AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite a decent recovery from the start of the year, the AUD gave back most of its 1Q22 gains throughout 2Q22 due to China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While other major economies...
AUDUSD looks to be breaking neckline support at 0.6837, which may set the stage for a test of downside thresholds at 0.6765 and 0.6678. Near-term, neutralizing selling pressure might demand re-establishing a foothold above 0.6872. From there, another challenge of the 0.70 figure could follow.
Have you seen that HUGE head and shoulders pattern on AUDUSD on a daily. The price finally broke and closed below its neckline, turning that into a strong resistance. Now a further decline is expected. Next goal for sellers - 0.6735 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Australian Dollar/Japanese Yen was reversed from the top of the ascending channel by a Shooting 💫Star💫 Candlestick Pattern. I expect that the Australian Dollar/Japanese Yen will go down to the lower line of ascending channel. 🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position...
As I said before, the Australian Dollar/Japanese Yen started to fall from the top of the ascending channel with Shooting 💫Star💫 Candlestick Pattern and finally managed to break the bottom line of the ascending channel. As a result, the Australian Dollar/Japanese Yen's expectation of my green color decreases. 🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY )...
In this currency pair, we see a 100% correction compared to the previous downward step. Therefore, a relatively good R/R can be obtained from this trade. be profitable🤑
Simple and comfortable position We have a side area in which the AUDGPY currency pair is moving, so considering that the price is moving at the ceiling of this side, we can hope for a fall. be profitable🤑
GBPAUD formed a double top trading within a peculiar confluence zone on an hourly time frame. That zone is based on an intersection between a falling trend line and a horizontal supply area. I believe that the pair may drop at least to 1.6939 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Persistently high inflation has seen the ECB tilt more hawkish by hiking rates 50bsp in July. Additional pressure on inflation from gas supply shortages and drought-linked supply constraints has seen ECB members get more uneasy about price pressures, with comments last week suggesting that there is growing...
After the speeches of the members of the Federal Reserve and Powell, the dollar index regained its bullish guard. However, the AUD/USD currency pair has not lost its upward trend yet. be profitable🤑
Important thing happened this night on AUDNZD pair: the price broke and closed above a wide daily supply area. The broken structure turned into a support now. The next goal for buyers is the narrow area around 1.128 level. It is based on a key monthly structure and 5 years' high. I will be patiently waiting for an occasional retest of the broken structure to...
The AUDNZD currency pair has moved in a very strong and long time side trend (about 9 years) and is currently approaching the ceiling of this side area, so the probability of the price return from this area is very high. . Don't forget to place your stop loss outside the upper side line and at a relative distance.
Watch levels 1.45387 and 1.43202 for sell signals.
The AUDCHF pair seems to be repeating the October 2021 - January 2022 fractal both on candle and RSI terms on the 1D time-frame (both recording a -7.50% decline). The price has been closing below the 1D MA50 (blue trend-line) since June 15. A break above the 1D MA200 (orange trend-line) would be a bullish break-out signal, targeting the Lower Highs trend-line and...
The AUDCAD price is in 50 FIB LEVEL🧐 the key level is broken (Break of Structure ✔) so, i predict a bullish move 📈 TARGET: 0.90985 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Watch For A Retest At Price Level 1.45743 for a short opportunity.
Wait for price to close below 0.68694 before considering a short entry.
Price above MAs on multiple key timeframes. Structure is overall bullish across most timeframes especially the smaller ones. Stochs for h2 and under align, weekly and daily in the right direction (h4 with the counter stoch) Divergence on M15 timeframe. Total RRR: 3.81