Fundamental Backdrop 1. The AUD CPI y/y dropped from 7.4% to 6.8%, which is also worst than expected of 7.2%. 2. This suggests that the Australian economy is not doing as well as previously thought. 3. It could lead the RBA to lower interest rates in the future which could lead to a depreciation of the currency. Technical Confluences 1. Price at the 0.67100...
The AUD CPI y/y was released at 6.8% (Forecast: 7.2% Previous: 7.4%) which indicates a significant slowdown in inflation growth for the Australian economy. Following the data release, the AUDUSD traded slightly lower from 0.6710 down to 0.6690, as the slowdown in inflation growth signaled the increased potential for the RBA to pause on future rate hikes....
in my opinion aud jpy will falldown from this point or the next resistance so we have to entery point each have stop loss
Trade idea: wait for market to break support, wait on re-test after wick rejection at zone of resistance enter bearish SL above structure TP 3x risk else, Wait for market to retract to resistance after wick rejection wait for break of support level and on retest wait for wick rejection this will give enough confluence to enter short SL above structure TP 3x...
Early in the trading session today, the AUDUSD surged strongly to the upside, bouncing off the support level of 0.6635 and the bullish trendline. As the price approaches the 0.67 round number resistance level, the upward momentum has stalled. It is likely that the price could consolidate just under the 0.67 resistance level or retrace briefly before breaking out...
AUDJPY shows a 5 swing bearish sequence from September 2022 peak favoring further downside. Cycle from 2.15.2023 high is currently in progress as a 5 waves impulse Elliott Wave structure. This cycle is mature and expected to end soon. Down from 2.15.2023 high, wave 1 ended at 91.91 and rally in wave 2 ended at 93. Pair then resumes lower again in wave 3 towards...
Hello traders: Here on NZDUSD, we can see price is currently consolidating in a possible bearish correction structure. After the initial bearish impulse move, the price fails to break the previous swing highs, and begin to form the current correction. This is usually a good sign that the bearish momentum is still strong and more continuation is very...
GBPAUD - 24h expiry - We look to Sell a break of 1.8350 (stop at 1.8450) Previous support located at 1.8350. Previous resistance located at 1.8450. We expect a reversal in this move. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. A move through 1.8350 will confirm...
Lookinh for a nice sell entry on the retest of the broken support turned resistance. HTF analysis also shows a strong move to the downside. I will only enter when price respects the resistance and shows signs of rejection.
Our AUDUSD Analysis is still valid, We are currently waiting for the market to drift lower to hit our entry point(s) Our POI (Point of Interest) are: Buy @ 0.66065 and 0.65920 TP1 0.67195 TP2 0.68250 TP3 0.69750 TP4 - Leave something running if price action is favorable. There are many fundamentals which play in favor of AUD strenght. Lets see how it plays...
AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving...
AN will be generally down trend on daily. h4 bouncing in range, either we will see a breakdown from 1.07 or returning back to range.see what fits your strategy and trade accordingly... 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...
Hey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 88.300 zone, AUDJPY is trading in a bearish channel and now seems to reject the channel support and feels a need of correction before hitting the channel resistance around 88 resistance zone. Fundamentally we still see that JPY and CHF are attracted by investors as they are...
The AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price...
The AUDCAD pair is about to complete a Head and Shoulders (H&S) pattern, trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The 1W RSI is far from its Buy or Sell Zone (long-term) so on the more medium-term the best approach is to trade the break-outs. The neckline of the H&S is at 0.933250 so a candle close above it invalidates the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDJPY has been overall bearish trading inside the falling orange channel, however it is currently approaching the lower orange trendline. So we will be looking for buy setups. Moreover, the green zone is a strong support and demand. 🏹 So the highlighted purple circle is...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
From previous outlook and forecast, we can see price has indeed pushed lower impulsively on the mid time frame. Now we can see price has already break previous lows, and start to consolidate again. This is good sign for more downside from the price, as long as a continuation correction is formed here. This week, wait for the correction to complete, to confirm...