Good chance to short this from current price. It looks to have broken support and is retesting it, expect to drop from this retest. MACD and EMA's have this still bearish after initial rejection of the breakout. Target is next support at 1.4233
This is at a support level and I am expecting it to rise slightly from here before breaking through. It is too risky to enter before it breaks the support but if it does then a short can be entered on a retest of this level which would then be acting as resistance. Target would be 1.4232
I think we need aud to drop a bit more before we can enter in a buy position with it as the RSI is getting a bit overvalued and also it broke down of its wedge pattern. What do you think? Leave your comments and likes below. WARNING! I am not a financial adviser and take this advice with a grain of salt. Tell me what I should analyze next!
I expect this to continue gaining up to the resistance level at 0.80500 to 0.81500. AUD has recently had some profit taking but is now growing again, USD should continue its weakness. Stop loss can be just below the support area marked in Blue (around 0.76400)
BUY AUDCAD for a nice long position. Risk to reward ratio is 1:2.3 with calculated stops and targets.
AUDUSD looks like a nice buy but only after a bounce off one of the moving averages, ideally looking for a doji candle heading up. The risk to reward is around a 1:3 ratio. Targets and stops are at either support/resistance zones.
Short term outlook of the Australian market: AUD is pushed to the upside after fundamental drivers that gave confidence to buyers Q: Should I buy AUD now? A: Not right now. Wait for correction, and then after choosing a pair that is mainly driven by AUD at that time, start loading longs. Q: Why would AUD continue rallying high? A: The catalyst of that bullish...
BUY AUDCHF for a nice long trade. I am not trading today because of the elections, to be on the safe side but this is a nice trade for someone who wants to open a position.
GBPAUD looks like a nice sell on the hourly chart that is worth about a 90 pips target. My moving averages indicate a trend reversal popping up.
Sales range: 0.716 Targets: 0.717- 0.718- 0.719 Stop loss The first goal: the profit to loss ratio is 1: 1 (0.715) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 0.716(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
Hi I have some good reasons that gbpaud is going to fall i placed some channels such as H1 / H2 / H4 / daily / weekly I found we are facing with a downtrend right know price just passed lower low so we expect continue bearish support and resistance lines Confirm this too right know target is placed by fibonacci + next strong support but there is...
Expecting a push higher, if price respects highlighted zone. will only look for sells, if price pushes back below highlighted, then I will look for other confirmations to sell.