I'm expecting further strength for the Aussie this week, and weakness from the Yen against it, so I'm looking for a long. We may fall-back to the 38.2 fib but then I think we'll see a strong move upwards, breaking out of the bull flag. We've seen this retracement as the pair became over-bought, but we now seem clear for a continuation upwards. I'm keeping a...
Hello Traders👋🏻 The AUDNZD Price Reached A Resistance Level (1.10520-1.10881) ! Currently, The Price Formed a Double TOP📉 The Neckline is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET 1: 1.07720🎯 TARGET 2: 1.05827🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders! On The Daily Time Frame, The AUDJPY Reached a Strong Support Level 📈 Currently, on 4H Time Frame The Price Formed a Falling Wedge📉 i'm waiting for a breakout of the Resistance line ! Then, we will see a huge bullish move📈 ----------- TARGET: 97.470🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Key News: USA - Independence Day - Early close at 13:00 UK - Manufacturing PMI (Jun) USA - ISM Manufacturing PMI (Jun) Friday marked a momentous day on Wall Street as the three major indices experienced a robust surge, igniting a wave of optimism among investors. Notably, the Nasdaq, renowned for its focus on technology stocks, achieved an extraordinary feat by...
AUDUSD rebounded late last week and reached again the 1D MA50 on neutral 1D technicals (RSI = 46.104, MACD = -0.001, ADX = 23.912). This is the first rebound after the June 16th High, which was on an overbought 1D RSI and formed a Lower High inside the wide Channel Down pattern. The neutral technicals indicate that this is potentially the ideal short entry on an...
AUDJPY crossed today over the MA50 (4h), breaking at the same time above the 10 day Bull Flag pattern. All this after holding the MA50 (4h) as Support. Trading Plan: 1. Buy on the current market price. Targets: 1. 97.675 (Resistance 1). Tips: 1. The RSI (4h) broke above its Resistance. An additional bullish signal. Please like, follow and comment!!
GBPAUD reached a key weekly resistance. The price formed a descending triangle pattern, approaching the underlined structure on a 4H time frame. Its neckline was broken. I expect a bearish movement now to 1.8955 / 1.8825 ❤️Please, support my work with like, thank you!❤️
AUDCAD is approaching the bottom of the annual Channel Down, having crossed under the 0.236 Fibonacci level. As the 1day RSI forms a Higher Lows bottom pattern, the conditions for a medium term buy arise. Buy and target the 0.618 Fibonacci level at 0.8885 or book the profit earlier if it hits the 1day MA50 first. Follow us, like the idea and leave a comment below!!
AUDCAD reached a daily key level. The price formed a double bottom pattern, testing that on 1H time frame. Its neckline was broken this morning. I believe that the pair may bounce now. Goals: 0.8825 / 0.884 ❤️Please, support my work with like, thank you!❤️
AUDNZD was steadily falling within a channel. Once 1.082 support was reached, the market started to consolidate within a horizontal range. During the Asian session, bulls manage to break the resistance of the range and the upper boundary of the channel. It is a very important indicator of the strength of the buyers. I expect a pullback to 1.0884 ❤️Please,...
Hey Traders👋🏻 The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔ Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure) Moreover, The Support Line of The Channel is Broken! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET:...
AUDJPY got rejected this week just before hitting Resistance A that is the High of September 13th 2022. Any rebound is a strong sell opportunity now as even the 1day RSI crossed under the MA level after becoming the most overbought its been since March 2022. The September 2022 peak got rejected back to its Fibonacci 0.618 level. Sell and target the new...
AUDCAD reached a solid horizontal resistance last week. The market was steadily growing within a rising wedge pattern. After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge. Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement. Goals: 0.901 /...
Hello Traders👋🏻 On The Daily Time Frame The AUDUSD Price Reached a Major Key Level (0.67525 - 0.68182)✔️ And Broke This Resistance Level ! Currently, The Price formed a Bullish Falling Wedge ✔️ The Resistance Line of the wedge is Broken 🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----- TARGET: 0.69545🎯 ___________ if you agreed with this IDEA,...
On a today's live stream, we discussed AUDCAD. The price formed a double bottom on a key daily support. Trading in a long term bullish trend, the market broke and closed above the neckline. We already took a long trade with my students. Growth is expected now. Goals: 0.9054 / 0.9077 ❤️Please, support my work with like, thank you!❤️
AUDNZD, is currently trading at resistance. A sell confirmation will be the signal we need to short this pair.
AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200. As the RSI is about to cross into the overbought...
Hello Traders👋🏻 On The Daily Time Frame The AUDJPY Price Broke The Resistance Level (92.189-93.048)✔ Currently, The Resistance Level Becomes New Support Level📈 So, I Expect a Bullish Move📈 i'm waiting for a retest.... ----------- TARGET: 94.700🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!