Hey traders, we have bullish trendline + FTC Level + ABCD Pattern. Bullish movement as a third drive of 3D Pattern
AUD/CHF is within an established downtrend on the daily chart, and the current dynamics present a divergent theme which could send it lower from here. Yesterday closed with a bearish engulfing candle at its lowest level since April 2020. The moving average remain 'within order' and fanning out, and the 10-day EMA is now capping as resistance as prices try to...
Possible entry for a short-term long on AUD/USD, high risk, high reward
Considering lower NFP data on Friday, the odds on FED pause seem to be a bit increased even though it was not quite reflected on the FEDwatch tool. However, taking the holiday into account it is not that surprising to see such a low volume happen on the NFP data release. Thus, an indecision candle formed right at the support area. This could pose a nice...
OANDA:AUDJPY Tight range for this pair. Started to watch this late yesterday and early into todays FX sessions as maybe, just maybe the Aussie's and Japanese market makers would make some moves before the holiday weekend as there were first up in line. Didn't happen, tight range under 70 pips for most of the major pairs. AJ couldn't break below this support...
OANDA:AUDJPY These moves looking good, not bad not bad. Safe entries for scalps. Trade the trend until someone else breaks it.
hey everyone, the aususd pair is making a new uptrend... the price is currently above the 20&50ma... so we will likely see more bull moves... 0.67710 is the main resistance for now... it currently breaking this resistance... the previous high was 0.6782 so the next high could reach 0.68260 as shown in price chart... if more bullish then 0.68693 BE careful...
Euro Inflation data out this week, as well as the Aussie CPI. From TD Securities, talking about the Euro HICP: Softer energy inflation likely continued to weigh on headline inflation in the EZ. That said, on a m/m basis, energy inflation likely stayed resilient, in part as subsidized prices won't have declined by as much as wholesale prices. Core will be the...
EUR/AUD has been in an overall downtrend for weeks but has recently broken that trend line. I have condensed down to the 12hr chart to show both short and long term possibilities using a mixture of the dow Jones theory with market structure and fibonacci. It is still possible to see price push lower but in the events of a new uptrend, this is what I would expect...
AUD/USD Bearish price trend remains after the break below the 0.6630 key support level. Downside prospects for a further push lower towards 0.65 and perhaps even 0.64 as extension. Upside risk for short sellers seen above 0.6790.
OANDA:AUDJPY Slow morning AGAIN during NYSE session on the currencies. Thinking about adjusting my hours and watch Asian into London close action. Got my hard 10pips short. Slow morning, and brought my entry chart a bit lower to close it if price action went against me Trade well
OANDA:AUDUSD The Aussie went down under against the US Dollar for a bit. So took a scalp of 5pips, yes thats a small 5pip hard TP. Price action moves 5pips up/down, and any given hour, ANY. Do the math, Rinse and Repeat... Trade smart Trade well
OANDA:AUDCHF Not sure why I took this one before my USD/JPY I posted earlier. Entry was good, 3 times flirted around my hard TP 10pips around 8-9.5pips, but did not get filled. Held on too long, stopped out, didn't get hurt though, all is good. Cant win them all. Trade management is keeping me alive and in this game. Trade well
OANDA:AUDCHF Sure, why not trade something I don't normally look at. I have to start with this pair at some point. After a couple of close TP misses prior/during the recent Asian session, took a short on the Aussie Swissy heading into a round number before NYSE open. After the opening bell, it slowly chopped and hit my hard 10pip TP, right before the small...
We enter a strong zone of support, this might give us some strength to go higher. Short term, long trade. It also looks like we forgot to fill some short orders at the last down push. Let's try to get these ;-)
FX:AUDCAD I'm waiting to see a reaction from the buyers here is my approach on this. kindly let me know your thought in the comment session
Now that I have updated the analysis for the bigger picture, we have a better understanding of the overall structure. That means I will continue to maintain the bullish view unless proven otherwise. At the smaller degree we are looking for the start of Wave 2. We may or may not have topped out so I will be paying close attention at the open. The first expected...
A short position on AUDNZD from a significant point of resistance.