AudNzd Trend Break - Above 200 ema on daily chart ;)
Price already break the upper blue trend line plus a long rejection due to NFP last Friday.. Maybe it will continue climbs up until pink resistance area before down for short. Peace
It is all about probabilities! Watch the resistance and the market will tell you what will happen.
Previous break out of resistance is showing to be relatively strong. New resistance line is shown in green around 5354 with support at 5184 (blue line). If it breaks this support level, an extreme case would be a negative movement to 4893 (red line). If resistance is broken, we would see a much higher high of 2016.
Following the main TL however price is moving along the short-term downtrend - Buy the breakout of the downtrend for potential bullish movement towards target @ .77800 Awaiting the LONG set up
Hello Traders, The markets have been open for a few hours. That gave us enough time to form this bearish Wolfe Wave in GBPAUD. 5' is a potential in this Wolfe Wave. Best, Chartistry
Hello Traders, Here we have 3 Wolfe Wave's(WW) WW #1 - In the grey dotted line. This WW is near it's target at #1 Geo Off-Set Rule at point 4. The Geo Off-Set Rule here plays a role in the next 2 WW's. WW #2 - In blue dashed lines. This WW is internal to both the first and third(in purple) WW's. The Geo Off-Set Rule in the first WW act's as a point of reversal...
as of the 6th/oct upward momentum has started to build across most time frames 4h chart is showing PA crossing both the 50 amd 200 MA/EMA, with the MAs also swinging up and crossing to the Upside. Price seems to be following the new upward trend line which is a mirror of the recent downtreand. RSI is in over bought for now, so we should get a pull back to around...
This pair is now at an interesting level, i took profit on my long trade late in the week as it hit my target area, we have now reached a key monthly Resistance level and the top of this textbook channel...we could potentially see the next leg down to test the bottom of the channel once more, or we could indeed break the channel and resistance either way i'll be...
Buying Australian listed Shares at 5472 Its a kind of pullback trade after big sell off last days. The blue area represents a support area. If we manage to break that area ASX can go higher. But Australian market correlates with Chinese stock market so there is some risk involved.
Pure technical play. You see a very clear uptrend on the daily charts yet price has stalled and started to floating in a range on a intraday basis. Im expecting this range to hold until price tests the high that is highlighted by the red box. Expected Price target 2.0930
Same follow through as the daily chart analysis I posted just on a bigger time-frame as the momentum to the downside is very strong. (also confirmed by the monthly) Using the dark yellow line as the trend-line, as long as its holds, I'm expecting the downward pressure to continue with an expected target of around .6950