We can see that GBPAUD has broken the weekly rising trendline with gusto at the end of last week. We have a small pinbar close on Friday which suggests a retracement back up to retest. I'm expecting strength to build up for the AUD with the positive signs coming out of China, we can see it is recovering across most crosses, and sterling weakening. BoE decision...
Last week it failed to break up, therefore resuming its down move. On lower timeframe, pullback up already in progress as we approached the key area of 1.65. Overall bias is still on the downside has h4 has structural changes **Find out more from my Tradingview Stream this...
I'm expecting continued Aussie strength as the market expects China recovery is in progress. BoJ interest rate and minutes will be big news on Friday, but before then I expect to see a continuation up within the current rising channel, breaking and retest initial support around 95.6 to rise to test the 96.6 support. We're heading into very choppy waters now, and...
During the previous week, our market performance demonstrated a degree of advancement; however, it presently exhibits characteristics of range-bound behavior. It is worth noting that last week, there was an upward movement, with an attempt to challenge the significant monthly resistance level of 64.58. Remarkably, this resistance level held firm through the close...
The Aussie Yen made an attempt to breach the key resistance levels of 94.93 and 95.05. It successfully surpassed these levels during trading on Friday, but encountered resistance, preventing further upward movement. In this week, my strategy entails vigilant monitoring of the 95.05 zone, with the intention of executing a trade aimed at returning to the established...
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.
AUDNZD is retesting a recently broken horizontal resitance. The price formed a double bottom pattern on that on an hourly time frame. Its neckline has just been broken. I believe that it is a good moment to buy the pair now. Goal - 1.0914 ❤️Please, support my work with like, thank you!❤️
**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank...
**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank...
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.87500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.87500 support and resistance area. Trade safe, Joe.
GBPAUD broke and closed below a solid rising trend line on a daily. That violation is the sign of strength of the sellers and implies at least a local change of character. Probabilities will be high that the pair will drop lower. Next support - 1.91 For entries, consider an occasional retest of a broken trend line. ❤️Please, support my work with like, thank you!❤️
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.
Despite strong data from the US and weak data from China over the past few weeks, AUD/USD bears have failed to keep the Aussie below 64c. Even a strong inflation report from the US on Wednesday resulted in the Aussie springing back above that key level. Since then, we have seen the pair break a retracement line on the 1-hour chart as part of a bullish breakout...
Hey Traders, in today’s trading session we are monitoring AUDNZD for a selling opportunity around 1.08 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.08 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...
GBP/AUD has retraced from its YTD highs in three waves, and hinted at a swing low with a Doji yesterday. Moreover, the doji formed at a long-term trendline, historical high and 50% retracement level whilst RSI (2) was in the oversold level. The bias remains bullish whilst prices remain this week's low, with an interim target near 1.9700. Given its established...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88000 support and resistance zone. Trade safe, Joe.