After GDP news from US, USD's weakness continued and pulled all currencies power upwards. As we see AUDUSD passed upwards and continued its trend from consolidation box- 100-pip area between .7880 and .7980 . GDP news will affect our chart tru Long positions and opened up AUDUSD's way upto 0.81 band (Fibbo %127 level). After retracement to 0.7950 band there will...
Hi traders! Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow...
After its hike upto 0.79 band AUDUSD consolidated itself till Friday market closing time.Waiting a small retracement till %76 - %61 fibbo band then it will give us potential to see 0.80 band on Long this week. With its strength against USD we might see Fibbo %27 level 0.8040 band.
AUD/USD likely to retract. Simple Moving Average (7 days) and Long Term Moving Average (28 days) on a 4 hour interval chart are approaching a cross over indicating a change in market direction Relative strength indexes indicated the pair had previously had been overbought on a 4 hour interval chart and remains overbought on a 1 day interval chart at 73.84%...
AUDUSD has fallen back below a major resistance level as expected and we have the opportunity to short from here for 100 pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like...
Classic Rounding Bottom Pattern. EMAs indicate continuation of this bullish trend
Currently price has been showing a bearish momentum, it confirmed that after the 4HR trend was broken. We can see price is coming back up making a new Lower High (LH) with that made it will bring price down making a Lower low. Also confirmation on the 15M trend break was good one so we are taking this one short. www.blueprintforex.com
Hey guys, This week we have a nice SHORT setup forming on the AUDUSD. We have multiple signal pointing that AUDUSD will drop this week to retest the zone I highlighted in my chart. For some info, check out my analysis. Trade safe!
Our preference: position below 0.7605 with targets at 0.7560 & 0.7535 in extension. Alternative Scenario: In excess of 0.7605, aim for a continuation of the rise with 0.7630 & 0.7655 in line of sight. Comment: the support sinking to 0.7605 triggered a bearish acceleration on the support at 0.7535.
Go long for AUDUSD! keep it simple :)
For several days, I've seen several people battle between whether to long or short the AUDUSD pair. Longs would say, "it broke the trend line, go long." Shorts would say, "don't you see that lovely bearish pin bar right at the resistance? Short!" In my opinion, it is better to wait for a confirmation telling where this supposed pair would be heading to. The...
My other view EUR/USD after breakout in time frame H4 Thanks
Enter Zone + Candle Conformation /////////////////////////////// Upside Target 0.77365 /////////////////////////////// Downside Target 0.73278
Buy above 0.7377. Stop loss at 0.7334. Take profit at 0.7441. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to buy above 0.7377 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 0.7441 resistance (Fibonacci retracement, horizontal pullback...
Hi all, AUDUSD is showing a possible long setup at around 0.730, do note that we have somewhat of an ugly bat on the chart which I decided not to display due to C slighly extending A and PRZ D would be at 7225 which would invalidate this trade. I recommend to observe the hourly chart should price hit 0.730 and search for reversal signals like double bottom +...
Buy above 0.7332. Stop loss at 0.7290. Take profit at 0.7426. Reason for the trading strategy (technically): Price has started to bounce up nicely from our buying level. The plan today is to remain bullish above major support at 0.7332 (Fibonacci extension, Elliott wave theory) and we expect a bounce above this level to at least 0.7426 resistance, (Fibonacci...