After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5. 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...
AUD/USD is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit Entry: 0.66244 Why we like it: There is a pullback resistance level Stop loss: 0.66672 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension Take profit: 0.65513 Why we like...
AUDJPY is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit Entry: 100.359 Why we like it: There is a pullback resistance level Stop loss: 100.699 Why we like it: There is a resistance at the 127.2% Fibonacci extension Take profit: 99.235 Why we like it: There is an overlap support...
EURAUD - 24h expiry The medium term bias remains bearish. A higher correction is expected. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Preferred trade is to sell into rallies. We look to Sell at 1.6480 (stop at 1.6516) Our profit targets will be 1.6390 and 1.6370 Resistance: 1.6480 / 1.6510 /...
In anticipation of tomorrow's trading session, our attention is fixed on AUDCAD, with a potential selling opportunity materializing around the 0.90300 zone. Currently entrenched in a downtrend, AUDCAD finds itself amidst a corrective phase, edging closer to the pivotal 0.90300 support and resistance area. It's essential to trade prudently, particularly as broader...
AUDUSD / 1D Greetings, traders! Welcome back to another market analysis. The AUDUSD pair has been following a bearish trend, with the price indicating signs of breaking out from a channel. This breakout suggests the possibility of further upward movement. I intend to consider entering positions at lower prices following confirmation of the lower time frame during...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities But do keep in mind if BOJ gonna dish out stuns on its interventions. Do check out my stream video for the week to have more explanation in place. Do Like and...
In our last analysis, we had anticipated the AUD/USD would drop but after the ISM PMI result, the market turned the table and told us that the price has more corrections to do. in this case, we expect an ABCDE diagonal triangle pattern to be completed by price. Our technical view has been shown in the chart. If you like it then Support us by Like, Following,...
The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions. In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there...
Last time we made a call on the EURAUD pair (January 02, see chart below), we caught the best buy entry right at the bottom of the former Channel Down that easily hit our 1.6600 Target: This time we are presented with a strong sell opportunity as the price just broke yesterday below the March 07 Support, making a new short-term Lower Low. This confirms the...
GBPAUD is rising towards a resistance level which aligns with the 50% and the 78.6% Fibonacci retracement and reverse from this level to our take profit Entry: 1.92761 Why we like it: There is a pullback resistance level which aligns with the 50% and the 78.6% Fibonacci retracement Stop loss: 1.94481 Why we like it: There is a pullback resistance level Take...
AUDUSD / 1D Greetings, traders! Welcome back to another market analysis. The AUDUSD pair has been following a bearish trend, with the price indicating signs of breaking out from a channel. This breakout suggests the possibility of further down movement. I intend to consider entering positions at lower higher prices following confirmation of the lower time frame...
The GBPAUD pair gave us an excellent buy signal last time we looked at it (December 29 2023, see chart below), easily hitting our 1.9000 Target: This time we have a Sell Signal that the pair just flashed as it just broke today below the 1D MA200 (orange trend-line) for the first time since January 15. Last time that happened was on December 13 2023, when...
AUDUSD could fall towards the pullback support and potentially bounce from this level to our take profit Entry: 0.65357 Why we like it: There is a pullback support level Stop loss: 0.64830 Why we like it: There is a pullback support level Take profit: 0.65958 Why we like it: There is an overlap resistance level which aligns with the 78.6% Fibonacci...
Title: "Analyzing AUD/JPY: Inverse Head and Shoulders Formation with Bullish M Pattern on 4-Hour Chart" In the recent analysis of the AUD/JPY currency pair, a notable technical pattern has emerged on the 4-hour chart, presenting potential trading opportunities: 1. **Inverse Head and Shoulders Pattern (H&S):** - The chart displays an inverse head and shoulders...
EURAUD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.6560. We look to Sell at 1.6560 (stop at 1.6596) Our profit targets will be 1.6470 and 1.6450 Resistance: 1.6560 / 1.6590 /...
Has been a while since we looked into the AUDNZD pair, following our Sell Signal on November 16 2023 (see chart below): The price has now reached the 1.093250 Symmetrical Resistance, which has basically only broken once in the last 12 months. Ahead of a potential 1D MACD Bearish Cross, we see a high resemblance of the current High with the June 20 2023...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. We would also like to consider the current bearish bias on stocks that AUDUSD is having a positive...