AUD/USD Triangle Breakout (19.2.25)The AUD/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.6391
2nd Resistance – 0.6404
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Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the pullback support.
Pivot: 0.6421
1st Support: 0.6377
1st Resistance: 0.6465
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDUSD Bullish break-out signalThe AUDUSD pair has been trading within a Channel Up pattern for the whole month of February and since yesterday it is making a bounce on the 4H MA50 (blue trend-line).
Today it broke above the previous High and this is a bullish break-out signal. The previous Bullish Leg that rebounded on the 4H MA200 (orange trend-line) and broke above its previous High, targeted the 1.382 Fibonacci extension.
With the presence of an Inner Higher Highs trend-line, we expect the pair to hit the 1.382 Fib at 0.64250.
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Bullish bounce off pullback support?EUR/AUD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 1.6398
1st Support: 1.6328
1st Resistance: 1.6506
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price bounce from here?AUD/JPY is falling towards the support level which is a pullback support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 95.69
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 95.06
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.62
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD/JPY: Counter-trend bull flag in focusI have outlined my bearish case for AUD/JPY for the year in prior articles and videos, but today I want to look at a potential countertrend setup.
A bull flag is forming on the daily chart. Usually I'd prefer to see such patterns during a strong uptrend as a continuation pattern. But given we saw a false break of an elongated bullish pinbar and sharp reversal higher, I suspect there is at least one more leg higher brewing for AUD/JPY. And because this is counter trend to my core bearish bias, I am not seeking the usual flag projection target, and instead will be happy with a more conservative reward if successful.
Prices are holding above the 10-day ERMA and weekly pivot point, but bulls could also seek dips towards the high-volume node (HVN) at 95.11 or around the 98 handle.
Bulls could target the 97 handle, with a break above 97.20 brining the weekly R1 into focus just below 98.
Matt Simpson, Market Analyst at City Index and Forex.com
Bullish continuation?The Aussie (AUD/USD0 is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 0.6376
1st Support: 0.6331
1st Resistance: 0.6449
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDJPY Sell signal below the 4H MA50.The AUDJPY pair has been trading within a Bearish Megaphone and is currently going sideways within the 4H MA200 (orange trend-line) and 4H MA50 (blue trend-line). Every time the latter broke to the downside, the pattern started its new Bearish Leg.
Assuming it hits at least the 1.236 Fibonacci extension like the first Bearish Leg, we are looking at a short-term Target of 93.750, if the 4H MA50 breaks.
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AUD/NZD could be veering towards a breakoutThe RBNZ just delivered their third 50bp cut in a row, and they have left the door open for further easing this year. And given I expect the RBNZ's cash rate to remain beneath the RBA's for the remainder of the year, it could pave the way for a bullish breakout on AUD/NZD.
Matt Simpson, Market Analyst at City Index and Forex.com
Falling towards 50% Fibonacci support?AUD/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6304
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.6254
Why we like it:
There is a pullback support level that is slightly below the 38.2% Fibonacci retracement.
Take profit: 0.6375
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDUSD Bullish AUD/USD has successfully broken a strong resistance level, signaling bullish momentum. After the breakout, we may see a retracement to the previous resistance area, which could now act as support before the next leg up. If buyers continue stepping in, further upside movement is expected.
🔹 Key Levels to Watch:
✅ Support: Retesting the previous resistance zone
✅ Bullish Confirmation: Holding above support could fuel further upside
Always follow proper risk management and wait for confirmation before entering trades
The RBA just cut by 25bp: Instant ViewThe RBA have just cut their cash rate for the first time since late 2020. Using their monetary policy statement and updated forecast, I provide my instant high-level view of what this could mean fir future policy - with an update to my AUD/USD outlook thrown in for good measure.
Matt Simpson, Market Analyst at City Index and Forex.com
Falling towards 50% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.6301
1st Support: 0.6259
1st Resistance: 0.6376
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?AUD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 96.59
1st Support: 94.69
1st Resistance: 96.84
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off pullback support?AUD/JPY is falling towards the support level which is a pullback support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 95.69
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 95.06
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.85
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?AUD/CAD is reacting off the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.9006
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.8976
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.9044
Why we like it:
There is a pullback resistance level that is slightly above the 138.2% Fibonacci extension.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDCAD: Bearish Cross kickstarting a decline.AUDCAD is practically neutral on its 1D technical outlook (RSI = 55.879, MACD = 0.001, ADX = 33.394) and got rejected on both the 1D MA100 and MA200 that formed a Bearish Cross. The Channel Down mimics the June 30th 2023 Cross that then pushed the price to the bottom of the Rectangle on the 1.382 Fibonacci extension. Go short, TP = 0.86600.
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Massive week for Aussie and Kiwi markets The Reserve Bank of Australia’s first meeting of the year is days away with money markets pricing in an 86% chance of a 25bps cut and a 14% chance that rates unchanged.
However, Australia Finacial Review’s John Kehoe suggests market expectations of a 90% probability for a cut may be overstated, arguing the decision is closer to a 50/50 call.
If the RBA cuts rates on Tuesday, it could support the government's message that cost-of-living pressures are easing and could lead to an early election announcement. If rates remain unchanged, the prime minister may delay the election until mid-April or May, hoping for a cut at the RBA’s next meeting on April 1.
Meanwhile, the RBNZ is expected to cut rates this week, with markets pricing a 68% chance of a 50bps cut and a 32% chance of a 25bps reduction. A Reuters poll of 33 economists found 32 expecting a 50bps cut. However, ASB chief economist Nick Tuffley anticipates smaller 25bps cuts in April and May instead.
AUDUSD Is Close To The Daily ResistanceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64000 support and resistance area.
Trade safe, Joe.
Bearish drop?AUD/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 50% Fibonacci support.
Pivot: 96.53
1st Support: 95.68
1st Resistance: 97.86
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish continuation?AUD/NZD is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance.
Pivot: 1.1092
1st Support: 1.1072
1st Resistance: 1.1137
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62700 zone, AUDUSD is trading in a downtrend and currently is in correction phase in which it is approaching the trend at 0.62700 support and resistance area.
Trade safe, Joe.