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...
Technically, AUD/USD was strongly bearish weekly base and it was expected to reach support level 0.7140$ and 0.7080$ further more downside if price break 0.7080$ we could see next support level 0.7020$ USDX's rebound has boosted the greenback which it has appreciated aggressively versus its rivals. AUD/USD is trading in a confluence area right now, so anything...
I am looking for buying opportunity I am waiting for pulling back in this market I am just buyer
aususd is preparating for sell..waiting for confirmation..thank you
AUD/USD daily- Reflecting down off its 20 simple MA Also, must reflect down below its 38.2% fib retracement level at 60.92
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...
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?
Hey traders, this setup is going long for some short term pips. -There has been 4 touches on this key support level, all of which have had stop loss hunts as seen by the long wicks & dips. -There is very little demand that would keep it at these levels as seen by the volume profile. -I see the green box as a nice target price for this short term long. Watch out...
AUDUSD and iron ore have been quite tightly correlated over the years as it is one of Australia's number one exports. Now there is divergence which should be looked upon with high skepticism. Either the Aussie dollar will rise on the prospect of higher demand or the price of iron ore will retreat on the continue lack of demand if the supply side cannot remain limited.
AUD USD testing Trendline top-- Short offer good RR if trend line holds-- look for entry on smaller TF
AUD-USD Bearish Descending wedge breakout (Weekly chart). Long term target around 60 US cents.
AudUsd - Daily chart - I see a good oppurtunity to sell all major pairs against the dollar. Audusd here is at the perfect zone to sell for a minimum of 150 pips target to the downside.