although we broke lower out of the range, I am not convinced this is a downtrend. This looks more like a consolidation, before the next impulse that could go either way. I want to see a break of the short tremp trendline upwards before considering taking longs on AU.
Audusd - Daily chart continues to trade in an uptrend making higher highs and higher lows. Weekly and monthly charts price action looks exhausted and calling for a potentially significant pullback.
So im looking for another move up. We are holding support at a very important level on the 4H. I see us going up another level to 127 or 161 fib ext.
Intraday traders risk trade here
Fakeout entries and a good pullback to pickup orders between the impulse space is still possible so buyers are watching and sitting at the breakout point.
We have a bullish flat...
price has it the daily upper band, reject can also been seen around that, banks are still holding about 68% on short on the AUD, I will sell when 1hr candle closes below .687272
In today’s #marketinsights video recording, I talk mainly about #RBA and why #Aussie in somewhat bid and I also touch #eurodollar.
#AUDUSD, despite yesterday's slide and regardless of trade war narratives, was pushed higher earlier in the session on the back of RBA's hold. The pair was supported as the bank kept the inflation outlook unchanged and reiterated that...
we are currently in a zone of uncertainty in AUDUSD, could we break out above this monthly downtrend line with momentum and conformation then this might be the bottom of AU's long downtrend. if not and we break current support out next target might be the lower timeframe trendlines below.
I'm hoping for a break above. but for right now we're doing nothing until...
AUDUSD on the daily showing a nice pattern here with a first confirmed higher low indicating the beginning of an uptrend after a long downtrend. This is all analyzed by using market structure.
We reversed at a major support/flip level and some may see a double bottom and even a cup and handle break out that just occurred.
Our target will be the 0.7025 zone.
The...
Enter reason: Double top (resistance zone) + Tweezer top + one more bearish confirmation candlestick. Plus the m.a. crossed.
Comments are very welcome!
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The possibility of easing in the ongoing US-Chinese trade war has propelled the AUD/USD to the previous crucial 68,5 to 69 Cent psychological S&R Zone. A reaction from the bears would be expected here, but be cautious: We could go into extremes before that...
The Aussie gained a little bit of strength last week, pushing up and above prior price structure resistance we can see to the left of price.
I am looking for this bullish run to continue, but I want to enter on a retest of price structure support.
If we can get that in the form of a drawback and a good support candle form, then I'll look to get long.
If we...
Hello my dear Forex traders, and welcome to this Aussie technical analysis! ;)
I will show you in this video how I personally killed it yesterday, and how you can too. Have fun watching! ;)
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The AUDUSD trade action is set to heat up as employment data is due out at 11:30am AEDT. If the numbers come out stronger than expected, buyers will dive into the action to lift price and squeeze out recent shorts. If numbers are weaker then expect further pressure lower from sellers. Either way expect some chop both up and down as the big boys reset the...
