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.
The Aussie (AUD/USD) is falling towards a potential breakout level and could break under this level to drop lower. Sell entry is at 0.65408 which is a potential breakout level. Stop loss is at 0.65750 which is a level that sits above a pullback resistance. Take profit is at 0.65065 which is a pullback support that sits above the 61.8% Fibonacci retracement...
After the pullback from previous lows, price has come to a significant level of supply. I am shorting form here 0.6565 targeting lows of 0.6464, Use proper risk management
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 98.178 which is a pullback support. Stop loss is at 97.850 which is a level that sits underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 98.615 which is a swing-high resistance. High Risk Investment...
The Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 0.65473 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 0.65214 Why we like it: There is a pullback support that sits below the 38.2% Fibonacci...
EUR/AUD is rising towards a breakout level and could potentially break through this level to climb higher. Buy entry is at 1.65028 which is a potential breakout level. Stop loss is at 1.64420 which is a level that sits under a pullback support. Take profit is at 1.65585 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. ...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88265 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 0.88680 which is a level that sits above the100.0% Fibonacci projection level. Take profit is at 0.87745 which is a pullback...
AUD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 98.532 Why we like it: There is a multi-swing-high resistance level Stop Loss: 99.064 Why we like it: There is a level that aligns with the 161.8% Fibonacci extension level Take Profit: 97.765 Why we like it: There...
The Aussie (AUD/USD) is trading close to a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.65426 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 0.66102 Why we like it: There is a pullback resistance level Take Profit:...
The Aussie (AUD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.65044 which is a pullback support. Stop loss is at 0.64270 which is a level that lies underneath a pullback support. Take profit is at 0.66023 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement...