bearish continuation pattern. I'll be keeping an eye on the price movement in the 1.9622 Zone for a chance to go short on it with a target price of 1.9500. Use effective risk management. Like and subscribe to help me with my efforts.
Good day, Trader Once I get adequate confirmation at the 1.6488 resistance level and a take profit in the 0.64203 region, I will start shorting AUDUSD. In RR 1:2, effective risk management is used. Please like and follow me if you appreciate my work.
EURAUD reached a key daily resistance. The price formed a double top pattern on that on an hourly time frame. The neckline of the pattern is broken. I expect a retracement to 1.6807 / 1.6786 ❤️Please, support my work with like, thank you!❤️
EUR/AUD remains within an established uptrend on the daily chart, and a 3-wave countertrend move has formed. It is trying to build a base above the 50-day EMA and July high, which paints a near-term bullish bias whilst prices remain above 1.66. We're not yet sure whether we're at or near the end of a 3-wave correction, or if this is simply the first leg lower...
Hello traders! Tomorrow is Australia rate decision. After the meeting, if we see the trend-line is broken, we'll set some sell orders around the level.
The RBA is set to decide on rates tomorrow, with the decision likely to hold cash rate at 4.10% Last month when the RBA held rates, the AUDUSD dropped. Looking for a similar move, especially with the AUDUSD trading along the 0.6465 support level. A break to the downside could see price test the next support level of 0.6380
The possibility of climbing from this area to the ceiling
Hey Traders, in today’s trading session we are monitoring AUDCAD for a selling opportunity around 0.89 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89 resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD 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 0.64700 support and resistance zone. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for sell setups around the upper bound of the orange channel. EURAUD rejected our resistance, traded lower, and now approaching the lower bound of the channel. Moreover, the zone 1.655 is a strong support. ...
The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a...
AUDUSD - 24h expiry Short term bias has turned positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 0.6462. Bespoke support is located at 0.6460. We look to buy dips. We look to Buy at 0.6461 (stop at 0.6441) Our profit targets will be 0.6511 and 0.6531...
The EURAUD pair is trading within a Channel Up pattern since mid-September 2022 and appears to have priced the new Higher High as the 1D RSI replicated the top pattern of the previous Higher Highs. We are still early in the technical pull-back that should be priced below the 1D MA100 (green trend-line) at a minimum of -4.55% from the High. As a result our target...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPAUD has been overall bullish trading inside the rising channel in blue, and it is currently approaching the lower trendline. Moreover, the 1.94 is a strong support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the...