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
Disclaimer on!
It tries to break the resistance after FOMC made a statement yesterday. But it fails to breaks this resistance it could be back to the Support again. As FOMC said it depends on the inflation situation in few weeks.
What do you think?
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...
AXY looks like it has good support, DXY looks super bearish. I believe AUDUSD has potential to pop up toward 0.7435 from here if the bulls don’t drop the soap.
Please do your own t.a, manage your risk, and stay safe.
Thanks for hitting the like button!
Similart to our recent GBPUSD and EURUSD ideas, the concept on AUDUSD is the same. Price making higher highs but the volume is diminishing suggesting us that Banks might release supplies soon on AUDUSD
