GBPAUD is on neutral 1D technicals (RSI = 51.795, MACD = 0.008, ADX = 21.379), which indicates high upside potential inside the two month Channel Up into Rising Megaphone pattern. In addition, the price is holding the 4H MA200. Target the top of the Channel Up (TP = 1.92000). ## If you like our free content follow our profile to get more daily ideas. ## ##...
I Expect a breakout of the rangning market expecting a significant news on AUD Early Tomorrow possible to move the price Bearish
Still I think this gonna go up, I've closed my first entry on Friday but today price reached the planned stop. I will place a buy limit there. Remember: Take some profits if the trade is going as planned and move your SL to entry.
The EURAUD pair gave us last time (January 17) an excellent buy signal on the 1D MA200 (orange trend-line): Right now the pair is testing its 1D MA50 (blue trend-line) following a Higher High rejection within the recent Channel Up. Technically that is a short-term sell signal and we will follow it, targeting the bottom of the Channel Up at 1.60500. With the...
AUDUSD - 24h expiry There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 0.6806. We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at...
The AUDNZD pair got rejected on the 1D MA50 turning the 1D technicals bearish (RSI = 42.793, MACD = -0.002, ADX = 30.864) for the first time in a month. The price got also rejected on the 1D MA200 and the LH trendline on April 21st, which started the current bearish leg. This may give a rise to a Channel Down. We are short, targeting the HL trendline (TP =...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67700 zone, AUDUSD is trading in a downtrend in currently seems to be in a correction phase in which it is approaching the major trend at 0.67700 zone. We would also keep an eye on this week CPI to confirm the trade. Trade safe, Joe.
BUY @ 1.62150 Sl @ 1.161400 Tp @ 1.65000 Price has broken out of trendline and reached a support zone. Expecting a retracement to the .50 fib level before further weakness. AUD index has been consolidating for some time now and has reached the top end so we may see a push down from that level.
The GBPAUD pair is trading within a Channel Up pattern since the February 02 Low. With the 1D MA50 (blue trend-line) supporting, it is attempting to fill the Gap form January 28 2022 and test that Resistance. As long as its holds we will be bullish targeting 1.92300. A closing below the 1D MA50 will be a sell signal, targeting the 1D MA200 (orange trend-line) on a...
In my trading strategy, I analyze eight custom currency indexes on the 30-minute time frame to capture short-term market movements. I utilize pivot points, Exponential Moving Averages (EMAs), and various technical analysis techniques to develop a bullish or bearish bias for each currency. By examining the interactions between these indicators and price action, I...
AUDCHF managed to break the downward trendline and 🔴resistance zone🔴. Currently, it seems that AUDCHF has succeeded in completing a pullback; the sign of the completion of the pullback of the Hammer Candlestick pattern is near the resistance zone in the 15-minute and even one-hour time frames . I expect AUDCHF to go up to at least the 🎯target🎯 I have marked on...
We are clearly in an uptrend, I expect to retest 1.87 zone and bounce from there. Remember: Take some profits if the trade is going as planned and move your SL to entry.
Seems Like Getting ready For Some recovery Descending Channnel breakout Has Already done Expecting 200+ Pips Bullish Wave
The AUDNZD pair has hit our previous target (see chart below) and is currently on a Triangle pattern: The break-out of this pattern will dictate the next trend. Right now the price is below the 1D MA50 (blue trend-line) so currently we have to give a slight edge to the bearish break-out. In that case, our target will be 1.04700 (December 16 2022 Low). If the...
Downside risks for NZD remain, though, given asymmetric risks to RBNZ pricing. The persistent curve inversion suggests markets are pricing in a risk of a policy mistake. We are watching the Feb RBNZ meeting closely, particularly for guidance on the balance sheet," "We expect AU D to outperform NZD (targeting 1.08) given risks that swap traders reduce expectations...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURAUD is overall bullish trading inside the rising channel in red. Moreover, the zone 1.60 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my...
Fundamental Backdrop 1. Last week the AUD increased its Cash Rate from 3.60% to 3.85%. 2. It signals to the market that the economy is performing well and that inflation is likely to rise. 3. This can increase demand for Australian assets, such as bonds and equities, which in turn can lead to an increase in demand for the Australian dollar. Technical...
Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.67500 zone, AUDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.67500 support and resistance zone. Trade safe, Joe.