The Australian dollar has been taking a bath. It’s gone from buying 71 US cents at the beginning of the year to netting you just 63.3 US cents against the benchmark greenback. The dollar is down over the last year against most currencies, and down over the past few weeks against almost every currency. The humble Aussie dollar is suffering in particular against...
Waiting for instrument to reject of the weekly zone. Then I will look to sell from that zone. Selling only after the break below the HMA and the retest of the liquidity/weekly rejection zone This will most likely take a month or two to be realized **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk...
After 3 try to break upper line of channel, AUDUSD has firm wedge top and has chance to fall to median line. Heavy zone, no momentum and need to correct. Trade safe. Good luck.
We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision. That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place. But perhaps the more exciting match ups will be occurring in the forex market....
AUDCAD is down on a daily chart. It has strong resistance at 0.8740 to 0.8770. There is H1 divergence. Found a small pattern to sell on M5. Stop above the resistance. Target is to 0.8625
The Australian Dollar US Dollar Cross has continued to dip Bearish. From our All Round Analyst session, we were able to spot this bearish dive early enough and have continued to ride the rollercoaster bearish. Market is likely to make a pullback bullish soon. This will allow us another opportunity to be part of this bearish push. Where the bullish pullback...
On the one-hour chart, AUDJPY is in the area of overhead resistance and the supply zone. Both the zero-lag MACD is showing bearish divergence. The mass index indicator has already given a reversal signal where mathematically the indicator goes over 27 and then triggers when it crosses down on 26.5 This indicator often misses a reversal but seldomly generates...
Hello Traders, I am anticipating downside for the Aussie, based on a few technical points. 1. Daily channel (Dark Blue Line) was broken on 4H and retested last week for a leg lower. 2. 50 EMA is currently being tested and holding as resistance on the 4H TF. 3. Lots of confluence in the light orange rectangular box which is a previous supply zone & price is now...
Here are the details for the short trade, details in video linked below in related ideas. Entry: At Market (Already Confirmed) Stop: .69985 Target: .61732 Risk Reward Ratio: 9.39 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research ...
I believe the Euro will fall lower percentage wise but if you like trading the Aussie Dollar and like AriasWave analysis this is for you. Structurally Aussie will only mov down to the lows to complete the Zig-Zag since early 2021 in Wave (C). Entry: At Market (Already Confirmed) Target: .61715 Stop: .69985 Risk Reward: 9.39 Remember to use Disciplined...
A short position on AUDNZD from a significant point of resistance.
A potential bearish continuation pattern is forming on the 4-hour chart around last week’s VPOC (volume point of control). RSI (14) produced a bearish divergence ahead of the selloff and remains below 50 to show negative momentum overall. Prices remain beneath the weekly and pivot point and monthly R1, so now seeking evidence of a swing high beneath those levels...
Hello to all, Aussie Dollar has been trading within this channel since November of last year. Current price has slightly broke above .70000 testing the top region of our channel. Taking into consideration the beating the U$D took last week, I expect the Aussie$ to have a minor pull back to previous support near the .69000 level. The Risk to Reward is definitely...
AUSUSD - The Ausie Sell! Sell idea ! Sell targets - 0.6737, 0.6650, 0.6523 Heed your DD!
I previously collected -347 pips ( -5%) from AUDUSD, market came and retested my support area ( now resistance area) around 0.65264 signaling more weakness to come. Any retest should be seen as a selling opportunity, I expect market to fall towards 0.61300, a -275 pips (-4.3%) move from market current position. Despite a strong start in July, the Australian Dollar...
amazing setup here confirmation on the 1hr as well ,rejection off this bearish ob and a lower high was created meaning we should see some trend continuation to the down side
AUDUSD is still pretty bearish. I see price might make a false breakout any move to the upside should give you a chance to short. Entry at 0.6830 , targets below 0.6473 and my stops are above the 0.6886 level. Use proper money management.
The Aussie short tries, The positions Entry, SL & Targets are shown on the chart. Cheers to trading but perform your DD!!! Always.