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The AUDUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classical harmonic formation that signals potential trend reversals. The critical Point D, known as the Potential Reversal Zone (PRZ), is where the pattern completes, indicating a high probability of a bearish reversal. Confluence Factors: Key Resistance Area: Point D aligns...
The price may break out the Daily Bearish Channel (false breakout), then get rejected at a major resistance level (0.67645), to head down to the fib level 0618. I expect the price to rise from the fib level to make a new high. www.tradingview.com
Weekly: 1. Direction: Bullish 2. Reasons: 1. Price took recent swing high 2. massive displacement to the upside 3. Price is moving from ERL to IRL Daily: 1. Direction: Bullish 2. Reasons: 1. Price is respecting the daily FVG 2. Good displacement to the upside 3....
The AUD/USD pair is poised for an upward move on the 4-hour timeframe as it follows an ascending channel pattern. After completing a 50% retracement, the price has broken through a resistance level, indicating strong bullish momentum. This technical setup suggests a continuation of the upward trend.
ING predicts balance in USD forex pairs as buyers look ahead to the discharge of the April center non-public intake expenditures (PCE) rate index, predicted on May 31. The corporation believes that cross-asset volatility is in all likelihood to stay subdued withinside the coming weeks, that may spur the look for convey trades.
AUDUSD is currently at a resistance level at 0.66240 ,i can see price has retested the area again forming a double top ,if the area continues to hold we shall see sell towards 0.66031
The Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.6645 which is an overlap support. Stop loss is at 0.6613 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 0.6712 which is a pullback resistance. High Risk...
--------------AUDUSD OBSERVATION-------------- This is just an observation or more precisely said guesstimate. I wouldn't go long on this pair at the moment and still think USD has more upside potential. However it could be a scenario just for fun. So I share it to see what do YOU think of the possibility of such reversal.
Audusd might fall sharp. Keep an eye to secure some profit during nyc session.
As we shared yesterday. Price is currently respecting our demand zone and a perfect time to look for bullish entries. Price took out External sellside liquidity, which was also the LOW OF WEEK. Look for 15 min entry and target swing high.
AUDUSD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
Hello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
✅AUD_USD is trading in An uptrend and the pair Already made a rebound from The previously broken Key horizontal level of 0.664 Which is now a support and Is going up now which Reinforces our bullish bias And makes me expect A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
I noticed this flag when I switched to the Daily Time Frame. Its close to the support line at the end of the flag for a retest on the support line and a breakout of the channel
in the H4 timeframe, we encountered a resistance zone that was confirmed at m15 timeframe, so we can enter the sell position at the OB. good luck
The AUD/USD and NZD/USD are trending higher due to risk-on flows boosting these currency pairs. For AUD/USD, on the downside, immediate support could lie at 0.6594, just above the 100 Daily Moving Average. The RSI is almost levelling off at around 80. Westpac recently highlighted a bullish stance on AUD/USD: “...there is no clear path to significantly higher...
AUDUSD looks bullish to me after a test of a key intraday structure support. I see 2 strong bullish confirmations: - double bottom formation and a breakout of its neckline - falling channel and a breakout of its resistance. I expect a bullish movement now at least to 0.669 ❤️Please, support my work with like, thank you!❤️