The AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension. As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236...
The AUDJPY pair has recently hit our long-term bullish Target of 99.300, which we set on our last trading idea (December 18 2023, see chart below): That was at the top (Higher Highs trend-line) and the 1.136 Fibonacci extension of the 9-month Channel Up. We are technically expecting a pull-back now towards the bottom (Higher Lows trend-line) of the Channel Up...
The AUDUSD pair is forming today a 1D Death Cross, as the 1D MA50 (blue trend-line) is crossing below the 1D MA200 (orange trend-line), for the first time in 11 months (since April 14 2023). Obviously it is a major technical sell signal and in fact the price action since the start of the year (Channel Down), is very similar to the one of early 2023. The 1D RSI...
AUDCHF broke and closed above a key daily horizontal supply cluster. The broken structure turned into a demand zone. We can anticipate a bullish wave to 0.5837 resistance now. ❤️Please, support my work with like, thank you!❤️
With China economic news, US election news, and NFP this upcoming Friday, we have a lot of fundamental events moving the markets. We just recently broke a LH on AU. I'm looking for a projected target of 0.6600 We will plan accordingly with whatever the market shows us and stick to our trading plans
Hi Traders ! After a Huge Bullish Move, The AUDCAD Reached The Resistance Level. Currently, The Price Formed a Descending Triangle. The Resistance Line is Broken. So, I Expect Another Bullish Move📈 ------------ TARGET: 0.88880🎯
📌✔️Examining the trend in the four-hour time frame, the Australian dollar/US dollar is fluctuating in a descending channel, and considering the bearish camo cloud and the decline in the moving averages of the ALLIGATOR indicator, there is a possibility of price reduction. 📌✔️Overall, the scenario is strengthened as AUD/USD registers a one-hour candlestick close...
Traders, Let's delve into the key zones for AUD/CAD: We're witnessing a formidable bullish channel, but beware, it could break, triggering stop losses, only to rise again. Our 1-hour zone is currently active. Consider partially closing positions when it aligns with the 15-minute and 4-hour zones. Additionally, we'll increase our volume around the lower 1-hour...
Hi Traders ! On The Daily Time Frame The AUDCHF Broke a Strong Resistance Level (0.57396 - 0.57261). This Resistance Level Becomes a New Support Level. So, I Predict a Bullish Move 📈 ------------ TARGET: 0.58000🎯
AUDUSD is trading inside a Channel Down pattern for the majority of 2024 so far and the neutral 1D technical outlook (RSI = 48.127, MACD = -0.003, ADX = 26.175) suggests that this is a potential sell entry. The price is below the 1D MA50 and exactly on the 1D MA200, where a rejection, validates the preservation of the bearish trend. If the price stays under it, we...
🇦🇺🇨🇭AUDCHF broke a support line of a rising channel and a neckline of a double top pattern on a 4 hour time frame, after a test of a key horizontal resistance. We can expect a pullback from the underlined area at least to 0.5754 ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On Tuesday 13 Feb, The AUDNZD Reached a Resistance Level (1.06912 - 1.07016). The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 ------------- TARGET: 1.06075🎯
Hello Traders ! The AUDCAD Broke The Daily Resistance Level (0.88146 - 0.88014). This Resistance Level Becomes a New Support Level. The Resistance Line is Broken. So, I Predict a Bullish Move 📈 ------------ TARGET: 0.88610🎯
I suspect as the Japanese Carry trade is pressured, that there will be an effort made by institutions to convert to AUD in anticipation of Australian Interest Rates potentially rising above US Interest Rates, this would revive the more traditional Australian Carry Trade and serve to reduce the downwards pressure put on the Japanese carry trade while also reducing...
GBPAUD may retrace from a key horizontal resistance. After an impulsive yesterday's movement, the pair became overbought and formed a double top pattern on an hourly time frame. I expect a bearish move to 1.946 ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On The Daily Time Frame, The AUDUSD Reached a Strong Resistance Level. The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 ------------- TARGET: 0.63700🎯
As We Talked in The Previous Analysis: The Price Formed a Head and Shoulders Pattern. The Neckline is Broken ! Currently: The Price Pull Back to Important Structure. and it Will Continue its Bearish Movement. TARGET: 0.63700🎯
Previously, The AUDCAD Formed a Bearish Double TOP Pattern. Currently, The Price Broke The Support Level (0.87950 - 0.87662). So, I Predict a Bearish Move. ------- TARGET: 0.86880🎯