Fundamental Backdrop 1. Last week the AUD increased its Cash Rate from 3.60% to 3.85%. 2. It signals to the market that the economy is performing well and that inflation is likely to rise. 3. This can increase demand for Australian assets, such as bonds and equities, which in turn can lead to an increase in demand for the Australian dollar. Technical...
Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.67500 zone, AUDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.67500 support and resistance zone. Trade safe, Joe.
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Hey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 92 zone, AUDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 92 support and resistance zone. Trade safe, Joe.
AUDUSD - 24h expiry We are trading at overbought extremes. Indecisive price action has resulted in sideways congestion on the intraday chart. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Previous resistance located at 0.6793. The hourly chart technicals suggests further upside...
The AUDCAD pair is on the 1D MA50 for the third successive day, which is also the top of the Channel Down pattern. The 1D technicals have turned neutral (RSI = 52.833, MACD = -0.001, ADX = 23.757), indicating that this is technically a firm sell entry. We will use this opportunity to short and target the S3 (TP = 0.88650) as all the Higher Lows of the uptrend...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.669 zone, AUDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.669 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 89.800 zone, AUDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 89.800 Resistance zone. Trade safe, Joe.
EUR/AUD - H1 CHart - Price Breaks Triangle Pattern Signal No.1✳️✳️ Sell Eur/Aud @ 1.6625 Tp - 1.6494 & 1.6357 Sl - 1.6720 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💛💛
EURAUD / 1D Hello traders, welcome back to another market breakdown. EURAUD has broken from a Key Level. I'll be waiting for the price to test back the breakout point for a long position. Please note this is not a signal, the signal with entry, SL and one TP will be shared with VIP members after price action confirmation on a lower time frame. Trade...
Today's focus AUDCHF Pattern – LH - Continuation Possible targets – .5920 .5875 Support – .5951 Resistance – .5875 Indicator support – MA sloping down, CCI 0 Cross Hi and welcome to today’s update. Today we are watching the AUDCHF and wondering if we will see a new continuation lower that will maintain the current downtrend. Yesterday buyers made a solid move...
AUDUSD has been ranging horizontally at 61.8 FIB LEVEL on the daily data. This level has been a reliable major support so far. Accumulation / net buying has transpired already. Expect some major shift on trend soon (upside). Visual chart queues: The white stair line is about to touch the black "positive/plus sign" conveying a pending major trend shift to the...
• Despite the hawkish surprise by the RBA yesterday, raising interest rates unexpectedly we are experiencing a fading momentum of the bullish reaction • Reason behind this might be lack of conviction within the buyers • US Dollar strength is back in the markets amid renewed fears amid banking woes and recession adding to that pricing of a continued Federal...
The AUDCAD pair hit today the 1D MA50 (blue trend-line) for the first time in more than two months (since February 22). By doing so, it has approached both the Channel's top (Lower Highs trend-line) and Resistance 1 (0.912750) of the April 03 High. With the 1W RSI still far from its Support/ Buy Zone, we treat today's rise as a sell opportunity and short towards...
On EURAUD, we have a market that is consolidating on a demand zone after a sharp decline of 160 pips this morning following the release of the interest rate data in Australia. The goal now is to wait for a breakout of the high first in the 1.6403 area before looking for a rebound to enter long. Let me know what you think. Have a nice trading. Forex48 Trading Academy
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67 zone, AUDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.67 support and resistance zone. We just had a 25 bps today from the RBA which should push the fed to follow up and make further...
SELL @ 1.08300 Sl @ 1.08850 Tp @ 1.06000 Price has broken out of trendline and came down 150pips since but bounced off the structure zone. Price has retraced to the .618 fib and rejected. Entries on .618 and sl right above the .786 fib.
SHOUT OUT TO: @Palarche-Capital for suggesting this instrument 00:00 We're up +79 pips 00:41 Modified TPs 01:06 Counter-Trend Trading 01:31 JOLTS US Market Trading Session @ 07:00 PT 01:57 Boost, Follow, Comment, Join