Technical Analysis Report for the AUS200 (ASX 200)# AUS200 Technical Analysis: Comprehensive Multi-Timeframe Trading Strategy
Executive Summary
Current Price: 8943.0 (August 30, 2025, 12:54 PM UTC+4)
Market Sentiment: Cautiously Bullish with September Seasonality Concerns
Primary Trend: Uptrend with potential consolidation phase
The AUS200 (ASX 200) continues to demonstrate resilience near record highs, with the index climbing 2.48% over the past month and up 10.89% year-over-year. However, technical analysis suggests we're entering the "September Swoon" period, historically the worst performing month for equities.
Market Context & Fundamentals
Economic Backdrop
The Australian market operates within a supportive monetary environment with the RBA recently cutting the cash rate by 25 basis points to 3.60%. After years of steep hikes, the central bank began lowering rates in 2025, with three cuts implemented so far. This accommodative policy stance provides underlying support for equity valuations.
Key Fundamental Drivers
Monetary Policy: Inflation within the 2-3% target range with unemployment remaining low despite slight increases
Economic Outlook: Moderate growth expectations with global uncertainty remaining elevated
Sectoral Rotation: Energy and resources maintaining relative strength
Technical Analysis Framework
Japanese Candlestick Analysis
Weekly Pattern: Doji formation suggesting indecision at current levels
Daily Pattern: Small-bodied candles with extended upper shadows indicate selling pressure at highs
Intraday Patterns: Hammer and shooting star formations prevalent in 1H and 4H timeframes
Elliott Wave Analysis
Primary Count: Wave 5 of larger degree impulse potentially nearing completion
Alternative Count: Extended Wave 3 with further upside potential to 9200-9300
Critical Levels: Wave 4 low at 8750 provides key support structure
Harmonic Patterns
Active Pattern: Potential AB=CD pattern completion near 8950-9000 zone
Fibonacci Confluence: 61.8% retracement of major swing aligns with current resistance
PRZ (Potential Reversal Zone): 8920-8980 represents high-probability turning point
Wyckoff Analysis
Phase Assessment: Late accumulation/early markup phase
Volume Analysis: Decreasing volume on recent advances suggests distribution characteristics
Composite Operator: Large player activity evident in 8900-9000 range
W.D. Gann Analysis
# Time Theory Application
Critical Time Windows:
- September 3-6: High volatility period based on seasonal Gann squares
- September 23: Autumn equinox - significant time cycle
- October 7-14: 90-degree time cycle from previous major low
# Square of 9 Analysis
Current Position: 8943 sits at 299.05° on the wheel
Next Resistance: 9025 (300°) and 9216 (304°)
Support Levels: 8836 (297°) and 8649 (294°)
# Price and Time Squaring
Square of Current Price: √8943 = 94.57
Next square: 95² = 9025 (key resistance)
Previous square: 94² = 8836 (support level)
Ichimoku Kinko Hyo Analysis
Tenkan-sen (9): 8932 (neutral to slightly bullish)
Kijun-sen (26): 8895 (bullish above this level)
Senkou Span A: 8913 (current cloud top)
Senkou Span B: 8847 (cloud bottom support)
Assessment: Price above cloud with bullish bias, but approaching cloud resistance
Multi-Timeframe Technical Indicators
5-Minute Chart (Scalping Focus)
RSI(14): 58.2 - Neutral with slight bullish bias
VWAP: 8938 - Price trading above, confirming intraday strength
Bollinger Bands: Upper band at 8965, suggesting potential resistance
Moving Averages: EMA(20) > EMA(50) maintaining bullish structure
15-Minute Chart (Scalping Focus)
MACD: Bullish crossover pending, histogram improving
Stochastic: 62.8 in neutral zone with upward momentum
Volume Profile: High volume node at 8920-8930 zone
1-Hour Chart (Day Trading)
RSI(14): 61.5 approaching overbought threshold
VWAP: 8925 providing dynamic support
ADX: 28.4 indicating moderate trend strength
Support: 8910, 8885, 8850
Resistance: 8955, 8975, 9000
4-Hour Chart (Swing Trading)
RSI(14): 65.8 in overbought territory
MACD: Positive but showing divergence
Bollinger Bands: Price at upper band, expansion phase
Key Levels: Support at 8870, Resistance at 8980-9000
Daily Chart (Position Trading)
RSI(14): 68.2 overbought but not extreme
Moving Averages: All major MAs aligned bullishly
Volume: Below-average, concerning for sustainability
Pattern: Rising wedge formation suggesting potential correction
Weekly Chart (Long-term View)
RSI(14): 72.1 significantly overbought
MACD: Positive but momentum slowing
Trend: Strong uptrend since October 2024 low
Resistance: 9000-9100 zone represents major overhead supply
Support and Resistance Analysis
Primary Support Levels
1. 8910-8920: Immediate support zone with volume confluence
2. 8870-8885: Previous resistance turned support, multiple touches
3. 8840-8850: 20-day EMA and psychological level
4. 8800-8815: 50-day EMA and structural support
5. 8750-8765: Key weekly support and Elliott Wave 4 low
Primary Resistance Levels
1. 8955-8965: Immediate resistance with Gann and Fibonacci confluence
2. 8980-9000: Major psychological level and distribution zone
3. 9025-9040: Square of 9 resistance and measured move target
4. 9080-9100: Long-term resistance zone and potential wave completion
5. 9200-9250: Extended target based on harmonic pattern completion
Weekly Trading Strategy (September 2-6, 2025)
Monday, September 2, 2025
Market Outlook: Post-weekend gap potential, focus on 8920-8950 range
Strategy: Range trading with breakout preparation
Intraday Levels:
Long Entry: 8920-8925 with stop at 8905
Target 1: 8945
Target 2: 8960
Short Entry: 8965-8970 with stop at 8980
Target 1: 8940
Target 2: 8920
Swing Setup: Monitor for breakout above 8970 for continuation to 9000
Tuesday, September 3, 2025
Market Outlook: Gann time cycle activation, increased volatility expected
Strategy: Trend following with tight risk management
Intraday Levels:
Long Entry: 8930-8935 (if holding above 8920)
Target 1: 8955
Target 2: 8975
Short Entry: 8975-8985 with stop at 9000
Target 1: 8950
Target 2: 8925
Key Events: Watch for reversal patterns near 8980-9000 zone
Wednesday, September 4, 2025
Market Outlook: Mid-week consolidation expected, range-bound trading
Strategy: Scalping opportunities within established range
Intraday Levels:
Range Bottom: 8920-8930
Range Top: 8970-8980
Breakout Levels: Above 8985 (bullish) / Below 8915 (bearish)
Scalp Long: 8925-8930, Target: 8950-8955
Scalp Short: 8970-8975, Target: 8940-8945
Thursday, September 5, 2025
Market Outlook: Potential breakout day, monitor volume for confirmation
Strategy: Breakout trading with momentum confirmation
Breakout Scenarios:
Bullish Breakout: Above 8985 targets 9015-9025
Bearish Breakdown: Below 8915 targets 8885-8870
Volume Requirement: 1.5x average for valid breakout
Intraday Management:
Stop Loss: 15-20 points for scalps, 30-35 points for swings
Position Sizing: Reduce size by 25% given increased volatility
Friday, September 6, 2025
Market Outlook: Weekly close positioning, potential profit-taking
Strategy: End-of-week profit-taking and position adjustments
Weekly Close Targets:
Bullish Scenario: Close above 8960 sets up next week rally
Neutral Scenario: Close 8920-8960 maintains range
Bearish Scenario: Close below 8920 suggests correction beginning
Day Trading Focus:
Morning: Trend continuation from Thursday
Afternoon: Range trading and profit-taking
Risk Management Framework
Position Sizing
Scalping (5M-15M): 0.5-1% risk per trade
Day Trading (1H-4H): 1-1.5% risk per trade
Swing Trading (Daily): 2-2.5% risk per trade
Stop Loss Guidelines
5M Charts: 8-12 points maximum
15M Charts: 12-18 points maximum
1H Charts: 20-30 points maximum
4H Charts: 35-50 points maximum
Daily Charts: 60-100 points maximum
Profit Taking Strategy
Target 1: 1:1 Risk/Reward (50% position close)
Target 2: 1:2 Risk/Reward (30% position close)
Target 3: 1:3 Risk/Reward (20% position close)
Trailing Stop: Implement after Target 1 achievement
Geopolitical and Market Risk Factors
Domestic Considerations
RBA Policy: Economic outlook remains "uncertain" with potential for policy reversals if downside risks materialize
Employment Data: Rising unemployment to 4.3% may influence future policy decisions
Seasonal Patterns: September historically weak for Australian equities
International Factors
US Market Correlation: Strong correlation with S&P 500 performance
China Economic Data: Resource sector sensitivity to Chinese growth metrics
Currency Impact: AUD strength/weakness affecting export competitiveness
Commodity Prices: Iron ore and gold price movements critical for index performance
Event Risk Calendar
September 3: RBA Meeting Minutes release
September 5: US Non-Farm Payrolls (strong correlation impact)
September 17: RBA Policy Decision (potential further rate cut)
September 24: Chinese PMI data release
Sector Rotation Analysis
Outperforming Sectors
1. Energy: Benefiting from geopolitical tensions and supply constraints
2. Financials: Rate cut cycle creating yield curve steepening opportunities
3. Resources: China stimulus hopes and infrastructure demand
Underperforming Sectors
1. Technology: Higher rates historically impacting growth valuations
2. REITs: Competition from rising dividend yields in other sectors
3. Consumer Discretionary: Economic uncertainty dampening spending
Trading Psychology and Market Sentiment
Sentiment Indicators
Put/Call Ratio: 0.85 (slightly bearish)
VIX Equivalent: Elevated but not extreme levels
Insider Trading: Moderate selling activity at current levels
Psychological Levels
9000: Major psychological resistance
8800: Key psychological support
8500: Crisis level support (low probability scenario)
Advanced Trading Setups
Harmonic Trading Opportunities
1. Bullish Bat Pattern: Completion at 8880-8900 zone
2. Bearish Gartley: Potential formation at 9020-9050 levels
3. AB=CD Pattern: Active completion zone 8950-8980
Gann-Based Setups
1. Square of 9 Trades: Long at 297° (8836), Short at 300° (9025)
2. Time Cycle Trades: Reversal zones at September 3-6 window
3. Angle Confirmation: 1x1 angle from August low providing dynamic support
Wyckoff Accumulation/Distribution
Current Phase: Late accumulation (Phase E potential)
Volume Characteristics: Decreasing volume on advances (concerning)
Composite Operator: Evidence of large player distribution above 8950
Technology Integration
Algorithmic Considerations
High-Frequency Impact: Increased volatility during 9:30-10:30 and 14:30-15:30 windows
Order Flow Analysis: Large block transactions evident at 8920 and 8970 levels
Market Microstructure: Bid-ask spreads widening above 8960
Recommended Tools
1. TradingView: Chart analysis and alert systems
2. Market Profile: Volume distribution analysis
3. Order Flow Software: Real-time institutional activity tracking
Conclusion and Weekly Outlook
The AUS200 stands at a critical juncture, trading near historical highs while facing seasonal headwinds and technical exhaustion signals. The combination of supportive monetary policy and strong year-to-date performance provides underlying bullish bias, but elevated RSI readings across multiple timeframes warrant cautious optimism.
Key Themes for September:
1. Range Trading: 8920-8980 likely to contain price action initially
2. Breakout Preparation: Monitor volume for sustained moves beyond range
3. Seasonal Weakness: Historical September underperformance requires defensive positioning
4. Policy Support: RBA accommodation providing floor for significant declines
Recommended Approach:
- Favor range trading over directional bias initially
- Reduce position sizes given elevated volatility expectations
- Focus on high-probability setups with multiple confluence factors
- Maintain disciplined risk management throughout September
The technical analysis suggests a market in transition, where traditional support and resistance levels will be tested against changing fundamental backdrops. Traders should remain flexible and prepared for both continuation and reversal scenarios as the market navigates this critical period.
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*This analysis incorporates multiple technical methodologies and should be used in conjunction with proper risk management. Market conditions can change rapidly, and all trading decisions should be based on current market information and individual risk tolerance.*
Aus
AUD/USD Hovers Near Crucial Resistance Amid Global Economic...AUD/USD Hovers Near Crucial Resistance Amid Global Economic Uncertainty
Introduction
The AUD/USD currency pair is currently trading within a tight range near the critical resistance level of 0.6400 during the London session. This cautious movement mirrors the trajectory of the US Dollar Index (DXY), which is maintaining its position near a five-month high of 105.20. In this article, we will explore the factors influencing the AUD/USD pair and the broader economic dynamics driving this market sentiment.
Global Economic Uncertainty
S&P500 futures experienced some losses in European trading, reflecting a cautious market sentiment. Investors are increasingly apprehensive about potential economic turmoil, primarily attributed to the stringent monetary policies adopted by Western central banks. This has prompted a flight to safety, with investors flocking to the US Dollar amid lingering doubts about the global economic recovery within the context of a high-interest-rate environment.
Central Bank Actions
Both European and Asian economies are grappling with the consequences of higher interest rates imposed by their respective central banks as a countermeasure against stubborn inflation. The result has been a contraction in economic activities across the largest continent and the trading bloc, largely due to weakened demand conditions. Furthermore, businesses worldwide are becoming more risk-averse, opting to avoid taking on additional credit due to the burden of higher interest obligations.
Federal Reserve Outlook
On Thursday, Federal Reserve speakers expressed support for maintaining interest rates at their current levels in the upcoming September monetary policy meeting. Investors are eagerly awaiting the release of the August Consumer Price Index (CPI) data, which is expected to provide further insights into the central bank's future interest rate policy decisions.
Reserve Bank of Australia (RBA) Stance
The Australian Dollar has remained in the spotlight this week as the Reserve Bank of Australia (RBA) chose to leave its interest rate policy unchanged. RBA Governor Philip Lowe conveyed optimism about the labor market outlook, highlighting that the Unemployment Rate could remain at near 40-year lows while wage growth remains robust.
China's Economic Data
Investor attention is also drawn to China's Consumer Price Index (CPI) for August, set to be published on Saturday. Analysts anticipate that monthly economic data will expand at a rate of 0.3%, surpassing the 0.2% recorded for July. Additionally, annual inflation is projected to stand at 0.1%, marking a reversal from the previous deflationary reading of -0.3%.
Conclusion
The AUD/USD currency pair's current consolidation near the 0.6400 resistance level reflects the prevailing global economic uncertainty. This uncertainty is driven by the cautious stance of Western central banks and their aggressive monetary policies to combat inflation. The US Dollar's role as a safe haven in this environment is evident as investors seek refuge amid doubts about the worldwide economic recovery. As central banks continue to make policy decisions and economic data unfolds, market participants must remain vigilant and adaptable in navigating this complex and rapidly evolving landscape.
AUDJPY 2nd April Based on our analysis of the AUDJPY chart, we have identified a bullish setup that we believe will continue to push prices higher in the coming week. Our primary focus is on the hourly supply zone, which is located at the last major high on the chart. We anticipate that the bullish movement will carry us up to this level and possibly even beyond.
To identify our bullish setup, we have been using the 5/15-minute swing move and analyzing the price action on the 15-minute timeframe. We are looking for price to shift higher from one of our major lows, which would confirm our bullish bias. This setup is currently in play, and we are monitoring the price action closely.
However, if we don't see the anticipated bullish shift, we will start to consider bearish moves lower. Nonetheless, we understand that we are in a bullish trend, and until there is a confirmed breakdown, we will continue to expect prices to move higher.
In summary, our analysis indicates that there is a high probability of a bullish move towards the hourly supply zone, and we will be closely monitoring the price action to confirm this view. If we see any bearish signals, we will reassess our bias accordingly.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
NZD/USD Fundamental + Technical Macroeconomic Update | 3.14.23On Wednesday, the S&P/ASX 200 Index increased by 0.8%, going above 7,060. This rise was due to an increase in technology and banking stocks, following similar trends on Wall Street. Investors are hopeful that the worst is over from the collapse of Silicon Valley Bank and Signature Bank. Additionally, a US inflation report that matched expectations calmed the market, with investors betting on a smaller interest rate hike by the Federal Reserve next week. However, recent data shows that Australian consumer sentiment remains at historic lows due to concerns about inflation, interest rates, and the broader economy. Business sentiment also dropped to a three-month low in February. The technology sector was led by Computershare, Block Inc, and Xero, while the "Big Four" banks (CBA, ANZ Group, Westpac, and NAB) also saw gains.
Further downside is expected on EURAUDEURAUD - Intraday - We look to Sell at 1.4400 (stop at 1.4465)
Previous support located at 1.4300. Previous resistance located at 1.4350. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4400, resulting in improved risk/reward. A move through 1.4300 will confirm the bearish momentum.
Our profit targets will be 1.4250 and 1.4225
Resistance: 1.4350 / 1.4400 / 1.4450
Support: 1.4300 / 1.4250 / 1.4225
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Ending wedge indicates higher prices on EURAUDEURAUD - Intraday - We look to Buy at 1.4575 (stop at 1.4475)
Previous support located at 1.4600. Previous resistance located at 1.4700. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.4700 will confirm the bullish momentum.
Our profit targets will be 1.4775 and 1.4800
Resistance: 1.4700 / 1.4750 / 1.4800
Support: 1.4600 / 1.4575 / 1.4500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
We prefer to set shorts EURAUDEURAUD - Intraday - We look to Sell at 1.4625 (stop at 1.4725)
Previous support located at 1.4500. Previous resistance located at 1.4550. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4625, resulting in improved risk/reward. A move through 1.4500 will confirm the bearish momentum.
Our profit targets will be 1.4375 and 1.4350
Resistance: 1.4550 / 1.4625 / 1.4700
Support: 1.4500 / 1.4450 / 1.4375
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Selling EURAUD at trend resistanceEURAUD - Intraday - We look to Sell at 1.4700 (stop at 1.4800)
Previous support located at 1.4550. Previous resistance located at 1.4600. There is no clear indication that the downward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.4450 and 1.4400
Resistance: 1.4600 / 1.4700 / 1.4800
Support: 1.4550 / 1.4500 / 1.4450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Further AUDJPY weakness expectedAUDJPY - Intraday - We look to Sell at 93.00 (stop at 94.00)
Previous support located at 92.00. Previous resistance located at 93.00. Trend line resistance is located at 93.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 93.00, resulting in improved risk/reward. A move through 92.00 will confirm the bearish momentum.
Our profit targets will be 90.50 and 90.00
Resistance: 93.00 / 93.50 / 94.00
Support: 92.00 / 90.50 / 90.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Broken support likely to lead to more losses on EURAUDEURAUD - Intraday - We look to Sell at 1.5050 (stop at 1.5150)
Previous support located at 1.4850. Previous resistance located at 1.5000. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.5000, resulting in improved risk/reward. A move through 1.4850 will confirm the bearish momentum.
Our profit targets will be 1.4800 and 1.4750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Resistance: 1.4950 / 1.5000 / 1.5050
Support: 1.4850 / 1.4800 / 1.4750
EURAUD approaching key supportEURAUD - Intraday - We look to Buy at 1.5100 (stop at 1.4980)
Previous support located at 1.5150. Previous resistance located at 1.5250. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.5250 will confirm the bullish momentum.
Our profit targets will be 1.5375 and 1.5400
Resistance: 1.5250 / 1.5300 / 1.5400
Support: 1.5150 / 1.5100 / 1.5000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Joe Gun2Head Trade - Buying GBPAUD the dip.Trade Idea: Buying GBPAUD
Reasoning: Buying at the lower end of a short term channel
Entry Level: 1.7587
Take Profit Level: 1.7857
Stop Loss: 1.7517
Risk/Reward: 3.89:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
AUDUSD D1 - Long Signal 0.70 HandleAUDUSD D1
Something else for the watchlist this week, big 0.70 handle looking like a nice support zone to consider taking long positions, we haven't traded lower than this 0.70 handle for 1.5 years.
Healthy corrections would see us trade back up towards that 0.72700 resistance price.
#AUDUSD approaching pivot, potential for a bounce!Description
Price is approaching pivot level of 0.72245, which is in line with 23.6% Fibonacci retracement level & horizontal overlap resistance. A reversal from this level may see price take resistance at price 0.70626. This level coincides with 127.2% Fibonacci extension levelhorizontal overlap support. Finally, we can expect price to take support at 0.71185horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.72245
Why we like it:
23.6% Fibonacci retracement level & horizontal overlap resistance
1st Support:
0.71185
Why we like it:
horizontal swing low support
1st Resistance:
0.70626
Why we like it:
127.2% Fibonacci extension levelhorizontal overlap support
Trading FX & CFDs carries high risk.
#AUDUSD approaching pivot, potential for a bounce!Description
Price is approaching pivot level of 0.72256, which is in line with 161.8% Fibonacci extension level, 100% Fibonacci extension level & horizontal overlap support. A reversal from this level may see price take resistance at price 0.72979. This level coincides with horizontal overlap resistance. Finally, we can expect price to take support at 0.71717127.2% Fibonacci extension levelhorizontal swing low support . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.72256
Why we like it:
161.8% Fibonacci extension level, 100% Fibonacci extension level & horizontal overlap support
1st Support:
0.71717
Why we like it:
127.2% Fibonacci extension levelhorizontal swing low support
1st Resistance:
0.72979
Why we like it:
horizontal overlap resistance
Trading FX & CFDs carries high risk.
AUDUSD- Bearish trend has startedHello,
I have entered short on the AUD/USD with two trigger entry points.
AUS have been struggling majorly with the Delta virus spreading across the country. Now they're stuck in a pandemic with only a very small percentage of the country which has received both jabs.
On the other hand the DXY has been recovering well as of late.
After last Fridays movement south in AUD/USD its pulled back to previous support, new resistance and looks to carry on trend.
Good luck if you join.
Don't trade against the US Dollar for the next few weeks.Hello all
DuncanForex here with many trade ideas - see below. - with no mention of any websites etc
With the USD gaining strength, you can sell anything XXX USD and buy USD XXX
Many opportunities opened this morning for a great trading week
Stay safe and safe trading
Duncan
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.755). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.7460
TP2= @ 0.7420
TP3= @ 0.7370
SL: Break Above R2
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