SMC-Trading Point update
Technical analysis of the AUD/USD currency pair on the 1-hour timeframe. Here's the idea behind the analysis:
Key Elements:
1. Support and Resistance Levels:
Resistance zone: Around 0.64350–0.64450
Support zone: Around 0.63450–0.63550
2. EMA (200):
The price is currently below the 200 EMA (0.64259), indicating bearish momentum.
3. RSI (Relative Strength Index):
RSI is around 50, indicating neutral momentum, but recently crossed down, hinting potential bearish continuation.
4. Two Scenarios Proposed:
Bullish Scenario:
If the price breaks above the resistance zone (~0.64400), a bullish rally toward the upper target at 0.65139 is expected.
Bearish Scenario:
If the price gets rejected from the resistance and breaks below the current support zone, a bearish move toward 0.63461 is expected.
5. Current Bias:
Slight bearish bias as the price is below both the resistance zone and the 200 EMA, with a possible setup for a breakdown.
Mr SMC Trading point
Conclusion:
This is a classic breakout or breakdown setup. The price is near a decision point, and the next move will likely depend on whether it breaks above the resistance or below the support zone.
Pales support boost 🚀 analysis follow
Technical analysis of the AUD/USD currency pair on the 1-hour timeframe. Here's the idea behind the analysis:
Key Elements:
1. Support and Resistance Levels:
Resistance zone: Around 0.64350–0.64450
Support zone: Around 0.63450–0.63550
2. EMA (200):
The price is currently below the 200 EMA (0.64259), indicating bearish momentum.
3. RSI (Relative Strength Index):
RSI is around 50, indicating neutral momentum, but recently crossed down, hinting potential bearish continuation.
4. Two Scenarios Proposed:
Bullish Scenario:
If the price breaks above the resistance zone (~0.64400), a bullish rally toward the upper target at 0.65139 is expected.
Bearish Scenario:
If the price gets rejected from the resistance and breaks below the current support zone, a bearish move toward 0.63461 is expected.
5. Current Bias:
Slight bearish bias as the price is below both the resistance zone and the 200 EMA, with a possible setup for a breakdown.
Mr SMC Trading point
Conclusion:
This is a classic breakout or breakdown setup. The price is near a decision point, and the next move will likely depend on whether it breaks above the resistance or below the support zone.
Pales support boost 🚀 analysis follow
Trade closed: target reached
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.