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...
AUDUSD - 24H expiry Short term bias has turned positive. Previous resistance at 0.6435 now becomes support. We look to buy dips. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. 50 4hour EMA is at 0.6442. We look to Buy at 0.6438 (stop at 0.6418) Our profit targets will be 0.6488 and 0.6498...
Conditions for a weaker US dollar have been ripe, with calls for the RBA’s rate to have peaked at 4.1%, deteriorating data from China and ‘higher for longer’ calls for the Fed. And with that, we have seen some outlandish calls for the Aussie to fall to 50 and even 40c. Perhaps those calls will turn out to be right. But the Aussie did not earn its name “the...
The GBPAUD pair hit our previous Buy Target as presented (see chart below) last month: The price has now been pulling back within the 7-month Channel Up in search of the next Higher Low. This should be formed at least on the 1D MA50 (blue trend-line) as it did twice before. As a result, we will wait for that buy opportunity and target 2.01500 (1.236 Fibonacci...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.647 support and resistance zone. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring AUDCAD for a buying opportunity around 0.87300 zone, AUDCAD was trading in a downtrend and successfully managed to break it out, currently we are waiting for a protection in order to see a potential retrace of the trend from 0.87300 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 93.600 zone, AUDJPY is trading is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 93.600 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.96300 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.96300 resistance zone. Trade safe, Joe.