Hey Traders👋🏻 The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔ Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure) Moreover, The Support Line of The Channel is Broken! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET:...
AUDJPY got rejected this week just before hitting Resistance A that is the High of September 13th 2022. Any rebound is a strong sell opportunity now as even the 1day RSI crossed under the MA level after becoming the most overbought its been since March 2022. The September 2022 peak got rejected back to its Fibonacci 0.618 level. Sell and target the new...
AUDCAD reached a solid horizontal resistance last week. The market was steadily growing within a rising wedge pattern. After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge. Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement. Goals: 0.901 /...
Hello Traders👋🏻 On The Daily Time Frame The AUDUSD Price Reached a Major Key Level (0.67525 - 0.68182)✔️ And Broke This Resistance Level ! Currently, The Price formed a Bullish Falling Wedge ✔️ The Resistance Line of the wedge is Broken 🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----- TARGET: 0.69545🎯 ___________ if you agreed with this IDEA,...
On a today's live stream, we discussed AUDCAD. The price formed a double bottom on a key daily support. Trading in a long term bullish trend, the market broke and closed above the neckline. We already took a long trade with my students. Growth is expected now. Goals: 0.9054 / 0.9077 ❤️Please, support my work with like, thank you!❤️
AUDNZD, is currently trading at resistance. A sell confirmation will be the signal we need to short this pair.
AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200. As the RSI is about to cross into the overbought...
Hello Traders👋🏻 On The Daily Time Frame The AUDJPY Price Broke The Resistance Level (92.189-93.048)✔ Currently, The Resistance Level Becomes New Support Level📈 So, I Expect a Bullish Move📈 i'm waiting for a retest.... ----------- TARGET: 94.700🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders👋🏻 On The Daily Time Frame The EURAUD Price Reached A Support Level (1.60735-1.60358) ! The Price Failed to Create New Bullish Move📈and Broke The Key Level (Support Level Becomes New Resistance Level) So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 1.59221🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...
EURAUD is touching at the moment the bottom of the Channel Up pattern that has been in place for 10 months. The 1D time frame is technically almost oversold (RSI = 32.980, MACD = -0.011, ADX = 36.222) with the RSI in particular last time it was that low was in July 28th 2022. If the price doesn't rebound on the current level, we expect a test of the 1D MA200. In...
Hello Traders👋🏻 On The Daily Time Frame The AUDCHF Price Broke The Resistance Level (0.60648-0.60276)✔ Currently, The Resistance Level Becomes New Support Level📈 So, I Expect a Bullish Move📈 i'm waiting for a retest.... ----------- TARGET: 0.61855🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBPAUD crossed under the 1D MA50 three days ago for the first time in three and a half months and today upon a retest as Resistance it is initially failing. With the 1D timeframe technically neutral (RSI = 45.941, MACD = 0.001, ADX = 27.184), if the price gets rejected then selling should transition into the 1W timeframe as well and start testing the lower Support...
2023-2024 Exchange Rate Forecasts From MUFG Growth Concerns hamper Commodity Currencies MUFG notes important uncertainty over the outlook for Reserve Bank of Australia (RBA) policy. On balance it expects that the RBA will not hike rates again. As far as the currency is concerned, it adds; “We continue to see AUD/USD moving higher but assume underperformance...
GBPAUD formed a tiny head and shoulders pattern on a solid horizontal intraday supply zone. I expect a bearish move from that area. Goal - 1.8596 ❤️Please, support my work with like, thank you!❤️
AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over. Consequently, we turn bearish ourselves, targeting the bottom of the Channel...
AUDNZD is unstoppable. The pair broke a key daily structure again. The next strong resistance is 1.105. It will most likely be the next goal for buyers. ❤️Please, support my work with like, thank you!❤️
The AUDJPY pair has been trading within a Channel Down pattern since the October 21 2022 High. Supported by the 1D MA50 (blue trend-line), it not only entered yesterday the Resistance Zone of December 13, but also reached the top (Lower Highs trend-line) of the Channel Down. This is a Double Sell signal and as long as candles close below it, we will be selling...
AUDUSD is testing a solid horizontal supply area on a daily. To catch a bearish movement from that with a confirmation, watch a horizontal range on 1H time frame. If the price breaks and closes below the support of the range on 1H, I will expect a bearish continuation. Next goal will be 0.656. Remember, that if the price breaks and closes above the...