the pair after breaking the down trend line the 71% and 78% fib level pushed it back again under the down trend line
The AUDCHF is in a clear downtrend and hitting the H4 MA now. The pattern to sell is at 0.6505 but the pair is running out of breathe to get there. We are hence selling at Point C for a 40-60 pip ride. Stops above 0.6520.
AUDCAD is still in a downtrend. We shorted it previously which was very successful and now looking for it again. M15 and M30 is showing reversal signs. We have strong resistance at 0.8860. Holding for at least 50 pips.
Motive wave complete looking for corrective phase. Divergence on Moving averages and MACD and RSI
In our analysis, we see that AUD is likely to keep losing value against big currencies. Follow to hear more! Entry: 0.677 Stop-Loss: 0.682 Target: 0.666 Have a nice week!
Open Sell position on AUDUSD - 0,7141 SL - 0.7166 TP - 0.7055 RRR - 1:3.62 Good potential. Small risk. Let's catch some profit :)
Open Sell order on AUDUSD 0.7149 SL - 0.7175 TP - 0.7057 RRR - 1:3.54 Lets see how work angle level :)
Fundamentals:- The RBA will be making there rate announcement next week which is not expected to change. There is concern over the levels of consumer debt at the moment and lagging GDP. I expect the AUD to weaken against the stronger USD next week especially after the stela NON Farm Payrole figures on Friday. Technicals:- There is an nice area of confluence...
Broke the last support on 4HR TF now exposed to daily support.
Price broke the two-year uptrend line to the downside. I do not see any major resistance until 0.67. If we get there we could see signs of relief and start trading in a channel between 0.67-0.773 before new structure levels are tested.
Sell above 1.0484 for the ride down to recent structure lows. Even better R/R available at current market prices as we put in even a third top and bounced off. Furthermore, we have a trendline resistance helping to protect the upside.
We have a 4H cypher to sell @0.99009 and a hourly cypher to sell @0.98446
We have a bearish cypher and a gartley pattern forming here. Sell cypher @1.01145 and sell gartley at 1.0081. The cypher pattern has very strong resistance above X for stops (see higher time frame) which make it a great opportunity to sell. Furthermore, this gartley pattern has a great Risk/Reward ratio as D completes way up near X so stops will not be too far...
BOC rate decision expected to remain on hold with positive comments. RBA have left the door open for further rate cuts, weaker oil price this morning and possible weak chinesse trade balance at 8am should weigh on the AUD
Short AUDUSD is in my top 3 FX Trades for several reasons: 1. AUD is considered a riskier G10 currency cross, so AUD trades weaker in risk-off markets, or when equities/ SPX trade lower (you can see the high correlation with SPX at the bottom of the graph). - With Brexit concurring last week, global risk has increased, this is especially the case for AUD due to...
The employment data coming from Australia was a bit of a non event but we expect the FOMC minutes and the recent dovish action from the RBA to keep pressure on this currency pair. Join me for the candle stick webinar on Sunday evening FREE webinar.getresponse.com