AUD/USD is currently trading at session highs above 0.7055, having neutralized the immediate bearish view with a 0.30 percent gain on Friday.
The bullish doji reversal confirmed on Friday has opened up upside towards at 0.7100. On the Other hand, If Chinese Manufacturing and Non-Manufacturing PMI drop major support 0.7000/0.6990 could test again. Audusd Sell...
After looking at the AUD/USD pair I could see that we have just come from a big bearish move and started to see price pull back up to this very significant monthly area of support turned resistance creating an A B C formation on the Fib Tool. As we can see both counter trend line and trend line are being respected price made a lower low and a lower high which...
AUDUSD Long trade based off the bounce from support zone at 0.70
Key psychological level and strong 4hr bullish wick candle.
Aiming for the Fib 0.618 level and 4hr trendline that was broken.
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian dollar. Looking at the 1 hour time frame we can see price action has retraced back around to the 1.33631 area. Price action coming back to these levels coincides with the 50% fib retracement level and seeing a...
I spotted this formation yesterday as price heavily spiked to the upside to test a 3 touch bearish continuation pattern to the downside. Unfortunately I entered to early but this was because I was emotionally trading and not waiting for the perfect tweezer top reversal pattern before price proceeded to go to the downside. Lesson has been learnt always be patient...
Short idea.
I have my main chart set up on my other platform, so i have all my reasoning to enter.
Im just showing you where i believe its going.
This is just a free post
Trade at your own risk.
This pair has been following a beautiful trend channel and looks to continue a nice bullish leg. We had a clean break and retest of the Accumulation Zone/Inverted H&S. I have my sights on 1.36000.
We got EURUSD testing the strong resistance 78.6 Fibonacci Retracement above, while Dollar drifts lower Pre-Fed.
The Bulls will probably be getting exhausted soon.
The chance are in favor that in the days ahead (let's say this week) the price will face strong rejection obviously taking bearish turn.
SL 1.14080
TP 1.12900
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Hello Everyone,
Welcome to the latest update on Theta/BNB 4 hr chart. This is currently a very interesting chart and there is a lot to discuss. We are showing SEVERAL signs of the bears reigning command. Currently we are entering/dropping into the upper level of the major support zone (green box). Where this chart starts to get really interesting is that. there...
On the daily time frame, there has been a strong bullish trend since 30th November 2018, The 200 EMA confirms that gold is in a strong uptrend as it is below price. Also, the Ichimoku is showing bullish signals as there could possibly be a possible breakout from the cloud.The cloud shows that price is breaking out of the bullish cloud which indicates that there...
The price has reached the lower trend line and tested the 143.500 support. Hence its expected to bounce up as we have a bullish trend here.
On the other hand, we've got voting for PM Theresa May’s new proposal tomorrow (12 March). So expect some notable fluctuations for the days ahead.
Almost a month I published and idea titled "ETH, triangle or ABC?" where I start discussing which figure the market was printing.
A few hours after that chart, the price declined heavily downwards which gave us an important profit. So I was watching support levels and Elliot Waves behaviour and I´m still convinced that this is either an ascending triangle or a...
with given additional fundamental that US-Kim meeting was delivering bad result
and China trade war is cooling down, i expect Commodity and safe haven will continue its rally
Aussie, NZD, silver, gold still maintain to go up
