Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88300 support and resistance area. Trade safe, Joe.
Price is currently on a support level and could reverse from this level to our take profit Entry: 0.64818 Why we like it: There is a pullback support Stop loss: 0.64493 Why we like it: There is a pullback support Take profit: 0.65090 Why we like it: There is a pullback resistance that aligns with the 50% Fibonacci retracement Please be advised that the...
AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we...
AUDJPY - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 98.60. Price action looks to be forming a bottom. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 99.00 will confirm the bullish momentum. We look to Buy...
The AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension. As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236...
Hey Traders, Check out this technical analysis on AUDUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation. However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the...
Hey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.08500 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08500 support and resistance area. Trade safe, Joe.
AUDUSD - Intraday The primary trend remains bearish. The sequence for trading is lower lows and highs. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Rallies should be capped by yesterday's high. Bespoke resistance is located at 0.6520. We look to Sell at 0.6527 (stop at 0.6547) Our profit targets will be...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. Trade safe, Joe.
Here is my outlook on AUDUSD. Price recently got rejected at a Monthly Bisi which is also a Weekly Orderblock, and started to shape some up movement. My bias for this to continue is that buyside trendline liquidity residing above, coupled with the significance of a higher timeframe Discount Array. On the lower timeframes there is more buyside liquidity engineered...
The AUDJPY pair has recently hit our long-term bullish Target of 99.300, which we set on our last trading idea (December 18 2023, see chart below): That was at the top (Higher Highs trend-line) and the 1.136 Fibonacci extension of the 9-month Channel Up. We are technically expecting a pull-back now towards the bottom (Higher Lows trend-line) of the Channel Up...
GBPAUD - 24h expiry Price action has continued to range within a rectangle formation. A lower correction is expected. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9385. We look to Sell at 1.9385 (stop at 1.9425) Our profit targets will be 1.9285 and 1.9265...
Hello Traders AUD/USD moving down in 5 Elliot wave impulse waves. After the first 5 wave impulse, AUD/USD made an ABC correction. Afterward, we faced a big drop in AUD/USD indicating that the price desires lower levels and has started another 5-wave impulse. So we believe every correction is a sell opportunity for this pair. Our technical view has been shown...
Hello Traders it looks like AUD/NZD is starting a new wave dive down into 1.035. The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C. Our technical view has been shown in the chart. If you like it then Support us by Like,...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDUSD has been overall bullish , trading within the rising wedge pattern in red. Currently, AUDUSD is approaching the lower bound of the wedge. Moreover, it is retesting a strong demand in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups...
AUDUSD - 24h expiry The primary trend remains bearish. The rally has posted a correction count on the daily chart. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 0.6560. We look to Sell at 0.6560 (stop at...
In the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday. Economic data in Europe will be limited this week due to the Easter break, with major bourses closed for Good Friday and Easter Monday. Perhaps the only...