AUDNZD crossed under the 1day MA50 this week for the first time since May 24th. That is the bearish leg from the Falling Resistance to the Rising Support in order to form the new Higher Low. The 1day RSI just entered the 4 month Support Zone, where the price Low was formed at the bottom of the Support Zone. This is still a good sell. Target 1.061500. Follow...
AUDUSD - 24h expiry We are trading at oversold extremes. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected...
I'm expecting further strength for the Aussie this week, and weakness from the Yen against it, so I'm looking for a long. We may fall-back to the 38.2 fib but then I think we'll see a strong move upwards, breaking out of the bull flag. We've seen this retracement as the pair became over-bought, but we now seem clear for a continuation upwards. I'm keeping a...
Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.90500 zone, GBPAUD was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89100 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching a significant weekly support and resistance zone of 0.89100. Trade safe, Joe.
The supply area ahead is very attractive to me. I will wait for the price reaction to this strong area and enter a sell position with appropriate confirmations As you can see, the exit of powerful candles from the order block area shows the strength and importance of this area
Hey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.60300 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching a signification weekly supply and demand zone of 0.60300. Trade safe, Joe.
Price is approaching a big resistance at 96.85 which is an overlap resistance and a 127% Fibonacci extension. A reversal from here could see prices drop to the 96.53 level where the start of the breakout occurred. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
Yesterday, the AUD/USD experienced its third consecutive day of growth. However, the upward trend is expected to face obstacles during Tuesday's trading session due to the impending Reserve Bank of Australia meeting. Despite some analysts adopting a more hawkish stance and predicting a rate hike as the most likely outcome of today's meeting, money market traders...
Hey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.07500 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.07500 support zone. Trade safe, Joe.
AUDUSD rebounded late last week and reached again the 1D MA50 on neutral 1D technicals (RSI = 46.104, MACD = -0.001, ADX = 23.912). This is the first rebound after the June 16th High, which was on an overbought 1D RSI and formed a Lower High inside the wide Channel Down pattern. The neutral technicals indicate that this is potentially the ideal short entry on an...
AUD/USD retracted around -4.4% from the June high, and it appears we may have seen a swing low around 66c. The pullback found support around a volume cluster from the previous rally and formed a 3-day bullish reversal pattern (morning star reversal). Soft US inflation helped weigh on the US dollar, and an RBA hike tomorrow could send the Aussie higher. Money...
Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.66800 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66800 resistance area. I would also keep an eye on RBA rate decision this week, if it's dovish enough that should be a decent...
Last week, I mentioned about looking to short on AN if there's opportunity...a pullback pull can be seen since tues. Bearish flag on h4, looking to start shorting again for AN. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it...
Bias to go on long on lower timeframe Likewise same for EurAUD **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...
Hey Traders, in the coming week we are monitoring AUDCHF for a selling opportunity around 0.62 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.62000 support and resistance zone. Trade safe, Joe.
HeyTrades, in the coming week we are monitoring EURAUD for a buying opportunity around 1.62900 zone, EURAUD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.62900 support zone. Trade safe, Joe.
AUDJPY crossed today over the MA50 (4h), breaking at the same time above the 10 day Bull Flag pattern. All this after holding the MA50 (4h) as Support. Trading Plan: 1. Buy on the current market price. Targets: 1. 97.675 (Resistance 1). Tips: 1. The RSI (4h) broke above its Resistance. An additional bullish signal. Please like, follow and comment!!