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...
AUD/USD is hinting at a potential swing high on the daily chart. And if my hunch that the Fed won’t be as dovish as market pricing currently suggest, it leaves room for USD strength and a lower Aussie. AUD/USD seems to have completed a 3-wave retracement which perfectly respected a 38.2% Fibonacci ratio. Our bias remains bearish beneath the cycle highs, and we...
EUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low. Last week's low found support at the...
Hello,Traders! GBP-AUD broke a strong Horizontal resistance level Which has turned into the Support level now and and As the title says the breakout Is confirmed even on the 2D Timeframe so we are Strongly bullish biased Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66800 zone, AUDUSD is trading on an uptrend and now seems to be in a correction phase in which is approaching the major trend around 0.668 Support and Resistance zone. Fundamentally last day FOMC was just dovish and fed seems to slow down, considering also the...
It is possible that there will be a correction from Fibo 1.61 to Fibo .618
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.91200 zone, AUDCAD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.912 support zone. I would also to take a look at the stock market as it does correlates positively with AUDCAD. so if indices go bullish that should...
Hey Traders, Today we are coming across an important event which is the FOMC, so what is the link between the rates decision and AUDCAD? the rates decisions have an impact on the AUDCAD since the american indices have a positive correlation with AUDCAD, if the meeting today is dovish that means we will have more of a week Dollar, Bullish indices and high probably...
The AUDJPY pair hit last week the 1W MA100 (red trend-line) for the first time since November 04 2020, while entering the Higher Lows (dotted) Zone that started around the same time. As you understand this is a critical Support cluster, considering that Support 1 (87.100) is also holding. If broken, we will sell aiming at the top of the 2021 Support Zone at...
hey traders! bearish engulfing on the daily suggest further movement towards daily low, overall market direction bearish, and a nice recent break of moving average does suggest a push exhaustion cycle, overall good price action, however huge fundamental news today for US and tomorrow for GBP, this could cause CHF to gain/lose power, being a safe haven currency. ✅😊
AUDUSD on the 4h chart after our previous analysis has played as expected (link below) with a retest of the weekly resistance. We can notice how after the recent low the price provided a perfect retracement to the .786 Fibonacci level which is also known as one of the key levels for a potential inversion. The trend in fact remains bearish with a series of lower...
2 options! When we reach the smaller Tp, we put the Other SL on top of our entry color and let the other option continue. Bigger clashes may come, but we can protect them with strict sl levels.
AUDNZD reached a solid horizontal structure resistance. The price formed a doji candle on 4h and a double top pattern on 1H time frame. The neckline of the double top has just been broken. I expect a retracement to 1.0767 / 1.0744 ❤️Please, support my work with like, thank you!❤️
The AUDUSD traded with significant volatility overnight as the price reversed strongly from the 0.6730 resistance area to trade down to the 0.6650 price level. However, the 0.6650 price level coincides with the 61.8% Fibonacci retracement level and resisted further downward moves. Currently the price is trading just below the round number level of 0.67 which...
Future currency rate of the currencies is predicted at 1.5550205195147 (69.762% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth $169.762 on 2024 March 14, Thursday.