AUDUSD - 24h expiry Trading has been mixed and volatile. Price action has continued to range within a rectangle formation. The primary trend remains bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.6600. We look to Sell at 0.6600 (stop at 0.6624) Our profit targets will be 0.6540 and 0.6520 Resistance: 0.6600 / 0.6630...
Aus Q4 CPI came in at 4.1% yoy, with the trimmed mean measure at 4.2% yoy – both were nicely below the economist's median forecast, and importantly below the RBA’s own forecasts of 4.5% for both metrics. We also saw the more timely monthly (December) CPI print coming in at 3.4%; a 90bp improvement – and just 40bp away from the 2-3% target band. Next week’s...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.65800 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.65800 support and resistance area. We would also like to consider the current bullish momentum on stocks and indices, usually bullish stock...
The GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines....
Today's focus: AUDUSD Pattern – Continuation/resistance break Support – .6566, .6545 Resistance – .6620 Hi, and thanks for checking out today's update. Today, we have run over the AUDUSD breaking down levels we have seen form and what we are looking for after tomorrow's Australian CPI data. Combined with the USD, there are a few scenarios. We have done our best...
Here's a simplified analysis for AUD/CAD: Long-term view from the weekly chart indicates a bearish trend. Mid-term perspective on the daily chart shows a broken bullish channel, replaced by a bearish one. Considering fundamental factors: Escalating tensions in the Middle East may increase the chance of the Beijing-Taipei conflict, potentially impacting AUD...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.65900 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. One significant factor contributing to this outlook is the ongoing rallies in indices and the...
First opportunity AUD/USD Australian inflation data released Tuesday evening, might make the AUD/USD the most interesting pair to watch this week. This is because inflation will likely come in higher than 4.0% still. Less than 24 hours later, we then have the US Federal Reserve’s interest rate decision on Wednesday, which will be one of the most watched forex...
In our last analysis we identified a perfect breakout trade. We explained exactly how to enter - both risk entry and safe entry depending on your appetite. Setup played out perfectly resulting in a massive 450pip gain! What we now have is a typical correction before the next breakout. We could create a complex abc correction so if looking to trade the next...
#GBPAUD UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #GBPAUD. GBPAUD is forming a bullish peanut pattern, which is an indication of flying high in upcoming time. Here we can see that it is on the major support zone, and we can see that is is forming a bullish candle. We can take...
#EURAUD UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #EURAUD. EURAUD, is going to retest the most recent liquidity pool and then liquidate it. here we can see that there is a major trend line in the HTF, which is broken with the big red candle. As we can see that if it liquidate the...
Hey Traders, in the coming week we are monitoring EURAUD for a selling opportunity around 1.65400 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.65400 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.07700 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07700 support and resistance area. Trade safe, Joe.
In today's trading session, AUDUSD traders are eyeing a potential buying opportunity around the 0.65700 zone, leveraging the pair's uptrend amidst a correction phase. However, the unfolding fundamental landscape, particularly influenced by the US Core Personal Consumption Expenditure (PCE) Price Index, demands meticulous analysis to navigate market dynamics...
I really like how AUDNZD reacted to a key horizontal support on a 4H time frame. After its test, the pair started to consolidate and formed a horizontal range. Breakout of the resistance of the range was a strong bullish signal. We see a positive bullish reaction now and can anticipate a further growth. Goals: 1.0814 / 1.0828 ❤️Please, support my work with...
Dear traders, Dive into the AUD/CAD realm with a blend of geopolitical insights and technical signals: Before we venture into any further downward potential, keep a close eye on the critical level around 0.8822 for potential breakthroughs. Here's the geopolitical and technical mix in our AUD/CAD analysis: Geopolitical Considerations: Wednesday's Bank of...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89000 support and resistance area. Trade safe, Joe.
In today's trading session, our attention is on AUDNZD, with a keen interest in a buying opportunity around the 1.07900 zone. Having broken out of a downtrend, the pair is currently in a correction phase, edging closer to the retrace area at 1.07800 support and resistance. A potential target could be the monthly resistance at 1.08700. Now, delving into the...