Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.87200 zone, GBPAUD is trading in an uptrend and currently in a correction phase in which it is approaching the uptrend at 1.87200 support and resistance zone. Trade safe, Joe.
Fundamental Backdrop Employment Change dropped from 61.1K to -4.3k, far worst than the forecast of 24.8K. This shows that consumer spending has decreased leading to overall economic activity dropping. Unemployment Rate increased from 3.5% to 3.7%, which shows overall economic health has weakened significantly Technical Confluences Near-term support at...
AUDUSD - 24h expiry There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.6629. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Indecisive price...
GBPAUD - 24h expiry Previous support located at 1.8740. Previous resistance located at 1.8800. Broken out of the triangle formation to the upside. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8715 (stop at 1.8650) Our profit targets will be 1.8825 and 1.8850 Resistance: 1.8800 / 1.8850 /...
SLO @ 0.7130 ⏳ TP4 @ 0.7115 TP3 @ 0.7033 TP2 @ 0.6925 TP1 @ 0.6750 BSO @ 0.6650 📈 BLO @ 0.6585 ADDITIONAL INFO: * The pair is currently trading below the 200-day moving average, which is a bearish signal. * The RSI is below 50, which is also a bearish signal. * The MACD is crossing below the signal line, which is another bearish signal. Based on these technical...
Hey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.60200 zone, AUDCHF is trading in a downtrend and currently in a correction phase in which it is approaching the major trend at 0.60200 support and resistance zone. Trade safe, Joe.
- Triple bottom - Break from downtrend - Retest of support matched with downtrend line PLAN - Look for entries on higher highs and higher lows - Role reversals
Since the recent high at 0.95, AudCad has started a clear downtrend and in the past trading month, the pair is consolidating losses above important support from the 0.89 zone. Pressure is on the sell side and I expect this support to be broken. In conclusion, rallies above 0.9 should be sold and the target for swing traders could be 0.8750 zone support. A daily...
Fundamental Backdrop Wage Price Index q/q maintained at 0.8% which shows that consumer inflation maintaining could lead the Central Bank to pause interest rates. Tomorrow's employment Change is expected to drop by half and the Unemployment Rate is expected to remain the same, indicating a weakening economy. Technical Confluences Near-term support at...
SELL @ 1.88600 Sl @ 1.89280 Tp @ 1.85000 ...........................................................
Australia: Jobs, wage data and RBA minutes on tap Australia’s labor market data is out on Thursday and expected to show the addition of 25k jobs in April after 53k jobs added in March, with the unemployment and participation rates seen steady at 3.5% and 66.7% respectively. Just a day ahead of this release, we also get the Q1 wage price index which could be a...
Update for my yesterday's post for AUDCAD. The pair retested the broken neckline of a triangle on a daily. And you know what. Retesting that, it formed the same tiny little triangle on 1H time frame and broke its neckline as well. It gives a strong intraday confirmation. The pair will most likely keep falling to 0.8977 ❤️Please, support my work with like,...
BUY @ 0.90000 Sl @ 0.89350 Tp @ 0.94000 See below for this weeks setups
AUDUSD 2H DATA IS CONFIRMING 4 CONFLUENCES. Net buyers have started positioning. Volume is increasing. Expect some reversal to the upside from the current price level. SPOTTED at 0.664. TAYOR. safeguard capital always.
Today we say the break above the downtrend trendline, and this is after the uptrend trendline has been respected. HH and HL pattern validates an uptrend and we should continue the price journey north. A little pullback is healthy, and this is where we'll go for our long position.
AUDUSD is inside a Channel Up with the 1day MA100 on its top and the 1day MA50 in the middle. Buy on the short term and target the Channel's top at 0.68150. Price closing over the Channel Up equals buy, Target 0.7000. Price closing under Support A equals sell, Target 0.6400. Follow us, like the idea and leave a comment below!!
TP3 @ 0.7033 TP2 @ 0.6925 TP1 @ 0.6750 BSO @ 0.6707 ⏳ BLO1 @ 0.6550 ⏳ BLO2 @ 0.6585 ⏳ 00:00 US Dollar Index Analysis 01:48 AUDUSD Curve Analysis 02:11 Buy Orders 02:36 Risk-to-Reward 03:34 Take Profits 03:50 Possible Sell Order 04:17 Boost, Follow, Comment, Join
AUDJPY - 24h expiry The downward trending resistance line at 91.30 should provide the ideal target and fade level as medium term bears build positions into the current strength. Previous support level of 90.50 broken. The trend of higher intraday lows has also been broken. Further downside is expected. Risk/Reward would be poor to call a sell from current...