GBPAUD is trading inside a Channel Up and the recent rejection on its HH trendline has turned the 1D timeframe neutral technically (RSI = 51.719, MACD = 0.007, ADX = 31.058). This is a sell signal which on the short term extends to the 1D MA50 (TP1 = 1.891500). If the price action closes a candle under the 1D MA50 and the HL trendline, we will sell again,...
AUDCHF broke and closed below a major horizontal demand zone on a daily. The broken structure turned into a resistance. The market will most likely keep falling. Next support - 0.575 For entries, consider an occasional retest of a broken structure. ❤️Please, support my work with like, thank you!❤️
AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up....
EURAUD is testing a horizontal key level. The price formed a double top on that on 4h time frame. To short with a confirmation, wait for a bearish breakout of its neckline. A 4h candle close below 1.6457 will confirm the violation. A bearish continuation will be expected to 1.6415 / 1.6375 levels then. Alternatively, if a price sets a new higher high higher...
Here is my latest structure analysis for AUDUSD. Resistance 1: 0.689 - 0.690 area Support 1: 0.669 - 0.672 area Support 2: 0.659 - 0.660 area Support 3: 0.646 - 0.651 area Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
It's been 2.5 months since we last traded AUDCAD, when it gave us a sell signal (see chart below) right at the top of its Channel Down for maximum gain: Right now, the pattern is getting wider and its new bearish leg to a new Lower Low may be starting as last Friday's inability to close above the 1D MA200 (orange trend-line) may result in a Lower High...
AUDCAD hit the 1D MA200 yesteday and came just shu off the top of the Channel Down. The 1D timeframe is technically bullish (RSI = 62.944, MACD = 0.002, ADX = 28.766) but the RSI is also near the top of its Rectangle pattern. The previous top coincided with the Channel Down rejection. Consequently we are opening a sell now and target the S1 (TP1 = 0.874500) and...
Hello Traders👋🏻 On The Daily Time Frame The AUDUSD Formed a Falling Wedge Pattern📉 Currently, The Price Broke The Resistance Line of The Wedge So, I Expect a Bullish Move📈 ----------- TARGET: 0.69545🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBPAUD managed to complete the Rising Wedge pattern near the 🟡 Price Reversal Price(PRZ) 🟡 and important downtrend line . There is also a Regular Divergence (RD-) between two successive peaks. 🔔I expect GBPAUD to start its main decline after breaking the lower line of the Rising Wedge pattern. 🔅British Pound/Australian Dollar Analyze ( GBPAUD ) Daily...
AUDCHF is on the decline after the price got rejected on the 1day MA50 last week. The long term Channel Down pattern has considerable downside potential as each Lower Low leg has so far been at least -11%. Sell on the current price and target 0.55000 (another -11% decline) at the bottom of the Channel Down. Follow us, like the idea and leave a comment below!!
EURAUD completed an Inverse Head and Shoulders pattern with the current rise supported by the 1day MA50. The Inverse H&S at the start of the year targeted initially the 1.236 and 1.382 Fibonacci extensions. Buy and target 1.67750 on the short term. Note that even the 1day RSI is on an Inverse Head and Shoulders. Follow us, like the idea and leave a comment below!!
AUDJPY is on a 3 week selling streak with the 1D time frame just turning neutral (RSI = 45.648, MACD = 0.510, ADX = 43.673) after more than a month in the bullish zone. The price is approaching the 1D MA50, where you can buy on a 2-3 days basis but we mostly focus on getting a sell on that bounce and target the HL trendline (TP 93.100) near the S1. Further selling...
AUDCAD is trading inside a Channel Down pattern since the end of January. A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.91000 (Resistance and Fibonacci 0.5). Tips: 1. The RSI (1d) is...
This, along with the 1day RSI hitting the Falling Resistance, calls for a sell to the Channel's bottom. Best to sell though after the 1.89690 low breaks and target 1.8700. A fractal analysis however with March 7th shows that if the candle closes over the Channel Up, we can see a rally to the 2.5 Fibonacci level as in March - April. On that occasion, buy and...
GBPAUD formed a double top pattern, testing a daily key level. The price violated the neckline and closed below that. I expect a bearish move now to: 1.9165 1.9135 ❤️Please, support my work with like, thank you!❤️
AUDNZD crossed under the 1day MA50 this week for the first time since May 24th. That is the bearish leg from the Falling Resistance to the Rising Support in order to form the new Higher Low. The 1day RSI just entered the 4 month Support Zone, where the price Low was formed at the bottom of the Support Zone. This is still a good sell. Target 1.061500. Follow...
Yikes... this chart looks ugly. If AUD breaks the $.62 support, I could see a move that takes the AUD all the way down to $.30 against the dollar. This would take a while to play out, hence the 2W chart, but something to pay attention to.
Hello Traders! The AUDCAD Price Reached a Daily Support Level📉 The Price Failed to Create New Lower Low and Broke The Last Lower High (Break of Structure) So, I Expect a Bullish Move 📈 ----------- TARGET: 0.89455🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!