AUDJPY is trading is bullish parallel channel and currently trading at top of the channel which also acting as the resistance to pair. Will the bear take benefit from these confluences and push price to lower side?
AUDNZD is in long term bearish trend. And currently trading at strong area of value. The area is currently acting as a strong resistance along with the resistance from trend. Will AUDNZD continue its downward trajectory?
On Wednesday, the S&P/ASX 200 Index increased by 0.8%, going above 7,060. This rise was due to an increase in technology and banking stocks, following similar trends on Wall Street. Investors are hopeful that the worst is over from the collapse of Silicon Valley Bank and Signature Bank. Additionally, a US inflation report that matched expectations calmed the...
GBPAUD in a down channel ever since the head and shoulders reversal pattern. partial down trend on the hourly has been broken and opens the door to test the main trend. i am looking for entries a bit higher to test support as highlighted
We see a reversal pattern forming for the australian dollar. The main driver for this is china opening back up trades routes. Australia is a massive coal exporter and its biggest buyer was China who for some time now had not been doing business with Australia however this is now all changing as China look to green light the coal exports again.
Not only this but...
After the arrival of the Australian dollar following the competition with the Japanese yen, which weakened greatly, it is time for a major correction until Fibonacci 0.5
I believe this would be a great setup if we reach and reverse from the top of the channel with a nice 4hr bearish candle. Please leave a like and let me know what you think in the comments.
With most DXY pairs in retrace mode this week I am more comfortable trading usual pairs like EURAUD for now and we've got a perfect entry here at the support of the channel and the stochastics which have been pretty profitable recently are back in overbought area. Let me know what you think in the comments
very strong setup
I'm glad share this with you guys...
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AUD/CHF has hit support 0.68994 as well the rising support. We could expect further movement towards the upside. If it breaks through the resistance of 0.69325 then we could see a continuation to 0.69501.
AUD is still the stronger currency.
FX:AUDUSD
Hello traders. My eyes this week is on the Aussie's pairs, Why???
Okay, first Aussie dollar index is about to confirm a Head & Shoulders reversal pattern in the daily chart.
And what caught my attention, is the beautiful floating Island at the top what tells us to be ready for a trend reversal.
Traders, get ready for this move and stay tuned and make...
The aussie looks like its ready to fall against most currencies. Im gonna try to find another buy entry on Eur/Aud , A sell on Aud/Usd , and a Buy on Eur/Nzd!
Im gonna trade them all at 0.01 or 0.02 and use a 100 to 150 pip stop loss.
I gained Hundreds of pips from the buy Thursday Night into Friday afternoon on Eur/Aud and Eur/Nzd and they both have bull hammer...
This is the weekly analysis of the Major Indexes.
From this analysis, we can form a high probability pairing of the currency pairs we should be trading.
