View On AUD/USD (22 June 2019)
First Thing First: Pls read our prev analysis.
Back Ground: We are seeing decent bullish attempt as the bullish structure start to form. "If it works out" it shall go easily yo 0.697 first and possibly even higher.
Target(s): UP 0697 (TP1), 0.708 (TP2) , 0.7112 (TP3) , 0.721 (TP4)
SHTF: 0.685 should act as a decent support....
Hello dear Forex & Aussie-Dollar friends,
the bulls better show some reaction now! On the weekly we're at clear 2015 & 16 lows, which currently gives a good bounce opportunity. We had a clear Descending Triangle break previously, with the strong bottom trendline break of the 0.7 USD range.
Now the bulls reacted at the...
Aussie was on a bearish streak before finally finding some footing and ending the week in the kumo. We are close to a bullish kumo twist, but we're still have trouble breaking through resistance where price was stopped. I've drawn an entry line right above that level that needs to be broken to confirm a long entry for me. My overall target will be previous price...
In my opinion, it's a bearish flag by watching HTF which give an idea that momentum is strong for downside and it will break soon downside of this Channel after the formation of Double Top or H&S Pattern on top of FLag
As we can see our price has been trending down on the 4TF. On Friday we broke that trendline as we can see on the 4TF. I'm expecting price to retest our breakout zone for then look for a nice long entry. We could expect a nice movement upwards but i will be carefull on how price reacts on our grey zones. So i will be buying for around a nice 100 pip movement...
After a great short trade on AUDCHF this week, we are looking at a short-term long position on this pair after a clear rejection of the 0.68200 level and a break of the downtrend.
If price can pull back to 0.65520 and show a bullish rejection at this level then we will look to take a long position with stops and targets as shown for a 1% capital exposure and a 2%...
This pair has finally found some support before entering into the current consolidation zone price has been stuck in. I am looking for a break and close above the recent price structure resistance we've seen for a chance to get long. Some of this movement may be volatility based with the US news and tariff war going, so we may get a push pretty fast depending on...
UD/USD clings to 0.6930 as politics at EU/UK entertain traders.
Although failure to cross mid-month low questions AUD/USD buyers, the Aussie pair is taking the rounds near 0.6930 during early Monday.
The quote has been on the bids off-late as the soft greenback and positive signals from the EU and the UK politics favored global risk sentiment despite the...
AUDUSD is consolidating at the SUPPORT ZONE on the weekly chart. So, it presents a great BUY opportunity with very HIGH REWARD and LOW RISK.
Traders can look for BUY ENTRIES at 0.0.6850-0.6870 with SL below 0.6720.
TPs can be set at 0.6950, 0.7040, 0.7150 and 0.7300 respectively.
Downtrending channel formation can be seen here. Once price shows good strong support off the lower trend-line, I'll be looking the go long. Other confirmations needed:
1. 1HR MACD divergence
2. Reversal price pattern
3. Strong candle close above (price must not break the trend-line).