Hey Graders, A bull flag pattern has emerged around the 1.073 level, if we get a decent breakout i will look for a potential retrace towards the upsides as the Reserve Bank of New Zealand seems to be almost in the end of a rate hike period. Trade safe, Joe.
After days of buying, we are seeing a small pause at this point in the day. The AUDJPY has started to see some red after a 5-day rally. Price is stalling at a previous level of resistance, seen at 89.90. We still see price on an uptrend with a break of the last downtrend. But buyers need to clear this resistance point to get the trend back on track. The MA...
AUDJPY reached a key level. The market became relatively overbought and formed a tiny double top on 1H. I expect a correctional move from the underlined zone at least to 89.38 / 89.0 levels. ❤️Please, support my work with like, thank you!❤️
EURAUD - 24h expiry - We look to Buy at 1.6275 (stop at 1.6230) Previous support located at 1.6300. Previous resistance located at 1.6400. We can see no technical reason for a change of trend. Further upside is expected. Trend line support is located at 1.6300. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 1.6385...
The AUD/USD pair has been experiencing a bearish sentiment lately due to a strengthening of the US dollar, which is causing the pair to move lower. This is partly due to rising inflation concerns in the US, which is increasing expectations of a faster pace of interest rate hikes by the Federal Reserve. Additionally, the ongoing trade tensions between the US and...
The AUDUSD continues the upward move, firstly because of the weakness of the DXY overnight as the CPI data signaled a slowdown in overall inflation growth for the US. In addition, stronger than expected employment data for the Australian economy added on to the upward momentum. If the price closes above the resistance level of 0.6725, further upside potential...
Trade Idea: Selling EURAUD Reasoning: Major resistance on the daily. Entry Level: 1.63764 Take Profit Level: 1.6226 Stop Loss: 1.6447 Risk/Reward: 2.28/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis...
As previously mentioned it is more on the downside..bias to short moving forwards... **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...
GBPAUD - 24h expiry - We look to Buy at 1.8510 (stop at 1.8455) Previous support located at 1.8550. Previous resistance located at 1.8700. Trading within a Bullish Channel formation. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Risk/Reward would be poor to call...
The AUDCHF pair is trading inside a nearly 1 year Channel Down, with the 1D technicals obviously bearish (RSI = 35.683, MACD = -0.006, ADX = 40.124). We will trade according to whether the LL trendline holds or breaks. If it breaks, we will sell and target the bottom of the Channel Down (TP = 0.58000). If it holds, we will buy and target the 1D MA200 (TP =...
Looking into selling this pair, At this time it seems that price has collected enough fuel to move down. Will allow 2-3 hours for trade to hit entry, If price does not enter within 2-3 hours, trade will become invalid.
AUD/CHF is within an established downtrend on the daily chart, and the current dynamics present a divergent theme which could send it lower from here. Yesterday closed with a bearish engulfing candle at its lowest level since April 2020. The moving average remain 'within order' and fanning out, and the 10-day EMA is now capping as resistance as prices try to...
The EURAUD pair is on a Double Channel Up pattern, supported by the 4H MA50 with the 4h technicals indicating a smooth uptrend (RSI = 64.590, MACD = 0.003, ADX = 25.499). The 4H RSI being under an LH trendline suggests that soon we will see a short term pullback similar to March 12th and March 30th. We are buying the contact with the 4H MA200 and aim at a 2.30%...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.665 zone. AUDUSD was trading in a downtrend and now seem to successfully break it out and in a correction phase so i will be watching a potential retrace of the trend at 0.665 support zone. If CPI tomorrow's comes soft that should be a good confirmation for...
Trade Idea: Selling AUDJPY Reasoning: Start of a C leg lower? Entry Level: 88.91 Take Profit Level : 87.60 Stop Loss : 89.35 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
Considering a potential strong reversal on the AUDUSD as the price found strong support at the 0.6625 price level. In a similar move, on 24th March, when the AUDUSD failed to break below the support level, the price rebounded strongly to the upside, trading up to the 0.68 resistance level. Now that the AUDUSD has broken over the 23.6% fib retracement level and...
AUDUSD hit Support (1) and is rebounding. The Fibonacci levels align almost perfectly with Support-Resistance levels. Trading Plan: 1. Buy for as long as the price is closing over Support (1). 2. Sell if it closes under Support (1). Targets: 1. 0.67850 (Resistance 1) 2. 0.65700 (Support 2). Tips: 1. The RSI (4h) hit the 25-day Falling Support. This is an...