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...
AUDCAD is trading in a wide horizontal trading range on a daily. Approaching its upper boundary, the price formed a descending triangle formation. Its neckline was broken last week. I explain a bearish movement to 0.896 level. ❤️Please, support my work with like, thank you!❤️
AUDUSD / 4H Hello traders, welcome back to another market breakdown. AUDUSD has been trading inside a range, the price has rejected the high of the range again, I'm expecting the price to go to the low of the range again taking the lows. I'll be waiting for my trigger around the previous breakout point. Trade safely, Trader Leo.
As we can clearly see, price is in a bearish phase. It first gave us a reaction of a higher timeframe demand which eventually failed. Price then retraced back up, forming liquidity just below our 1h POI that was left behind when price rallied. This has now provided us an opportunity to catch the rest of the move to the downside through a flip entry that has been...
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...
Fundamental Backdrop Inflation Expectations for NZD dropped from 3.30% to 2.79% q/q, causing AUD to drop from 0.68 to 0.668 last week. Wage Price Index q/q is expected to increase from 0.8% to 0.9% this week, which could lead to a stronger AUD. Employment Change is expected to drop by half and the Unemployment Rate is expected to remain the same, indicating...
Hello Traders NZD dropped hard in the last days of last week. Overall view of AUD/NZD is still bearish but last week's candle changed the situation at least for the short term. We expect AUD will catch this opportunity and relive some of its losses VS NZD (a short correction), otherwise, the price will continue moving downward. Also, some indicators(stochastic)...
Weekly Forex Forecast (May 15 - May 19) AUD/JPY - H4 Chart - Triangle Breakout Rules : 1. Price need to retest and strong Bull back with volume 2. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but...
This is similar to that of cadchf. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on...
Hey Traders, Check this sell trade on EURAUD out. The Market is in complete bearish momentum and the price is making a free fall for it. Watch out for the completion of the pattern, touching the upper band of the channel and then look for a sell opportunity on a smaller timeframe. Stay patient.
Hey Traders, Check this sell opportunity on GBPAUS, after the break of the lower band ascending channel. Price went back up to retest and confluence with the previous OB / supply area. After the break of the ABC pattern, a sell opportunity can be look for. Alternatively, a break above the supply could mean more bullish movement Stay close.
The AUDCHF pair is on a long term Channel Down that has just been rejected on the 1D MA50. The 1D technicals are marginally bearish (RSI = 44.758, MACD = -0.002, ADX = 32.406) meaning that this is still a sell opportunity in its early stages. As in December, target the LL line (TP = 0.580000). ## If you like our free content follow our profile to get more daily...
AUDJPY - 24h expiry Previous support located at 90.00. Previous resistance located at 90.50. 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 levels. We look to Sell at 90.50 (stop at 90.90) Our profit targets will be 89.50 and 89.30 Resistance: 90.25 / 90.50 /...
Sell AUD/CHF @ Ascending Triangle Signal No.3✳️✳️ Sell Aud/Chf @ 0.6018 Tp - 0.5958 & 0.5882 Sl - 0.6050 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
The EURAUD pair is on a strong green 1D candle today, turning 1D technicals neutral again (RSI = 48.319, MACD = 0.001, ADX = 27.956) after the 1D RSI rebounded from a 42.000 three month low yesterday. It did so after crossing under the 1D MA50 for the first time in 2.5 months. As long as S1 holds, we see a lengthy (even 1 month) support formation, inside a long...
We are potentially seeing a double bottom formation on AUDNZD and considering that price is near 88.6% Fibonacci support, which could be the point when the trend reverses to the upside.
The AUDCHF pair reached the bottom (Lower Lows trend-line) of the 2-year Channel Down pattern and rebounded, testing now the 1D MA50 (blue trend-line). Then that 1D MA50 test took place after the RSI on the 1W time-frame rebounded on its Support Zone, all three times the price hit the 1D MA200 (orange trend-line). This can happen a little quicker at 0.62000 or...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out, now waiting for a correction to see a potential retrace from 0.67500 support and resistance area. Trade safe, Joe.