Targets 0.72/0.724. Main stop loss is i 0.713
The 4H chart is showing the formation of a possible double top. If the price continues to fall down to the neckline, we could see a nice short trade set up here. The MACD and the RVI indicate that price may temporarily reverse as bears come into power. Confirmation? I will wait for the price to break the neckline before entering a short trade.
Evening Traders, Today’s analysis – USDAUD – formed a double bottom structural with the immediate target swing high upon an S/R flip confirmation. Points to consider, - Immediate trend bullish - Structural support confluence (.618 Fibonacci, 21 MA) - Local support respected - Oscillators over-extended - Swing high target USDAUD's immediate trend is...
Short term tip. Stop loss is 0.7245
AUD/USD daily- Testing overhead resistance.
AUD/USD daily- Consolidating within a Symmetrical Triangle. Most likely a bearish breakout- Since the US10y treasuries have already broken downwards out of its Symmetrical triangle on the daily chart. The AUD/USD and S&P500 index will follow suit.
AUDUSD (4hr) 1-2-3 Trend Reversal? Must complete all three steps to be a trend reversal. Step 1- Check. Step 2- Check. Step 3- must break red support line (previous low).
AUD/USD daily- Prices consolidating between support/resistance.
If you are looking for the strongest support you can ever think of, it is the one USD/AUD chart is now at 1.420-1.425. Check month timeframe to see it yourself (or even year tf). Good chances for a nice bounce from this level. I'm talking about 270-300 pips at least with higher targets at 1.47 for 500 pips . If that support will be broken, still this trade...
AUD/USD weekly- Technically still in a downtrend. Downtrend line not breached yet.
AUD/USD hitting old January highs (yellow horizontal line), with upper bound of Rising Wedge. Plus daily chart RSI at 80! Very overbought conditions in the short term.
Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptable high failure rate and small post breakout declines. They also have a 72% probability of pullbacks. Rising Wedges breakout direction: 60% probability downwards. thepatternsite.com From Thomas Bulkowski- encyclopaedia of...
An ascending wedge has formed. Also, there's a white box which is a mirror resistance level from which we can go down, and if we'll break it with volumes, we've got a long-term resistance line in the zone of 0.67-0.68 from which we'll see some falling. Best regards EXCAVO
Strong green buy signal stopped on March 2020 using Traffic lights system.
Week ahead: GDP and Inflation It is a busy week ahead for the markets as the Coronavirus is still front and center. Oil is up 75% in the past month while tensions between the United States and China escelates. Traders and investors should take caution when entering into the markets this week.. As of today, the Coronavirus death toll stands at 343,116 as the...
AUD/USD Daily- back to test the 61.8% Fib Retracement. It's sink or swim. Failing this level, it's back to the 50% Fib level.