Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Pulling back for long ,could target 1.94 ,but do expect it to be choppy judging at its recent PA. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get...
Hey Traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.57800 zone, AUDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.57800 support and resistance area. We would also like to consider the current easing inflation in Switzerland which could trigger some CHF weakness in...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.66200 zone, AUDUSD was trading in a uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66200 support and resistance zone. We would also consider the current bearish bias on stocks as AUDUSD...
The Aussie rose for a seventh day, which is statistically quite rate. That stat alone suggests the bullish sequence is in need of a break, and the technical might just agree. A wide bearish pinbar formed around the 100 and 200-day EMAs whilst RSI(2) was overbought. From here, bears could seek to fade into retracements within Thursday's pinbar and initially...
The AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined megaphone pattern. This pattern, characterized by expanding channel lines, can suggest both bullish and bearish continuations depending on the context. However, in this case, certain factors point towards a potential upside move. Buy Entry: Consider...
AUDUSD is trading inside a Channel Down pattern for the majority of 2024 so far and the neutral 1D technical outlook (RSI = 48.127, MACD = -0.003, ADX = 26.175) suggests that this is a potential sell entry. The price is below the 1D MA50 and exactly on the 1D MA200, where a rejection, validates the preservation of the bearish trend. If the price stays under it, we...
As per my last analysis on AUDNZD - (www.tradingview.com) I am still actively holding this trade NOW, given the fact that audnzd just struggled to breach this most recent low (purple zone) and decided to pull back upward - made me consider closing but patience If however, it struggles again to breach this low I'd close in profit Why? it is simple really,...
Good Morning guys, have this buy open on AUDNZD - it isn't the best trade and I don't really like trading this pair but there was a set up and I decided to give it a try Let me explain These are my confirmations\questions > Question 1 - Was AUDJNZD in momentum (bullish or bearish)? Yes, AUDNZD is in bearish Momentum currently Question 2 - Who is interested (at...
🇦🇺🇨🇭AUDCHF broke a support line of a rising channel and a neckline of a double top pattern on a 4 hour time frame, after a test of a key horizontal resistance. We can expect a pullback from the underlined area at least to 0.5754 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65400 support and resistance area. The recent release of higher-than-expected CPI data in the United States has strengthened the US dollar,...
AUD/JPY is holding above its 100-day EMA, and so far it looks like the spike lower last Thursday will be left unchallenged. This is more of an interesting observation than anything else, but... since July AUD/JPY has printed a prominent spike / higher low every 40 - 47 days. If that pattern is to hold, is suggests the next trough could land at the end of May /...
Price near resistance area. Price could test one of the previous lows. A testing of the previous high that was broken in structure is also possible.
Price reveresed back from the mid red line and wants to complete the head and shoulders pattern, where news starts. buying till tomorrow news and lets see if news will push the price back to main level to complete the pattern.
Near a resistance zone. Could test previous low. Previous low was broken.
Price made a double top at 0.88168. it rejected the high zone with a bearish engulfing on the 15m and also formed a head and shoulder. we can use price action on lower tf for a entry at the retracement of the right shoulder and .618-.786
Hello Traders It seems AUD/USD is going to make a triple combo corrections. it is possible, since we are bullish on USD. so we are expecting the price will reach 0.63 and 0.616 levels eventually. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer:...
In the upcoming trading week, we're keeping a close eye on AUDCHF for a potential buying opportunity near the 0.57450 zone. AUDCHF is currently undergoing a corrective phase within its uptrend, approaching the critical support and resistance area. Adding a fundamental layer to our analysis, it's noteworthy that inflationary pressures in Switzerland are showing...
AUDJPY - Intraday There is no clear indication that the upward move is coming to an end. Trend line support is located at 97.70. Risk/Reward would be poor to call a buy from current levels. A move through 98.00 will confirm the bullish momentum. The measured move target is 98.50. We look to Buy at 97.70 (stop at 97.45) Our profit targets will be 98.35 and...