Is the AUD/JPY the trade to make at the beginning of the coming week? Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other. The Bank of Japan is up first, at 11:00 pm on Monday (US time UTC –4). The Reserve Bank of Australia follow at 11:30 pm. What's expected from each bank? According...
AUD/JPY is showing a strong bullish momentum and could make a continuation towards our take-profit target. Entry: 97.692 Why we like it: There is a strong bullish momentum Stop Loss: 97.237 Why we like it: There is a pullback support level Take Profit: 98.132 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement...
The Aussie (AUD/USD) could rise towards an overlap resistance level at 0.6650 which has been identified as a pivot point. Could price stall around this level once again and potentially reverse to drop lower towards the 1st support? Pivot: 0.6650 Support: 0.6480 Resistance: 0.6726 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.66440 which is a pullback resistance. Stop loss is at 0.66830 which is a level that sits above the 50.0% Fibonacci retracement level and the swing-high resistance. Take profit is at 0.65578 which is an overlap support that...
The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.66561 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 0.67259 Why we like it: There is a pullback resistance that aligns close to the 61.8%...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.65212 which is a pullback resistance that is bounded by the descending trendline. Stop loss is at 0.65452 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at...
AUD/JPY is falling towards a potential breakout level and could drop lower from here. Sell entry is at 97.361 which is a potential breakout level (wait for the current 1-hour candle to close below 97.361 for confirmation of the bearish breakout). Stop loss is at 97.900 which is a level that sits above a pullback resistance. Take profit is at 96.850 which is an...
AUD/JPY could fall towards a potential breakout level and fall lower towards our take-profit target. Entry: 97.360 Why we like it: There is a potential breakout level (wait for 1-hour candle to close below 97.360 for a breakout confirmation) Stop Loss: 97.815 Why we like it: There is a pullback resistance level Take Profit: 96.849 Why we like it: There is an...
The Aussie (AUD/USD) could rise towards a potential breakout level and make a bullish continuation towards our take-profit target. Entry: 0.65328 Why we like it: There is a potential breakout level Stop Loss: 0.65137 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement level Take Profit: 0.65529 Why we like it: There...
Of all the National Banks, analysts are expecting the SNB to be one of the first to cut, the CPI this week on Tuesday could indicate a cut is coming. Looking at price action on this pair, we've broken out of the downward channel, albeit we've struggled ton break resistance, but equally we've retested the channel boundary multiple times and so far failed to break...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88455 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 0.88700 which is a level that sits a pullback resistance. Take profit is at 0.87972 which is an overlap support that aligns...
EUR/AUD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.66313 which is a swing-high resistance. Stop loss is at 1.66900 which is a level that sits above the swing-high resistance. Take profit is at 1.65224 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on...
AUD/CHF is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.57308 which is a potential breakout level. Stop loss is at 0.57800 which is a level that sits above a pullback resistance. Take profit is at 0.57047 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. High Risk Investment...
Expecting a drop from this pair, so looking out for a confirmation on LTF's. There's a squeeze with big rejections from the descending trendline and this pair is coiling in a very small range. Expecting the breakout below, with Aussie inflation data on Wednesday - AUD inflation has been more stubborn than most so any inflation increase and I will expect Aussie...
With US inflation and jobs data showing signs of strength, I think interest rates won't be cut as soon as once thought. Therefore, this is an opportunity for the dollar to rally. I think the Aussie could test monthly support at around .6330.
Traders, Let's delve into the key zones for AUD/CAD: We're witnessing a formidable bullish channel, but beware, it could break, triggering stop losses, only to rise again. Our 1-hour zone is currently active. Consider partially closing positions when it aligns with the 15-minute and 4-hour zones. Additionally, we'll increase our volume around the lower 1-hour...
The Aussie (AUD/USD) is falling towards a potential breakout level and could break under this level to drop lower. Sell entry is at 0.65498 which is a potential breakout level. Stop loss is at 0.65950 which is a level that sits above a pullback resistance. Take profit is at 0.65234 which is a pullback support that lies above the 50.0% Fibonacci retracement...
Price mitigated previous Demand zone. I expect a bearish flow.