Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.61700 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.61700 support and resistance area. Trade safe, Joe.
Aussie (AUD/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 0.6699 1st Support: 0.6631 1st Resistance: 0.6735 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
GBP/AUD is falling towards a support level which is an overlap support that aligns wit the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.90387 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 1.89407 Why we like it: There is a pullback support level. Take...
The AUD/USD pair kicked off the new week on a positive note, hinting at a potential rebound from a significant support area that aligns with the 78.6% Fibonacci retracement level. This comes after a bearish reversal observed last week, which saw the pair correcting from its previous bullish momentum. Recent Trading Activity Last week, we successfully closed a...
The Aussie (AUD/USD) has broken out of a resistance level and could potentially pull back to the pivot and bounce to the 1st resistance. Pivot: 0.6641 1st Support: 0.6592 1st Resistance: 0.6698 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Hello Traders, In today's trading session, we are closely monitoring AUD/USD for a potential buying opportunity around the 0.66100 zone. AUD/USD is currently trading in an uptrend and is in a correction phase, bringing it closer to the key support and resistance area at 0.66100. This level has historically served as a significant pivot point for price action,...
The Aussie (AUD/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 0.6641 1st Support: 0.6577 1st Resistance: 0.6675 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Bank of America anticipates diverging monetary policy paths between the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) after their respective June meetings, with the RBA seen as one of the last major central banks to cut interest rates. The Wall Street bank's view was reinforced by robust Australian labor market data, suggesting potential for...
Watch out for the RBA interest rate decision, which is coming out on Tuesday. Strong moves in AUD are possible. #AUDUSD EASYMARKETS:AUDUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced...
RBA decision: Will the Aussie Dollar break out? A potentially interesting week awaits the Aussie dollar, with the Reserve Bank of Australia (RBA) expected to hold its interest rate unchanged. Money markets price around a 97% chance for rates to remain at the current level and only a 3% probability of a 25-basis point cut. Last week, ANZ became the first of...
Hello Traders, In the upcoming week, we are closely monitoring AUD/NZD for a potential selling opportunity around the 1.08200 zone. AUD/NZD is currently trading in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 1.08200. This level has historically acted as a significant pivot point for price action, making it...
Hey Traders, in tomorrow's trading session we are monitoring AUDCAD for a buying opportunity around 0.90600 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area. We would also like to consider the current bullish momentum on stocks, due to the positive correlation...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If you have followed my video, i mentioned about shorting on chf crosses . It has came down quite a bit and i think it will still continue on...let's see how it play out this week. :) can look at cadchf etc.. Do check out my recorded video (in trading ideas) for the...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. I find the long tailing candles of the last 2 weeks disturbing....but still bearish on this cross..watching for short opportunities! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt...
This is Part 1 of the Weekly Forex Forecast. Part 2 will follow! Look for it! In this video, we will cover: USD Index EUR GBP AUD CAD NZD CHF JPY Enjoy! May profits be upon you.
Key Points: Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 105.15 2nd Support – 105.50 Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the...
The GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
AUD posted a strong rally of 5% from the April low, before 67c capped as resistance. A choppy rage has since formed between 66c-67c, although it could also be a bull flag in the making. Whilst we wait for it to decide which of the two it is, we're looking at a cheeky swing trade long idea heading into the weekend. The 1-hour chart shows a strong rally from US...