If commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce...
Like NZD/USD, the Aussie is refusing to roll over despite a strong US inflation report. That is in itself a sign of strength. The daily chart is yet to see a close beneath the Q3 open, and the lows are holding above the 50-day EMA and 38.2% Fibonacci level. A bullish RSI divergence also formed from the oversold zone to suggest a swing low has formed or is...
HELLO TRADERS Hope everyone is doing great a look at AUDUSD 🛑IN THE COMING WEEK MULTI TIME-FRAME BREAK-DOWN DXY DAILY * Lets start with the DXY. * We see the 78.6 % FIB level holding in the past week. * Looking for signs of some bearish momentum for continuation with the bears. * The DXY is currently trading in PREMIUM. * Any signs of bearish momentum would...
I was surprised by the strength of the USD last week, and it lead to a flawed view of the AUD market. The market was weaker than expected, and has potentially turned bearish. Let the market unfold on Monday, and wait for clarity. Leave a comment and I will reply directly and promptly! Thank you. May profits be upon you.
+ 1.) weekly candle reject weekly level 2.) holding strong daily/weekly level 3.) daily momentum candle 4.) 4hour bullish orderflow -could be a pullback trade because we see momentum to the downsite, but still holding strong support zone- waiting for a small pullback then long
AUD USD has broken a bearish market structure, we need to wait for a retest to get an entry.
Hello Traders! This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
AUDUSD has reached the horizontal support area on the daily timeframe chart. 📈 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market...
The dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate...
On the monthly chart we have a bearish long term outlook. The price completed a correction at 0.90-1. Thereafter we are in a bearish continuation on the monthly chart. On the weekly charts, we are nearing the end of a bullish correction that may reverse or continue slightly higher. Looking closely, we also seem to be in a consolidation awaiting a proper breakout,...
looking bullish move beacuse compalte abc pattern and long term move after break retracement
In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but...
We expect further downside on this pair, signalled by the ascending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
Welcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
H4 - Strong bearish momentum. Lower lows. Until the strong resistance zone holds I would be looking to sell pullbacks in the short term.
Most Asian currencies fell on Tuesday, while the dollar rose as traders largely remained risk-averse ahead of further signals on when the Federal Reserve may begin cutting interest rates. The dollar index and dollar index futures rose 0.5% and 0.3%, respectively, during the Asian session on Tuesday. The dollar index is also trading at a small premium to futures,...
Welcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
I catched a good moves on AUDUSD entering while it was ranging on trendline. I expect a continuation on the down moves till 0.65, where we could see a potential bounce. I placed a long limit order here, considering that 0.65 is a very strong liquidity zone and support.