Hi All, Looking at the Aussie dollar against the USD, we can see on the daily that we have downward pressure along with the bearish divergence playing out. I have 2 levels as a point of interest. The 0.5 fib retracement and 0.618 fib as one can see that this has confluence with the wedge breakout target, and along with the daily EMA levels. USD (DXY) is...
SIGNS: Clear support & resistance shown as well as candles staying above 50 MA. Expecting price to reach the 2.618 fib level and stop loss at fib level zero. A lot of bullish candles show bullish momentum. Price has respected both the trend lines as well as previously consolidating at the support level. Confluences: A very bearish engulfing candle at 0.71572.
The Australian dollar rallied above 0.72 and was immediately rejected. But it still holds the above the daily trendline. Potentially this rally can be extended to 0.73. Buyers have to protect their positions with tight stops. Commercials (based on COT) keep adding to their short positions, the cycle is turning to the downside. That makes me believe a selloff is...
After the finish of the butterfly harmonic pattern and the big touches of the strong resistance, we can expect a high sell signal tomorrow after the volume confirmation, so be prepared for it, and the VWAP breakout may come secondly, The volume confirmation is very indispensable to confirm our sell signal, so you MUST MUST MUST wait for it, Thanks for watching...
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Evening Traders, Today’s analysis will be on the Australian dollar, taking a hit after breaking local support. Currently it’s trading at a pivot point that needs to be defended by the bulls. Points to consider, - Consecutive lower highs - Local support breached - 1998 Lows tested - Volume climax evident - RSI oversold - Stochastics in lower region The...
Hi All, Observations: =========================================================== > Downward channel > Downward trend not broken, higher lows and lower lows. > 200 and 50 EMA still above price > RSI bearish, MACD bearish on the weekly. RSI has room for more lows. Thoughts: =========================================================== Another 5% loss against the...
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Price is almost at the neckline. Following break and close of the neckline I'll be looking for shorting opportunities. What's your plans for this pair?
AUDUSD Bullish Bat Pattern giving me an entry long
Overall, AUD/USD is ranging across. Recently, AUD/USD has been trending downwards bouncing off the resistance level 0.68800. AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.
Australian dollar possible short term upwards correction but are we going to see a continuation of the down trend? The Australian dollar has been under pressure from a strong USDOLLAR and persistent weakening of monetary policy in the region. I'd expect to see some pullback here and see what happens as it could continue sharply lower as we have seen this year. If...
AUD USD STOP LOSS 10 PIPS