The GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9: The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a...
Fast intraday search through my watchlist. You can follow the price with candle confirmation or whatever strategy you have. None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price...
A 2-bar bearish reversal pattern has formed at a historical resistance zone just below 96. Prior breaks above it in June and September failed last year. On both occasions the market fell near the 91 area before retesting the resistance zone, and in October we saw prices accelerate lower. What could trigger such a move this time around? Whilst nobody is expecting...
Australian Dollar Japanese Yen traded at 94.2260 this Tuesday June 13th, increasing 0.0160 or 0.02 percent since the previous trading session. Looking back, over the last four weeks, AUDJPY gained 3.35 percent. Over the last 12 months, its price rose by 1.26 percent. Looking ahead, we forecast Australian Dollar Japanese Yen to be priced at 93.7636 by the end of...
The AUDNZD pair is consolidating on the 1D MA50 (blue trend-line) for 4 straight 1D candles, having formed a 1D Golden Cross last week. Even though that is a technically bullish formation, as long as it doesn't break above the 1.093250 Symmetrical Resistance, a rejection seems more probable. As long as it holds, we will sell and target the Higher Lows trend-line...
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.89500 support and resistance zone. Trade safe, Joe.
We have head and shoyder & Demand and break of neck So we should buy throw confirm signal
AUD/USD pulled back for a second day on Monday thanks to weak data from China and rising geopolitical tensions as Russia have backed to of a key gain deal. Support was found around the weekly pivot point, RBA ‘pause’ high and 38.2% Fibonacci retracement level, and the subsequent rally suggests a swing low is in place. The RBA minutes are due in ~2 hours, and...
A strong 2-day rally this week suggests AUD/NZD has printed its swing low at 1.07266. Whilst NZ inflation data was stronger than expected in Q2 and saw AUD/ZD pull back to 1.0800, we suspect it is still lower from the prior reads to allow the RBNZ to hold rates steady with an economy already in a recession. We therefore see today's retracement lower to 1.080 as...
AUDCHF is trading inside a Channel Down pattern for more than one year with the 1D timeframe bearish (RSI = 38.270, MACD = -0.004, ADX = 43.501) as the price is under its middle and the 1D MA50. The 1D MA200 is located exactly on its top. The 1D MACD is in the process of completing a Bullish Cross, which has been a strong buy signal inside this pattern. Even...
AUDJPY we have pattern Zone to Sell ……………. …………. ………
Hey Traders, in today's trading session we are monitoring AUDCHF for a buying opportunity around 0.58500 zone, AUDCHF was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.58500 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89200 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 0.89200 support and resistance area. Trade safe, Joe.
Two positions.. first one is in lower timeframes .. and the second one is in higher timeframes. That's what I'm looking for .. and I'm waiting for confirmation for higher timeframes .. which I like most. PS. Leave your comments and thoughts.
High-risk position from what I posted before. We have been following the price for some time now. The price broke the trend line .. now doing a pullback. .. I entered as I posted. It's all about probability.. remember risk management. PS. Leave your comments and thoughts.
For this week, I'm looking at GBP/USD for opportunities to enter sell positions, as I showed on the chart .. the price has been moving in a trading range ( NOT A CLEAN ONE) for some time now. We have a resistance zone where the price had been rejected a couple of times .. last week, the price broke the resistance for 10 hours max but came back to our range with...
Still a bit early to confirm the low, price still need a spike above the resistant for a retest higher. DXY just closed the gap earlier, may lend short term strength and move higher. Real move to be confirm after FED interest rate decision.
AUDUSD is taking off from a wide horizontal zone of confluence based on a demand cluster and 618 retracement of the last bullish impulse. The price formed a double bottom pattern on that as a confirmation. Goals: 0.68 / 0.683 ❤️Please, support my work with like, thank you!❤️