Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a buying opportunity around 0.63600 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.63600 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.63400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.63400 support and resistance area. Trade safe, Joe.
Hey Traders, in tomorrow’s trading session we are monitoring AUDUSD for a selling opportunity around 0.64500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64500 support and resistance area. Trade safe, Joe.
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...
AUDUSD - Intraday Buying pressure from 0.6331 resulted in prices rejecting the dip. The current move higher is expected to continue. Indecisive price action has resulted in sideways congestion on the intraday chart. Preferred trade is to sell into rallies. Previous resistance located at 0.6510. We look to Sell at 0.6510 (stop at 0.6540) Our profit...
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...
Hello There! Welcome to my new analysis about AUDUSD on several timeframe perspectives. The AUDUSD continued with continuational bearish price-action as it pulled back from several levels to continue forming lower lows. Now a major consideration here is if this trend into the bearish direction is holding on and in my chart I detected major signs that such a...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64250 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64250 support and resistance area. Trade safe, Joe.
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!
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64600 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.64600 support and resistance zone. Trade safe, Joe.
AUDUSD is trading inside a Channel Down pattern since the start of the year with the price consolidating at the moment on its bottom. Naturally, the 1D technical outlook is bearish (RSI = 41.632, MACD = -0.003, ADX = 25.040), under both the 1D MA50 and 1D MA200. The LL was made marginally over Fibonacci 2.0 extension, so there is a strong symmetry with the prior...
Hey Traders, in today’s trading session we are monitoring AUDUSD for a selling opportunity around 0.65500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.65500 support and resistance area. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring AUDUSD for a selling opportunity around 0.64600 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64600 support and resistance zone. Trade safe, Joe.
AUD/USD Faces Headwinds Amidst USD Resurgence and Economic Concerns Introduction The AUD/USD pair is experiencing a downward trend during the Asian trading session on Tuesday. It is retreating from a recent high near the 0.6450 level, currently trading around the 0.6420-0.6430 region. The Australian Dollar (AUD) is under pressure due to several factors,...
The AUDUSD pair delivered us an excellent sell signal on Aug 02 (see chart below), hitting our 0.6400 target: The price has now been consolidating at the bottom of the 7-month Channel Down on Lower Lows and with the 1D RSI on Higher Lows at the same time, we have a strong Bullish Divergence at hand. The Lower Highs leg that bottomed on March 08, reached the...
AUDUSD - 24h expiry A Doji style candle has been posted from the base. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into...
Hello traders, investors and community. Today i will take a bullish look on AUDUSD and what the chart is showing me, the absolute high probability signs for some bullish outcomes. On my chart you see the daily price action of AUDUSD. AUDUSD is just about to form a massive bottom formation with an descending triangle about to complete. I detected it and it is...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64000 support and resistance zone. Trade safe, Joe.