Like NZD/USD, the Aussie is refusing to roll over despite a strong US inflation report. That is in itself a sign of strength. The daily chart is yet to see a close beneath the Q3 open, and the lows are holding above the 50-day EMA and 38.2% Fibonacci level. A bullish RSI divergence also formed from the oversold zone to suggest a swing low has formed or is...
AUD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88914 which is an overlap resistance. Stop loss is at 0.89315 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. Take profit is at 0.88131 which is a swing-low support. High Risk Investment...
AUD/JPY has just reacted off a swing-high resistance and momentum could carry price lower. Sell entry is at 97.748 which is a swing-high resistance. Stop loss is at 98.250 which is a level that sits above a pullback resistance. Take profit is at 96.652 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level...
EUR/AUD has just reacted off a pullback support and momentum could potentially carry price higher. Buy entry is at 1.65166 which is a pullback support. Stop loss is at 1.64450 which is a level that sits under an overlap support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 1.66740 which is a pullback resistance. High Risk...
EUR/AUD has just bounced off a pullback support and could potentially rise towards our take profit target. Entry: 1.65169 Why we like it: There is a pullback support level Stop Loss: 1.64606 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Take Profit: 1.66742 Why we like it: There is a pullback resistance...
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 0.65274 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 0.64522 Why we like it: There is a support level that aligns with the 78.6% Fibonacci...
Thanks @oktane for this GBPAUD trade!!! 🤩 INSTITUTIONAL SELLING RANGE (ISR) @ 1.9125 RESISTANCE @ 1.9050 TP4 @ 1.9015 (closing ALL Buy Orders) TP3 @ 1.8875 (shaving 25%) TP2 @ 1.8785 (shaving 25%) TP1 @ 1.8650 (shaving 25%) BLO2 @ 1.8540⏳ BLO1 @ 1.8466 ⏳
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.66554 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.65890 which is a level that sits under a pullback support and the 78.6% Fibonacci retracement level. Take profit is...
The Australian dollar’s rally has met its match around a key resistance area, which includes the January trendline and Q3 open price. A 2-bar reversal formed on Wednesday, following RSI reaching overbought the day prior. And as the US dollar has weakened on bets on Fed cuts ahead of a key PCE inflation report, I suspect there may be some disappointment and the...
GBP/AUD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.89459 Why we like it: There is a pullback support that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 1.88988 Why we like it: There is a pullback support level Take Profit: 1.90679 Why we like it: There is...
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.66714 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.66250 which is a level that sits under a pullback support. Take profit is at 0.67558 which is a pullback...
AUD/JPY is falling towards a pullback support and could potentially break under this level to drop lower. Sell entry is at 96.517 which is a potential breakout level. Stop loss is at 97.050 which is a level that sits above a pullback resistance. Take profit is at 95.836 which is a swing-low support that aligns close to the 78.6% Fibonacci projection level. ...
GBPAUD had a nice pullback to the broken channel and has chance to goes down again. British pound is under pressure of uncertainty in economy and can weak against other currencies. Trade safe. Good luck.
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 0.66714 Why we like it: There is a pullback support level Stop Loss: 0.66146 Why we like it: There is a pullback support that sits above the 78.6% Fibonacci retracement level Take Profit: 0.67561 Why we like...
The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.67566 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.68050 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take...
AUD/NZD is falling towards a pullback support and could potentially bounce off this level to to climb higher. Buy entry is at 1.07541 which is a pullback support. Stop loss is at 1.07150 which is a level that sits below the 127.2% Fibonacci extension level. Take profit is at 1.08279 which is a pullback resistance that sits under the 78.6% Fibonacci retracement...
GBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 1.87571 Why we like it: There is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 1.88102 Why we like it: There is a pullback resistance that aligns close to the 50.0%...
The Aussie (AUD/USD) is displaying strong bearish momentum and could potentially fall towards our take-profit target. Entry: 0.67508 Why we like it: The Aussie is 1 of the weakest-performing currencies and is displaying strong bearish momentum Stop Loss: 0.68389 Why we like it: There is a pullback resistance level Take Profit: 0.66628 Why we like it: There is a...