AUDUSD is bullish right now and I think the market conditions are right
for the move up
Therefore, i think it is sensible to go long
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- Classic bullish formation
- Our team expects retracement
Entry - 0.73847
Stop - 0.73135
Take - 0.74910
Our Risk - 1%
Start protection of your profits from lower levels
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AUDUSD broke the downtrend line
price above key level around 0.7330
price also above SMA 100 and HVN around 0.7360
MACD shows bullish momentum
RSI above 50
so it's expected the bullish movement to resistance level around 0.7520
USDJPY is currently bearish based on our analysis of the 4H and 1D charts.
Price is making lower lows and lower highs in the current run on the 4H and has rejected key levels on the 1D, it is however approaching a major support in the price area of 109.000
The current resistance is 109.585.
We are also long on AUDUSD:...
The development of the uptrend in AUD/USD is due to yesterday's comments from the US Federal Reserve, which negatively affected the quotes of USD.
Yesterday, the American regulator kept the interest rate at 0.25% and, although representatives of the department admitted that inflation is outside the norm, they said that no serious decisions on monetary policy...
We expect to go short on this pair because the price is facing a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
buy audusd now it retested demand zone successfully after it broken down trend line
TYPE : BUY
TF : H2
ENTRY PRICE : 0.7385
STOP LOSS : 0.7314 (71 PIPS)
TAKE PROFIT : TP1: 0.7405 TP2: 0.7445 TP3: 0.7500 TP4: 0.7550 TP5: 0.7602
Because apparently I have to write this despite annotating my chart with the Signpost feature - two key points on my chart showing the reversal move. This is structural so I am taking a breakout continuation play. Price held above the previous breakout level, which is a good indication that further upside can be expected. At this point, not anticipating any false...
Overall, AUD/USD is trending downwards.
Currently, AUD/USD is testing to break above the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it fails to break above the key level of 0.74.
". There is still a possibility of temporary retracement to the suggested resistance line (0.7385).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. AUDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
H4 time frame.
Structure: Downtrend with Correction wave ABC hit trendline.
Resistance at 0.74000.
Wait for the confirmation and sell signal.
Target is next support at 0.73000.
Wish you all have a good trading day!
Today I would like to present a cross-reference analysis of AU, EU and GU.
The white zone represents pivotal zone from July. As you can see, both GU and EU have managed to reach these zones, with GU breaking above.
I can't help but notice the relative weakness in the Aussie. Closing candles above the highs at .74 should open the door for a catch-up run.