australiandollar

Momentum is slowing down on AUDUSD as well. After a strong bullish impulse, we see that the market is trading within a narrow rising channel . In case of bearish breakout we can short the pair. Target levels will be 0.682 0.68 Stop will be above the highest point of the channel.

descending triangle formation on AUDJPY. Pay attention to a horizontal support of a triangle! Bearish breakout of support is a signal to short the pair. We don't know how long the pair will be trading within the triangle, but when it breaks, set your stop above the last lower high! target levels will be: 72.6 72.0 *if...

hey traders, GBPAUD still respects the boundaries of the rising channel . on Friday pair has reached 1.87 level. what is interesting about this level is that first of all, it matches perfectly with the rising resistance of the channel and secondly, we see that in the past this level was respected by the market. following...

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm. We will close our open trades, if the Midterm level 1.0630 is broken. Technical analysis: While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A peak is formed in...

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8987). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (72.40). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.673. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6775. TP4: R2=0.68. Set the stoploss of these orders at breakout of S2=0.672. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....

hey traders, very peculiar trading setup on AUDNZD . after a strong selloff, the pair has stopped setting new lower lows and for the last two days, the market was coiling within a narrow horizontal trading range. if bulls violate the range, I will buy the pair expecting bullish continuation to higher structure...

hey traders, this week AUDUSD is predominantly bearish. pair is trading within a falling wedge pattern. I expect further bearish continuation to 0.672 structure support level. I think that the majority of buying orders is consolidating on this level, so there will be a high chance to see a bullish breakout of...

hey traders, GBPAUD is approaching a key support level on a daily. On 1H chart the market has recently formed a double bottom pattern and currently, it is attempting to break above the resistance line of a bull flag . if it breaks, it will be a perfect confirmation to buy the pair expecting the retest of the recent market...

Midterm forecast: While the price is above the support 1.0530, resumption of uptrend is expected. We make sure when the resistance at 1.0730 breaks. If the support at 1.0530 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0530 is broken. Technical analysis: The ascending flag...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6755. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.68. TP4: R2=0.683. Set the stoploss of these orders at breakout of S2=0.6735. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6735). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6415). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6735). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....

Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.6688). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.04517). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support....