Fundamental Backdrop 1. DXY continues to weaken 2. Westpac Consumer Sentiment 8.6% lift in house price expectations (Interest Rates Up) 3. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results, strengthening the AUD. 4. Watch out for the US CPI News tonight Technical Confluences 1. Price recently...
OANDA:AUDUSD Price is moving into FiBO ZONE on 1 Hrs Charts. Expect a rebound from the zone
AUDUSD has retraced to the 0.5, 0.618 & 0.7 Fib levels, and is currently showing signs of SELLING pressure, will be monitoring this trade for a good entry if it should meet all my requirements. Feel free to share your ideas ☺️
Hello Traders! Here we can see this candle close below the many PDL. This can be a perfect opportunity for commercials to load long. For us small traders we must wait to see if we can get a confirmation for a buy. If the price returns back to this candle's high it signs they want the price to keep going higher.
This trend seems bullish as it is following the higher highs and higher lows pattern and we took an entry using fib retracement.
There's been accumulation which led to break of structure... now price has created liquidity just below our supply area. i still want to see price rally up and fill up that liquidity, tap into my point pf interest (POI) then watch price react there before i decide to buy. confirmation is always important.
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red...
Hey Traders and Investors. I trade in real time with confirmed statistics. Search for sell in the Sell_Zone.
Tomorrow we have expectation to be lower data for the CPI number that will create Long position sizes. we expect that the support zone be consolidated and then we see break to higher levels.
I placed support and resistance on a 4-hour time period and conducted analysis over 1 hour, thus I placed buy instant and sell stop orders.
Bullish indications: Bounce from support Bulllish divergence. Morning star candle pattern Making new HHHL AB=CD pattern complete indicates reversal. Trade Plan Bias Long @0.65887-0.65974 SL :0.65583 TP1:0.65199 TP2:0.66508 TP3:0.66908 TP1:
Bearish Consensus: Harmonics, Engulfing Candle topping pattern from the 161.8% KFB extension. Higher timeframe Hull is very bearish
We saw AUDUSD sideways consolidate between 0.6775 and 0.6700 on the H1 timeframe before breaking support at 0.6700 and plummeting to 0.6570. We then saw a pullback and shooting star rejection on the previous support, now resistance, as well as the golden fib, which formed a confluence of matrix for a reversal to the downside. Could we see a continuation leg down...
Overall Target 0.6400 1st target 0.65800 My strategy: - Use round psych levels with market structure. - Only use 3 timeframes M 4hr 15min (sometimes need to glimpse weekly if not clear enough) - Use fib retracement. - Doji/Engulfing entry
AUDUSD from the opening of the session makes another attempt to break the downtrending price channel. A new bullish momentum is forming. What's next? A break of the resistance of the descending channel is a delayed reaction to last week's news. The dollar got a little bit lower with the press release (technically it made a false-break and is making a...
Hey Traders, Above is a technical overview on AUDUSD and the most important zones to watch. AUDUSD was trading in a downtrend and successfully managed to break it out after NFP news and current market sentiments. Currently the dollar seems indecisive prior to Tuesday CPI data so we expect some short term continuation to the upsides until CPI release. Above we have...
This is no financial advice. remember to use risk management