There was liquidity run as anticipated yesterday. Price stayed around in that pool and barely got out to make a meaningful trigger for me to Long AUDNZD. As Tokyo opens, we saw price breaks through above Friday's low suggesting it could be time for price expansion after accumulation. Having said that though, there will be risk events in 7 minutes as of i'm writing...
The AUDNZD had been in a bullish trend since price bounced off at 1.0280 on 6th August 2019. That bullish move day followed by a massive price expansion the vary next day (230 pips!) thanks to RBNZ cutting their rates from 1.25% to 1.00%. NZD had been in a massive sell off across the board since then. Retail sentiment on NZD however, remains bullish NZD. Indeed,...
I think there will be a lot of consolidation and back and forth movement down at these levels... best to chase the low dips for a very good return. If we visit .6590 - .6550 look for a buy opportunity. As stated in prev. posts...I am a buyer of Aussie this year so lets see how that works out.
Has been in consolidation for a couple weeks now. There has been multiple reversal patterns off the MA followed by a stop hunt for shorts. Looking to ride trade back into structure @ 0.67 then eventually make lower lows.
I’m expecting a bullish push up to have a retest of the .68800 area. The pair has found a relatively solid base around the .67700 mark and a retest of that area will be a good entry to go long. Reason I am expecting the aussie to pick up some strength – the pull back of some tariffs by Trump, the RBA minutes which will look to maintain their interest rates at 1%...
Price Action (Technical Analysis): The Aussie has been getting dumped for an extensive period coming up against the US Dollar. What is interesting about this price range we are currently accumulating at is that in historical data we see a VERY Long Wick in the Daily Time-Frame that touches this zone and buyers rushed to press price to close above where price...
All market moves consist of an impulse, a correction and then another impulse. Our job as traders is to identify the first impulse and then the correction so that we can trade the second impulse. On the H4 above we can see a clear impulse move and then a 3 wave correction which has formed. It is not guaranteed that the bottom of wave 3 has formed but I have...
After a breakout from the Daily Descending trendline...And a successful retest. We see an impulse, and now a correction to the 61.8 - 78.6, before shooting to the upside! We might see a very strong potential buy with the dollar losing to the Aussie
Analysis team placed short on AUDUSD @0.67657 with 2 targets on 14th August, 2019: TP1 @0.6758 TP2 @0.6736
Analysis team placed buy on AUDUSD @0.67593 with 2 targets on 13th August, 2019: TP1 @0.6773 TP2 @0.6784
We got 71 Level Strong SUpport also and it is bounced already and showing Inverse head and shoulder formation which could form reversal on it
The Aussie bounced off major support from Jan 2019, rejecting lower prices. Rally to atleast the .618 retracement seems likely at this point ** on 6A, Aussie futures, support is from Jan 2016
Patiently waiting to see the reaction of price at the 0.89000 zone
I haven't changed anything since I did my last idea on this. I told those during BoC news trading to buy and sell at the 50% fib. I did not take the sell as I am a BUYER of AUSSIE for the foreseeable future and I will have to counter this with how CAD moves with oil as time goes on. I am studying the effects of cad and oil on audcad. I have heard playing the...
Helloo Aussie traders & forex friends, hope you're doing well guys! When was the last time we had 11 red candles? => I'm mostly trading crypto, also looking at stocks and commodities, I cannot see a time with 11 subsequent red candles. The Fed certainly didn't do what was expected (to lower the interest rates more), but Trump crushed what was left over. The...
INV head n shoulder pattern rising wedge high high lower high 1HR RSI @ 28 30M RSI @ 22 - Price is ABOVE 800 MA on 30M & 1HR timeframe - Price is BELOW 800 MA on 2HR but above 200 and 100 MA A break of 76.00 will give us another leg up. If price fails here a re-test of 48.00 could come into effect. A stop loss below the head or right shoulder would be adequate...
Hello dear Aussie/Dollar traders, forex friends, hope you're doing well! ;) This is my first video to the AUD/USD chart: I'm gonna tell you about my background and why I'm doing Edgy. We have now arrived at the crucial previous bottom range at 68.5 Cents inside the Equilibrium to 70 Cents: The bulls need to see a bounce going on from this range. We're oversold...