AUDJPY has now had two rejections in less than a week on the 1D MA200, which is also at the top of the six month Channel Down pattern. The 1D technicals have already turned neutral (RSI = 50.136, MACD = 0.500, ADX = 19.362), the 1D RSI has been trading sideways inside a Rectangle while the price was on HH/ HL, which indicates a Bearish Divergence and the...
AUDNZD broke and closed above a key daily structure resistance. The broken structure turned into a key support. I believe that the pair may keep growing. Next structures: 1.083 / 1.0915 ❤️Please, support my work with like, thank you!❤️
OANDA:AUDCAD Big nothing for over 7 hours. Closed out at 3pips, as I didnt want to gamble into NY close AGAIN, NY Session....I can do with it really ARRGGGHHHHH LOL
Hello Traders👋🏻 The AUDCHF Price Reached a Resistance Level and Resistance Line (Resistance Cluster) ✔ The Price Failed To Create New Higher High📈 Currently, AUDCHF Formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, AUDCHF Can Continue The Bearish Move 📉 ----- TARGET 1: 0.59582🎯 TARGET 2: 0.59020🎯 ___________ if you...
Hey Traders👋🏻 On The Daily Time Frame The AUDUSD Price Reached A Support Level (0.65644-0.66165) ! Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level) So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.64350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURAUD is trading in a long-term bullish trend on a daily. After a correctional movement, the price formed a double bottom pattern with a higher low. Its neckline went broken yesterday. I expect a bullish trend continuation. Goals: 1.66 / 1.671 ❤️Please, support my work with like, thank you!❤️
AUDUSD is on a strong 2 day sell streak below both the 1D MA50 and 1D MA200 but is approaching the bottom/ LL trendline of the six month Channel Down. The 1D time frame is technically bearish (RSI = 36.760, MACD = -0.003, ADX = 28.005) and the closer the 1D RSi gets to being oversold (30.000) the stronger the buy signal on the long term becomes. As long as the 1D...
OANDA:AUDCAD Got my late (early) 10 pips Shorted, why not.....
AUDNZD broke and closed below a key horizontal structure support on a daily. The broken structure and a falling trend line compose a contracting supply zone now. A bearish continuation will be expected on the pair. Next goal - 1.048 For entries, consider the underlined blue area. ❤️Please, support my work with like, thank you!❤️
Hello Traders👋🏻 On The Daily Time Frame The AUDNZD Price Reached A Support Level (1.06374-1.05878) ! Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level) So, I Expect a Bearish Move📉 ----------- TARGET: 1.05295🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Fundamental Backdrop The Wage Price Index q/q maintained at 0.8% which shows that the economy has not improved. Employment Change suffered significantly, dropping from 61.1k to -4.3k, which shows that consumer spending has been greatly reduced. Unemployment Rate also increased from 3.5% to 3.7%, showing that overall economic health has detoriated. ...
Commodity Currencies Still Vulnerable Danske expects that tighter financial conditions and vulnerability in the global economy will tend to undermine commodity currencies. As far as the Australian dollar is concerned it adds; “With the global growth backdrop remaining weak, recovery in Chinese manufacturing losing steam and metal prices declining, the outlook...
Hello Traders👋🏻 The AUDCAD Price Reached a Resistance Level ✔️ The Price Failed To Create New Higher High and formed a Triple Top Pattern ✔️ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, AUDCAD Can Continue The Bearish Move 📉 ----- TARGET: 0.89655🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Australia: Jobs, wage data and RBA minutes on tap Australia’s labor market data is out on Thursday and expected to show the addition of 25k jobs in April after 53k jobs added in March, with the unemployment and participation rates seen steady at 3.5% and 66.7% respectively. Just a day ahead of this release, we also get the Q1 wage price index which could be a...
AUDUSD is inside a Channel Up with the 1day MA100 on its top and the 1day MA50 in the middle. Buy on the short term and target the Channel's top at 0.68150. Price closing over the Channel Up equals buy, Target 0.7000. Price closing under Support A equals sell, Target 0.6400. Follow us, like the idea and leave a comment below!!
AUDCAD is trading in a wide horizontal trading range on a daily. Approaching its upper boundary, the price formed a descending triangle formation. Its neckline was broken last week. I explain a bearish movement to 0.896 level. ❤️Please, support my work with like, thank you!❤️
Australia: Jobs, wage data and RBA minutes on tap Australia’s labor market data is out on Thursday and expected to show the addition of 25k jobs in April after 53k jobs added in March, with the unemployment and participation rates seen steady at 3.5% and 66.7% respectively. Just a day ahead of this release, we also get the Q1 wage price index which could be a...
The AUDCHF pair is on a long term Channel Down that has just been rejected on the 1D MA50. The 1D technicals are marginally bearish (RSI = 44.758, MACD = -0.002, ADX = 32.406) meaning that this is still a sell opportunity in its early stages. As in December, target the LL line (TP = 0.580000). ## If you like our free content follow our profile to get more daily...