We see a huge bearish factor as price retraces to the resistance zone and the 800EMA, an 800EMA rejection especially on the weekly is a huge factor, as this is projected we expect price to get to Trend Line 1.85013.
Hello Traders ! On The Daily Time Frame, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. -The Support Line is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 0.89160🎯
The AUDCHF pair is trading within a Triangle pattern since August with the 1D MA200 (orange trend-line) acting as the Resistance, having consecutive near rejections in December. If that breaks, we expect an aggressive bullish run towards Resistance 2, despite the presence of Resistance (0.952625). In that case, we will buy the break-out and target 0.61500 (just...
The EURAUD pair has been trading within a Channel Down pattern since the August 17 2023 High. The price is now very close to the bottom (Lower Lows trend-line) of the pattern, which makes it a technical buy opportunity. As long as it is closing the 1D candle above the bottom, we will be bullish, targeting the top (Lower Highs trend-line) just above the 0.618...
This is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down: As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel...
Our last analysis on the AUDNZD pair was on November 16 (see chart below) and so far has hit one of our two targets: At the moment the price is struggling on the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Zone, where it has failed since Dec 13 and on every single candle to close it above the 1D MA50. If it does, expect the continuation of the...
Hello Traders ! Previously: The AUDUSD Price Formed a Bullish Falling Wedge Pattern. Currently: The Price Broke a Resistance Level (0.66752 - 0.67395). This Resistance Level Becomes a New Support Level. So, I Predict a Bullish Move📈 TARGET: 0.68450🎯
The AUDCAD pair is trading within a Channel Up pattern that has currently been rejected twice on Resistance 1 (0.905500). With the 1D MA50 (blue trend-line) crossing today (or tomorrow the latest) above the 1D MA200 (orange trend-line) to complete a 1D Golden Cross, and the 1D MACD forming now a Bullish Cross, we have a strong case for a break-out above Resistance...
AUDUSD is unstoppable. The market violated one more horizontal resistance. Next goal for buyers is 0.68 structure. ❤️Please, support my work with like, thank you!❤️
The AUDJPY pair gave us the pull-back we wanted last time (November 03) and delivered a buy opportunity that hit our 97.675 target (see chart below): The price has since pull-back and rebounded just before testing the 1D MA200 (orange trend-line). Even though it is still restrained below the 1D MA50 (blue trend-line), as long as the 1D MA200 holds, we expect...
AUDUSD is almost neutral on the 1D timeframe (RSI = 55.106, MACD = 0.003, ADX = 28.280) as it has started to decline again after the rejection on the 0.618 Fibonacci level near the top of the twelve month Channel Down. The 1D RSI got overbought at the top just like on the June 15th LH (also on the 0.618 Fibonacci), which was the previous most optimal short...
The AUDUSD pair completed the bullish leg that we caught on our last call (October 24) and hit our 0.66000 1D MA200 (orange trend-line) target (see chart below): The price has made a initial rejection at the top (Lower Highs trend-line) of the Channel Down, so the pattern remains intact. Technically this is the start of the Bearish Leg towards Support 1 and 2...
AUDCHF is testing a key horizontal supply area. A bearish breakout of a neckline of a double top pattern on an hourly time frame gives us a strong bearish confirmation. We may anticipate a bearish continuation to 0.5733 ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On Tuesday 21 Nov, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, I Will Sell on Retest... TARGET: 0.87950🎯
Hello Traders ! Previously: The AUDUSD Price Formed a Bullish Falling Wedge Pattern. Currently: The Price Broke a Strong Resistance Level (0.65710 - 0.66256). This Resistance Level Becomes a New Support Level. So, I Expect a Bullish Move. Let's Wait For Retest... ----------- TARGET: 0.67120🎯
As We Talked in The Previous Analysis: The AUDUSD Price Broke a Strong Resistance Level (0.65710 - 0.66256). This Resistance Level Becomes a New Support Level. Currently: The Price Pull Back to Important Structure ! and Now it Will Continue its Bullish Movement 📈 ----------- TARGET: 0.67120🎯
As I predicted, AUDUSD perfectly respected the underlined green daily support. The price formed a high momentum bullish candle after a release of US fundamentals yesterday. We may anticipate a further growth now to 0.6715 resistance. ❤️Please, support my work with like, thank you!❤️