warning: This analysis may not be correct target: aud/usd time frame: 1h date: 12/11/2022 time: 22:16gmt
warning: This analysis may not be correct target: aud/usd time frame: 45m date: 12/11/2022 time: 21:48gmt
The AUDUSD monthly chart appears to reveal the formation of a Head and Shoulders (H&S) top marking the end of a corrective rally from March 2020 to February 2021. That upswing saw a retest at the underside of a long-term rising trend that held unreached from April 2001 to December 2018. From here, the H&S setup implies a measured downside objective just above the...
As with its Kiwi counterpart, AUDUSD now looks to be breaking down from a bearish Descending Triangle chart pattern. The setup's measured-move downside objective is implied just below the 0.64 figure. Reversing back above the near-term swing top at 0.6919 may neutralize immediate selling pressure.
Since the price lacks liquidity to take and above there is a lot, I can project a liquidity takeover that in turn would entail a break of bearish structure in high temporalities and with it a possible retreat to discounts to continue rising. Rsi closed above the orange level is a good confluence. Caution because even with this liquidity taking there is still a lot...
AUD/USD Breaking 4h rising triangle, not sure the direction please do your own research this is not financial advise only an idea.
Guys, its time for the unconventional charting Todays exhibit is a curved rising channel A pattern that indicates an acceleration of the movement Which in turn indicates that the move is in its final stages However, this final stage might be powerful Thus, I expect AUD_USD to go higher Before falling Long! Like and subscribe to never miss a new idea!
AUD/USD is in a channel grinding up to an important breakout area. Waiting for breakout or breakdown areas (as noted in chart). For now, I recommend a wait and see approach (sidelines). The monthly view of this pair is very bullish
I draw inspiration from a brief analysis of AUD-USD to make some considerations on the moment we are living. In recent weeks the world economy has been in difficulty because of Covid-19, however, from a rapid comparison of the data, we can see how the Australian economy has strengthened over the American one since the beginning of the year. Under normal...
See bullish divergence occurring on the lower time frames on AUD_USD on both the MACD and in the form of a falling wedge. If we can get above the marked level we can expect a move to the .62350 area and then to the .63390 area.
Another risk-on currency potential chart pattern
Since Brexit the AUD/USD has been bearish. The currency pair is currently in a descending triangle pattern with approx 0.73 acting as support. Wait for breakout. Follow the principles of breakout.
Hello Traders, I am a new this week so I will try my best to post some ideas I can see This pair is trending down in the daily consolidation so a Buy on the break seems like a good idea. It might be the last fews days to see result Trade with care. Thank you for your support. Alan Tang Economic.net.au
5 Reasons to go short. 1:) Symmetrical Triangle Breakout 2:) 50% Fib level intersects with 14 day bearish trend-line and 7 day bullish trend-line that was recently broken which could create a triple threat of resistance. 3:) Expected resistance at .7200 4:) Bearish Cloud 5:) Why the hell not. Entry @ .7195 SL @ .7128 TP @ .7100 Sorry for the...