**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...
This forecast is not my own work, this was taken from Elliott Wave forecast (I am not a member of the service) This trade is live on my personal account not the firms.
Hey Traders, AUDCAD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend around 0.89600 support and resistance zone. if bulls are confirmed i would set 0.91300 as a target as it's considered the next major resistance AUDCAD will be facing. i would also like to put an eye on the stock market since stocks...
The AUDNZD pair is technically bearish on the 1D timeframe (RSI = 42.033, MACD = -0.005, ADX = 29.502), trading under the P1 Zone, which has been in place since 2021. It is under both the 1D MA50 and 1D MA200 and it targeting the HL trendline (TP = 1.05300). If the dashed LH trendline breaks, we will buy aiming at R1 (TP = 1.10800). ## If you like our free...
AUDUSD - 24h expiry - Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Short term bias is mildly bullish. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend...
The AUDUSD reverses the recent gains seen earlier in the week and is now trading below the 0.67 round number resistance level again. With the momentum currently to the downside, look for the AUDUSD to break below the bullish trendline to signal a confirmation of further downside potential. Downward moves on the AUDUSD could find the first support at 0.6635 and...
AUDUSD on the 4h chart is trading below a daily resistance. The price after a break of the structure is slowing retracing ton the 0.786 fibonacci area. If the market will provide us an inversion and a new break of the daily area we can set a nice long order according to the Plancton's strategy rules.
Hey Traders, AUDUSD is trading in an ascending channel and now it seems to be approaching the channel support around 0.667 Demand and supply zone. if bulls are confirmed i would set the channel resistance as a target. fundamentally US data are still printing softs which have triggered more USD weakness and considering also that the market is expecting the US...
AUDCAD is trading inside a Channel Down pattern with the 1D technicals bearish (RSI = 43.171, MACD = -0.004, ADX = 38.042). Even though the long term pattern is bearish, the rebound yesterday and closing over the 1D MA200 can be a bullish signal along with the HL that the RSI is on (bullish divergence). However until the 1D MA50 breaks, we cannot call for any...
I expect further increases on this pair. TP around 0.6860. About 120 pips.
Looking to take the ride all the way down, set proper risk management. Happy trading
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 91.400 zone, AUDJPY is trading in a downtrend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 91 resistance area. i would consider the descending channel support area as a target once bears are...
The AUDCAD opened this week below the wedge pattern, but quickly closed above it, indicating a desire for the price to move up. However, it needed to retest the strong resistance level at 0.905, which coincidentally is also where it meets a descending trendline, the upper edge of the wedge pattern, and the 23.6% Fibonacci level. Based on my analysis, this could be...
EURAUD is trading on a key weekly structure resistance. Once the underlined area was reached, the pair started to trade within a horizontal range for 9 consequent trading days. Its support was finally broken yesterday. I think that the pair may drop now. Targets: 1.593 / 1.5717 ❤️Please, support my work with like, thank you!❤️
The recent decision by the Reserve Bank of Australia (RBA) to raise the benchmark interest rate by 25 basis points to 3.6%. When a central bank raises interest rates, it signals that they are trying to control inflation by reducing the amount of money available for borrowing and spending. This can help to stabilize prices and keep inflation under control. It can...
Potential to turn on higher timeframe .waiting for it to clear 1.6150 area. **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...
Hey Traders, AUDCAD was trading in a downtrend but then successfully managed to break out the trend and seems to be in a correction phase. if we get a decent pullback i will be monitoring a potential retrace of the trend around 0.908 support and resistance zone. keep an eye on american indices too as they do correlate positively with the AUDCAD pair Trade safe, Joe.
Hey Traders, Check this analysis it on EURAUD, and let me know what you think. The pair is at the weekly supply / resistance zone and it has been retested 3times already (that could be be a weakness or strength). So it is very important to wait for what the market will do, since there are little to no volatility in the market since Monday, rushing into any...