Trading Setup: There is a Trading Signal to Sell in AUDUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 0.6634 ⭕️SL@ 0.6681 🔵TP1@ 0.6551 🔵TP2@ 0.6466 🔵TP3@ 0.6281 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
The AUD/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a well-defined bullish pennant pattern. This breakout suggests a continuation of the prior uptrend and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance...
AUDUSD - 24h expiry The medium term bias remains bullish. The sequence for trading is higher highs and lows. Setbacks should be limited to yesterday's low. Bespoke support is located at 0.6575. Preferred trade is to buy on dips. We look to Buy at 0.6575 (stop at 0.6549) Our profit targets will be 0.6640 and 0.6650 Resistance: 0.6635 / 0.6665 /...
EURAUD has been in a downtrend but with Harmonics and a Bullish divergence in Play we can expect a Bullish Reversal from this point. Also AUD Interest staying the same AUD is currently in decline
GBPAUD - Intraday - We look to Buy at 1.8925 (stop at 1.8875) Price action looks to be forming a bottom. Bullish divergence is expected to support prices. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Preferred trade is to buy on dips. Bespoke support is located at 1.8925. Our profit targets will be...
AUDNZD is displaying a prominent double top formation with a bearish divergence on the RSI. Pending RBA interest rate decision can be the catalyst for its reversal. Sentiments are also 97% short SHORT from break of LH.
AUDUSD is registering huge net buy volume on the weekly data suggesting a shifting trend to the upside long term. Higher lows on weekly histogram and pricing has been created cementing the current range as the new base for the series of price growth. It is now sitting at 61.8 FIB LEVELS -- an area where buyers converge. Expect more upside valuation for the pair...
AUD/JPY is rising toward a resistance level, which acts as a pullback resistance aligning with the 38.2% Fibonacci retracement. A rejection at this level could indicate a double top pattern, potentially leading to a price drop toward our take profit target. Entry: 101.961 Why we like it: There is a pullback resistance level which lines up with the 38.2% Fibonacci...
In anticipation of the forthcoming FOMC meeting, the AUDUSD currency pair is demonstrating a notable increase in value, defying the backdrop of data indicating a prevailing contraction in private business activity across Australia during March. Despite these domestic economic challenges, market attention remains focused on the Reserve Bank of Australia’s (RBA)...
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AUD/CAD FX:AUDCAD has reached the 0.9000 psychological level. Also, we can see the price is completing an ABC correction. So today, the CAD data will determine the next move. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and...
GBPAUD - 24h expiry The medium term bias remains bearish. The sequence for trading is lower lows and highs. Bullish divergence is expected to support prices. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9250. We look to Sell at 1.9220 (stop at 1.9270) Our profit targets will be 1.9100 and 1.9070 Resistance: 1.9150 / 1.9250...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65900 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 065900 support and resistance area. Trade safe, Joe.
AUDCAD is displaying a Mutli TF Divergence on the 1Hr and 4Hr with a double Top Pattern on both TFs. A reversal for AUDCAD can be expected news being the catalyst.
Price is rising towards a resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.65493 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.65866 Why we like it: There is a pullback resistance...
Fed rules out rate hike. Will the RBA now do the same? The US Federal Reserve maintained its policy rate within the 5.25%-5.50% range as anticipated. Notably, Fed Chair Powell, in the press conference, expressed that while the central bank remains vigilant about inflation risks, a hike is "unlikely" for the next move. Will the Reserve Bank of Australia (RBA)...
The EUR/AUD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken...
Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 0.64558 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.64005 Why we like it: There is a pullback support...