Hello Traders! On 29 Friday September, The AUDCHF Price Reached A Resistance Level (0.59166 - 0.59294). Currently, The Price Failed To Create a New Higher High. The Last Higher High is Broken (Break of Structure). The Support Line is Broken. So, I Expect a Bearish Move📉. i'm waiting for retest... ----------- TARGET: 0.56750🎯 ___________ if you agreed with this...
Take a look at a strong rejection from a key horizontal daily resistance on AUDCHF. After a test of 0.5925 level the market dropped and violated a support line of a rising parallel channel. Taking into consideration that the pair is trading in a long term bearish trend, probabilities are high that the market will drop now. Goals: 0.577 / 0.567 ❤️Please,...
EURJPY was consolidating within a horizontal trading range for the entire September. The market finally dropped yesterday and successfully closed below the support of the range. The broken support now turned into a strong resistance. I will anticipate a bearish movement from that to 155.12 / 154.5 ❤️Please, support my work with like, thank you!❤️
Hi Traders! The AUDNZD Price Broke a Strong Daily Support Level (1.07720 - 1.07252). Currently, This Support Level Becomes a New Resistance Level. The Support Line is Broken. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 1.05800🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5...
AUDNZD broke and closed below a solid horizontal supply area on a daily. The broken structure turned into a resistance now. The market will most likely keep falling. Next goal - major weekly rising trend line. ❤️Please, support my work with like, thank you!❤️
AUDUSD got rejection at the top of the medium term Channel Down and closed on the MA50 (4h) on Friday. This is negating a Golden Cross on the (4h) time frame. Trading Plan: 1. Sell on the opening market price. Targets: 1. 0.63300 (Support 1). Tips: 1. The MACD (4h) is on the verge of a Sell Cross, the same kind after the previous two Lower Highs on the...
GBPAUD turned briefly oversold on the 1D technical timeframe (RSI = 30.322, MACD = -0.013, ADX = 62.269) while pricing a LLL at the bottom of the Channel Down and the S1 level. The latter in particular can attract considerable buying power to push it for a 1D MA50 and R1 Zone test. This will determine the trend onwards but on the short term following 6 weeks of...
EURAUD broke and closed below a support of a horizontal trading range on a daily. Taking into consideration the fact that the pair is trading in a minor bearish trend since the middle of August, such a violation may signify the remaining strength of the sellers. I expect a bearish continuation to 1.6275 ❤️Please, support my work with like, thank you!❤️
AUDUSD has held the bottom of the 2+ year Channel Down for 7 weeks straight. With the exception of September 2022 (fundamentals) such trading action initiated a rebound to the 1week MA50 at least. This is therefore a very strong buy opportunity to target the 1week 50. If it closes a week over it, you can extend buying to a little under the 1week MA100. Follow...
AUDNZD is almost oversold on the 1D timeframe (RSI = 32.701, MACD = -0.002, ADX = 44.479) hitting yesterday the July 14th Low. The long term pattern started as a Channel Up but recently has switched to a Rectangle. The 1D RSI has been a Rectangle through the whole year and being on its bottom currently, calls for a buy. We are long, targeting the LH trendline (TP...
The AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High: The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the...
The EURAUD pair is close to hitting the Target we set a month ago (see chart below) on the bottom (Higher Lows trend-line) of the Channel Up pattern since mid-September 2022: Since the 1D MA100 (green trend-line) has held as Support for 9 straight sessions, the market may consider it as the new bottom. It would be best to take the good profit made throughout...
Hello There! Welcome to my new analysis about EURAUD on several perspectives. The Eurozone inflationary pressures increased massively within the recent times determining a huge bearish edge against the AUD zone, especially as inflation in the Eurozone is not yet tackled by continued higher rate hikes with which the ECB, European Central Bank is trying to...
The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming...
Hello Traders, Shorter term traders could sell around 0.6429. We are waiting for a break below 0.6356 or over 0.6429 to determine the direction of the market!
The AUDNZD pair has been neutral as of late, trading within a 1.073350 (Support) - 1.093250 (Symmetrical Resistance) range. The 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) have both been turned into pivots in a peculiar sideways pattern. As long as the Support holds, buy and target 1.091500. On the slightest break and 1D candle close below the...
AUDUSD has been in a bear market July 2023. Price stalled out and ranged since August 2023. We have since seen bulls try to break out of this 3-month range and failed every time. The resistance is around 0.6530, which is yet to be broken. We recently have seen a strong rejection of that resistance following last weeks USD interest rates. The Australian Dollar has...