Take a look at AUDUSD. The pair is trading in a bearish trend. The price sets new lower highs, respecting a falling trend line on a daily. After its last test, the price formed a double top formation on that on an hourly time frame. Its neckline breakout leaves a strong bearish intraday clue. I expect a bearish movement to 0.6345 / 0.6335 ❤️Please, support...
GBPAUD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 1.9175 will confirm the bullish momentum. The measured...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD 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...
There is no good news to pull the price to the wing, and the technical chart shows us the price drop.
We can see another rejection from the 1.0915 level, making this a local triple top, I think we will break this and move higher in the coming weeks, however expecting a short term retracement first, to around the 0.5% Fib.
There's talk of the BoJ lifting the limit on yields to 1.5% from 1% this week, which would be a very strong catalyst for the Yen to start showing some strength. We can see that this pair does not have any direction at the moment, trading in a flag pattern, but I don't see this as either bullish or bearish at the moment. I'm not sure how or when or if to trade...
We're coming to the end of the long-term descending triangle. I'm generally expecting some big shifts across the markets by the end of November, in terms of reversals and this is one pair hot on my radar. I don't thin we'll break out for a few weeks, but I've got daily tabs on this, as coming to the end of the descending triangle with really solid support. Cad...
(Refer to my linked HTF analysis on AUDUSD) I still have Interest in the Buyside Liquidity mentioned in my previous post on AUDUSD. Price took out the annotated Sellside Liquidity, however, not by much. I'm expecting one more run lower with a proper Daily candle close before we move up towards the Buyside Liquidity. I will be waiting for a convincing...
Expecting more sells after AU get to the 50EMA and sell to 0.62709
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD 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...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDJPY 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...
Australia's CPI data, released yesterday, showcased figures hotter than anticipated. While this may not be 'reaction-worthy' news on its own, the scenario in Australia is worth delving into for several reasons. Inflation Trends Initially, let's consider inflation trends. In most western economies, although inflation remains above central bank targets, the...
The AUDCAD pair is trading inside a Channel Down for the whole year. Today it hit the 1day MA100 for the first time in 3 months. After March 24th, all 1day MA100 tests have ended with huge price rejections. The lowest bearish sequence has been -3.14% and the highest -4.68%. Sell now and target 0.8515 (-3.14% decline). Previous chart: Follow us, like the...
We made our trade analysis on this pair yesterday and we saw it play out our prediction. This pair played out right according to our prediction. We witnessed prices drop all the way to hit our 1 hour liquidity target. Market came very close to our 4 hour target but reversed Bullish. On the 1 hour chart, the market has reversed Bullish. We have a new Panzy Pips...
Things move quickly when the central bank detail that their tolerance for inflation is low. Only recently it was the widely held consensus that interest rates in Australia were on hold for an extended period, and the next move was most likely a cut. Well, that school of thought has been blown out the window and rate hikes are now once again being priced to rise....