Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
On the monthly charts we have abearish trend targeting the monthly low. On the weekly charts we have registered a change of character on the long term trend. We have confirmed the reversal from bullish to bearish. On thedaily charts we have an internal break awaiting break of key levels to confirm sell limit orders. On the 4 hour charts we have a minor bearish...
On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction. On the lower time frames, we signs of a bullish correction forming though we do not yet have a clear confirmation. On the 4 hour,we have internal bullish structure with minor bearish correction. Once we have a...
AUD/JPY is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 99.37 which is a pullback support. Stop loss is at 98.07 which is a level that lies underneath a pullback support and the 161.8% Fibonacci extension level. Take profit is at 101.34 which is a level that aligns with the 100.0% Fibonacci...
hello everyone, in my last analysis the price broke the resistance level (mainly due to bullish AUD & bearish NZD news), overall the NZD is performing poorly... price is predicted based on AUD fundamental and technical analysis... upcoming AUD CPI (today) and retail news (tomorrow) couldn't make this pair bearish or bullish... if news is bad then technically...
The Japanese Yen (JPY) has been making waves in the forex market, but not necessarily in a good way. Major JPY pairs like USDJPY, EURJPY, and AUDJPY have all found themselves in a tense standoff with resistance levels for nearly a week now. This has many traders wondering: is it time to jump in, or should we wait for a clearer signal? **The Resistance...
AUDNZD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long AUDNZD Entry Point - 1.0893 Stop Loss - 1.0880 Take Profit - 1.0916 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
GBPAUD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
GBPAUD broke and closed below a wide daily demand area last week. We see a retest of a broken structure after a release of the yesterday's fundamentals. I believe that the fall may continue from the underlined red area. Goal - 1.913 ❤️Please, support my work with like, thank you!❤️
AUD perspective: Positive: - The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know) -> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here - Retail sales came in stronger...
First things first: The German Inflation today will come lower (3.7 or 3.8) than the consensus forecasts (4.0) -> Great for my EUR Short
Overview: AUD/CAD completed XABCD harmonic pattern, finding strong rejection at point D (0.87200). Price now re-testing key support, suggesting bullish potential. Entry: Consider entry at current price 0.88160 to align with anticipated bullish sentiment. Risk Management: Place stop-loss at 0.87200 to mitigate downside risk. Profit Targets: TP-1:...
A fairly easy and straightforwarded trade: Just short the GBPAUD on rallies as the RBA will (very likely) still hike rates in 2024, where as the UK is done with rate hikes and will cut much faster than the market expects right now. UK: - CPI will fall faster than the BOE expects it right now. - Especially services inflation will has a big downside surprise risk...
As a wise trader once said: "Trading is a simple game. What makes it so complicated is the presence of the SNB." In short and simple terms: I'm buying the AUD against the CHF for a long-term swing trade. The reasons for this are short and sweet: - As predicted back in February, Swiss inflation fell below 2% in July. - As predicted, Swiss inflation fell much...
AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH. See...
Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.93000. Like, comment and subscribe to be in touch...
Hello traders, we want to check the EURAUD chart. The price has reached the specified support level after a downward movement. We expect this level to stop the price downward trend and the price will increase to around 1.64900. Good luck.
Hello traders, we want to check the AUDCAD chart. The price is moving in an ascending channel and we expect the identified resistance level, which the price has reacted to several times in the past, to stop the upward trend and the price to fall to around 0.89000. Good luck.