The AUDUSD pair has reached a support level, with a divergence appearing on momentum indicators. This could lead to a corrective movement, with a retest of the channel it escaped from, the 100 and 200 moving averages for the 4-hour timeframe, and the Fibonacci level of 38.20% around 0.66630. The price is then expected to drop towards 0.6550. Please share your...
5:1 Reward:Risk ratio. It is AUDCAD on a daily chart. If this oversold pair does not rise at this level, then the level below is a good level. AUD is the most oversold than the rest of the G10 FX with an economical growth pattern that has not showed up on the charts yet. What's more, AUD has a lot of padding compared to CAD in its real estate market from its...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90600 zone, AUDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.906 supply and demand zone, i would like to keep an eye on the stock market as American Indices that correlate positively with...
AUDJPY - 24h expiry - Previous support located at 90.50. Previous resistance located at 91.00. There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels....
Potential buy opportunity here. Not Advice. Nice 5 wave count. Looking for 38% target on fibonacci tool.
Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.665 zone, AUDUSD have formed a bear flag pattern and in the chart above the breakout of the flag is already done, so for now on we will be watching a potential retrace of the breakout from 0.66500 support and resistance zone. Trade safe, Joe.
on the higher timeframe, price might get supported..might not..lets see.rate news next week for AUD. **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...
Likely looking to short on pullbacks... **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...
We like a sell position here. Not advice. Could be a potential supply area dating back to October 2020 on the daily timeframe.
We like a buy here. Potential "ABC" ZigZag pattern. Not encouraging any trades or advice. Just journaling.
AUDJPY continues to trade inside a Channel Down, testing today the 1D MA50 after a continuous 1 month counter trend rise. For the time being this is rise similar to the one that was completed on February 14th and made the latest Lower High on the Channe Down. The ideal short entry is between R1 and the 1D MA200. We set a long term target on AUDJPY on the bottom...
AUDCAD on the 4h chart after the recent low resets the weekly resistance. We can notice how the structure is at the 50% retracement of the previous bearish impulse. The price has been rejected by the area and is now trading over a 4h support. According to Plancton's strategy IF the pair will break below we can look for a nice short order according to the MTB...
Hey Traders, The AUDUSD is making some bearish build-up as it move closer to the demand zone. Watch out, for a break above the trendline or Below the demand area.
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Traders are looking ahead at the RBA meeting (2 May 14:30 AEST) and reviewing where the balance of risk sits, as well as the propensity for volatility. As always, the need to manage the risks when holding exposures over news is of clear importance. From a volatility perspective, AUDUSD 1-week (options) implied volatility sits at 11.2% - the 20th percentile of the...
As of today, the AUD/CAD exchange rate has been displaying a consistent bearish trend, characterized by a series of lower highs and lower lows. Notably, on 23 April 2023, the pair reached a high of 0.9100, followed by a subsequent drop in value to its current level of 0.9000. Further analysis reveals that the exchange rate has been trading within a symmetrical...
today we can see AUDUSD look bearish from now and trend also look like bearsh after mitigation previous supply it will go back to its previous low
AUDUSD has been very volatile lately - to the point where it zigzag by 1000 pips. This time it finally touched 78.6 FIB retracement, a very significant support this past few weeks. 0.660 is historically firm at this level, a major order block support. Expect buyers to come at this price range. TAYOR 0.66 safeguard capital, always.