The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6622 which is a pullback resistance. Stop loss is at 0.6656 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance. Take profit is at 0.6578 which is a swing-low support that sits...
The Aussie fell for a second day and mostly erased gains made from the prior six. Whilst it found support at the May high, the shift in momentum at 68c suggests there could be some further downside potential, even if just to 67c or the breakout level around 0.6690. The daily RSI (2) is not yet oversold either. A bearish trend has developed on the 1-hour chart....
AUDUSD D1 Another setup here which involves the USD. We had previously been looking to catch longs from this 0.67 handle price. We pulled back somewhat on the H4, but not quite enough to trigger our 0.67 alerts. As we start the fresh trading week, we are extended higher, with targets on that 0.69 handle. AUDUSD could be offering a monster 200 point trading...
The Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.6757 which is an overlap support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.6723 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit...
After days of pushing higher and higher AUDJPY is ready for pullback. In todays session we are monitoring for a strong drop from 108.800 to lows below 107.800 and subsequently 107.00 stops are above 109.100, Use proper risk management.
The Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.6731 which is an overlap support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.6690 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit...
AUDUSD D1 We are on the big daily timeframe here for AUDUSD, breaking the previous resistance price level of 0.67. This was a considerable daily resistance price for us. We are now simply looking for a subsequent retest of this zone to see if we can find support on this price level. If 0.67000 holds as support, we can likely look to position ourselves long...
Hello Traders, Aussie in the weekly chart has broke the long-term channel. It is starting a bullish move now! But we might see a reversal soon or late. The daily cart is overbought in a bullish channel! Again another reason to be bearish Regarding the current time frame! the trend line should be broken and the level of 0.67000 should be touched, then we...
The Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.6729 which is an overlap support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.6699 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit...
GBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.9042 which is a pullback resistance and the presence of the bearish Ichimoku cloud highlights the bearish momentum. Stop loss is at 1.9090 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback...
As I posted on 15 June, this pair gave us the opportunity to trade within a range. It has now broken out to the upside giving a probable bullish move. I don’t chase price so I am looking for a pullback to the top of the previous range to go long (if that happens). If there is no pullback and price just continues on its current path – so be it. I am already long...
Today we are monitoring AUDJPY for a sell opportunity, our entry is at current market price 108.200 and stops above 108.400. Target1 is 107.730, target 2 is 107.552 target 3 is 107.377 and final target is lows of 107.00 Use proper risk management.
Aussie is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of this pattern after hot Australina CPI (4%) this week, so RBA shoudl stay hakiwhs, suggesting a greater chance for a break out of a bullish triangle rather than a bearish trend. If analysis is correct, we are currently...
Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
As you can see, the amount of wicks to indicate resistance for AUDUSD. There will be quite a bit of news for USD that could possibly push AUDUSD downward for a sell. TP: 0.663 or below
AUD/USD Surges to 0.6670 as US Inflation Cools, Setting the Stage for Bullish Continuation The AUD/USD pair has jumped higher to 0.6670 following an expected cooling in US inflation. This move aligns with our technical analysis, which anticipated a potential rebound in the Fibonacci retracement area, triggering a new bullish impulse. We also observed a...
Hello traders, A triangle has been formed in the chart! This is the path suggest for the pair. However Due to news release of Canada, there might be some surprises in the path, I have my positions open with lower volume and will move my SL to just the point of news release. Any breaks out of triangle would make new setups available. Best regards, Ali
The Aussie (AUD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6677 which is a multi-swing-high resistance. Stop loss is at 0.6714 which is a level that sits above a swing-high resistance. Take profit is at 0.6643 which is a pullback support that aligns close to the 50.0%...