During the previous week, our market performance demonstrated a degree of advancement; however, it presently exhibits characteristics of range-bound behavior. It is worth noting that last week, there was an upward movement, with an attempt to challenge the significant monthly resistance level of 64.58. Remarkably, this resistance level held firm through the close...
Despite strong data from the US and weak data from China over the past few weeks, AUD/USD bears have failed to keep the Aussie below 64c. Even a strong inflation report from the US on Wednesday resulted in the Aussie springing back above that key level. Since then, we have seen the pair break a retracement line on the 1-hour chart as part of a bullish breakout...
The AUDUSD pair hasn't been moving much lately, which confirms that the bearish trend, or the expectation for prices to go down, is still in place for the near future. We believe this because a line called EMA50 is pushing prices down, and we're aiming for a target of 0.6300 as our main goal. To keep this expected downtrend going, it's crucial for prices to stay...
Hello again, TradingView comrades! As the day progresses, the market keeps revealing more layers and I'm here to share yet another analysis of the day. For both newcomers and our dedicated followers, let’s quickly brush up on the foundational aspects of this series: Transparency, Not a Tutorial : I’m giving you an overview of the setups I come across, but the...
A long trade opportunity recently presented itself on the aussie-dollar trading chart, following a bullish engulfing candlestick pattern just above the 0.66000 psychological level (there's even a confirmation candle after the signal candle). A good upward momentum should see price trying to test the 0.69000 psychological level again.
Last week we gave an idea on selling AUDUSD at 0.6887. This worked out really well and we made about 2%. The pair is still with the uptrend and we see a pattern to buy this now. Entry: 0.6810 SL: 35 pips Target: 70 pips. Here is why we are going for this: 1) W1, D1, H4 is all uptrend. 2) There is divergence on M15 3) The pattern looks good FX:AUDUSD
The Aussie has seen an impressive short-covering rally over the last couple of weeks, where large speculators were had their most bearish net-exposure since September. Another ‘surprise’ RBA hike (to some…), calls for a Fed pause, stimulus from China and higher have helped it recoup losses sustained since the May high. And our attention now shifts to the FOMC...
On the one-hour chart, AUDJPY is in the area of overhead resistance and the supply zone. Both the zero-lag MACD is showing bearish divergence. The mass index indicator has already given a reversal signal where mathematically the indicator goes over 27 and then triggers when it crosses down on 26.5 This indicator often misses a reversal but seldomly generates...
On the 15 minute chart- the AUDNZD pair is shown to have encountered overhead horizontal resistance by the Luxalgo indicator. It has been unable to get above the 2nd standard deviaion line of the anchored VWAP and deflected downward. Price is now below the POC line of the multisession volume profile. Overall, bearish bias is on the chart as confirmed by the...
OANDA:AUDUSD After NY didn't disappoint with its usual tight range, got my 10pips on the AUDUSD on the heels of Asia open. Yes, I am bitter with the NY session being not friendly to the charts. They say yeah, "the London/NY overlap is the best," yeah "NY has the highest volume.." Sure, let the sheep follow. Im no sheep, I dont buy into that garbage, LOL
OANDA:AUDCAD Loonie gave me my 10 pips Took a short a little after Asia open, took some time to get this to hit.
OANDA:AUDCAD Got my late (early) 10 pips Shorted, why not.....
AUDUSD went down as the dollar gained some strength on Friday. It is nearing a demand area where it should correct upward to fibo levels before continuing its downward journey.
Hello traders aus/usd is in rally up to get the liquidity then we probably will have a nice sell setup on our order block to get to those bisi fvg and thin liquidity area it is 1 to 2.5 RR very good setup it can take a little bit longer can be short term swing trade let me know what think
On the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands. The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line. Another good sign is price is approaching a volume void /gap on the volume...
Hey traders, possible H&S Pattern, while price is pulling back to trend line.
According to previous analysis, lets have a look at Aussie Big Picture.