Reached level of support- 50% retrace.
See chart for illustration This is a follow up on a long term speculation published earlier (see link below for reference purposes)
The lack of major developments surrounding the US-China trade conflict and the subdued trading action didn't allow the pair to make a decisive move in either direction following that drop, forcing it to move sideways near mid-0.67s. However a positive reports Australian Bureau of Statistics forecast today can attract buyers. FOMC members Barkin and Daly will speak later.
AUDUSD bounced off 0.67750 where it could potentially rise further to 0.68220. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
AUDUSD expected to rise up to 1st resistance at 0.68499 where it could potentially react off and drop down to 1st support at 0.67393. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
-->> powerful mirror level -->> buy if daily candle fail to break the level
AUDUSD expected to rise up to 1st resistance at 0.70465 where it could potentially react off and drop down to 1st support at 0.70254. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD is approaching its resistance at 0.69891 where it is could reverse down to its support at 0.69299. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD price break downtrend, with an impulsive wave. Wait correction and open long
AUDUSD long swing trade setup.
Chart is an expectation of market setup via harmonics. * Market in trend change trend for a buy. * RSI signaling oversold area currently at 38. * RSI reading 20-40 is in the oversold area. Considerations on where to collect profit; * Pattern D breakout can sometimes finish its run at TP1. * Chose your entry point wisely via indicators, etc. DISCLAIMER;...
This is my AUDUSD prediction. Market is currently in a downtrend. Fell in an important level of support Created a nice lower low with an bullish engulfing bar. If we put up a Fibbonaci retracement, we can see that the 0.618 Fib level is nice around a little level of structure plus approaches the downtrend nicely. Let's see!
AUDUSD price is at bottom, good entry for long position
Good Morning Traders, ForexFargo checking back in Today our analysis is on AUDUSD. The overall trend is Bearish for sure. However I see a potential set up for start of next week if price continues Bearish toward of Support Level. Price on this pair has been consolidating for the past 5 weeks, ranging mainly between support and resistance. Weekly Resistance...
Entry long off buy zone .618 - .786 fib and confluence with previous swing high (resistance, now support) prior to strong move. Directional bias due to bullish sentiment on higher time frames (4h, 1d and 1w). I tend to set generous stop losses with reduced risk%. Profit target as per T1 to take 60% and leave the rest on the table with SL trailing price movement.
AUD/USD: We are leaning towards more of a long bias with AUD/USD. We feel that we could see this pair push past .74, although we are not weighing out the possibility of a higher low being formed and .7050 met once more before pushing up to the .74 area