The USD, having experienced substantial blows from rate cut projections, faces a challenging scenario with the Fed signaling probable easing. Despite the narrative of falling inflation, policymakers are aiming to relay the message that inflation has yet to stabilize sustainably near the targeted 2%. The looming Fed speeches, particularly Chair Powell's impending...
OANDA:AUDUSD
Via my analysis Aussie Dollar is still having buying momentum. At the time of this publishing AU has reached into a resistance zone. A slight pullback to the Green 4h trendline is what i am anticipating. With the Green 4h trendline being great support, I see price continuing to buy and make higher highs.
A break below the Green 4h trendline can...
Kiwi has been on a great run but I'm seeing this come to the top of it's range and expecting a correction, whilst at the same time seeing Aussie building momentum, so I'm thinking this is a good pair to trade this week.
We have quite a lot of fundamentals, with RBA and RBNZ meetings, but I think overall price action will look like this when everything balances...
OANDA:AUDUSD
The previous week of Aussie Dollar was Bullish:
1. Aussie bought on Sunday, closed above the previous high.
2. Retested the previous high and began to buy higher.
3. Monday closing and Tuesday opening made a higher high.
4. Aussie began to make a series of lower lows and lower highs.
5. Wednesday completed the correction and with a few...
AUDUSD is heading towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 0.65867
Why we like it:
There is a pullback resistance level
Stop Loss: 0.66165
Why we like it:
There is a pullback resistance level
Take Profit: 0.64608
Why we like it:
There is a pullback support that aligns with...
AUDUSD is heading towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 0.65867
Why we like it:
There is a pullback resistance level
Stop Loss: 0.66165
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci projection level
Take Profit: 0.64608
Why we like...
AUDUSD D1
AUDUSD has gracefully hovered within the 0.63 to 0.65 range, a trend that persisted until the recent breakout spurred by the dollar's softening. The 0.65 handle encountered a noteworthy rejection, mirroring the resistance observed at cable 1.25.
In light of these developments, a straightforward break-and-retest scenario cold unfold, suggesting the...
GBP/AUD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.90568 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 1.89600 which is a level that sits under an overlap support and the 78.6% Fibonacci retracement level.
Take profit is at 1.91880...
The Aussie (AUD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 0.64551 which is a pullback support.
Stop loss is at 0.64000 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 0.65222 which is a multi-swing-high resistance.
High Risk...
Hello,Traders!
AUD-NZD keeps growing and
The pair broke the key
Horizontal level of 1.086
And went further up so
The breakout is confirmed
Which reinforces our
Bullish bias and we will
Be expecting a move up
After a potential pullback
Buy!
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Check out other forecasts below too!
AUD/NZD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.07820 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 1.07300 which is a level that sits under a confluence of Fibonacci levels i.e. the 61.8% retracement and 78.6% projection...
AUDJPY could fall towards a pullback support and potentially bounce off this level to rise higher towards our take profit target.
Entry: 97.506
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 97.025
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement...
AUDUSD is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target.
Entry: 0.64549
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 0.64162
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci...
AUDUSD H8
AUDUSD, a currency pair known for its dynamic movement during the eastern session, owing to its base in the eastern time zone. We observed a substantial decline of up to 1.1R in the previous eastern session, although it's worth noting that stop losses are set with a broad coverage, extending to encompass all previous wicks.
Today, we'll be keenly...
There is nothing as exciting as finding market direction and having the market play out in your direction and according to your plan and prediction.
From last week, we saw prices retrace bearish in our 4-hour zone. On Friday, at about 1500 WAT, prices finally dipped into our zone and from there we knew it was time for the long bullish ride up.
Because we were...
Expecting strength from the Aussie this week, even though the RBA hiked, I think the Aussie was negatively affected by the fall in commodities rates in the past week.
I see no strength in the Euro and I think Friday's candle suggests that this pair may not break back into my ascending channel, this could form a double top too.
Tuesday EUR GDP data - could be...
We're at the top end of the range for this pair, I am expecting BoJ to start backing its currency.
I've recently noticed some negative correlation between USDJPY and the other XXXJPY crosses, so where USDJPY falls the others have been more bullish.
That said if the BoJ get involved it will tank all of them.
I'm not 100% what I really think will happen here, I...
Had a great breakout of the falling wedge that I called out in an earlier idea (I missed the trade as it happened sooner than I expected), but now I believe we'll fall back from resistance (we can see some rejection on the daily) before confirming the trend change higher.
No real fundamentals for this, pure price action.
