We are still looking at long audusd. At 4h time frame. Lower entry point.
We have decided to publicise this trade to help out with the Tradingview community, we recently published a buy trade for GBPUSD on the monthly which is currently doing very well. Today we want to bring USDCAD to your attention, which has confirmed downside below the 200SMA after holding above it for a short period. A death cross is looking likely in regards to...
Another freebie for everyone, this time around we are focusing on EURAUD as a currency pair and its likelihood of upside. The price is currently holding trend at the 50 / 100 SMA's and if / when previously broken has continued to hold at 200 SMA. It looks like we could be on our way to re approach the previous high, located at the top of the daily fibonacci.
As shown, the price has managed to find support above the 50/100 SMA's as well as holding at the fibonacci level shown. After a consolidation phase the price looks like it should continue upwards.
Double bottom confirmed for AUDJPY on higher time frames and whilst we have a wedge forming, I do not think it will be able to break below the yearly lows at it's current state. This could be invalidated by fundamentals such as the trade war with the USA, but lets see how the technical analysis handles.