EURAUD Potential DownsidesHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area.
Trade safe, Joe.
AUD (Australian Dollar)
GBPAUD Trading Opportunity! BUY!
My dear followers,
I analysed this chart on GBPAUD and concluded the following:
The market is trading on 1.9388 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.9440
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPAUD Set To Fall! SELL!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.9507
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9407
My Stop Loss - 1.9561
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
The BB lower band is nearby so EUR-AUD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.659.
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Easy 3R - Union Jack vs. his superior cousin A fairly easy and straightforwarded trade:
Just short the GBPAUD on rallies as the RBA will (very likely) still hike rates in 2024, where as the UK is done with rate hikes and will cut much faster than the market expects right now.
UK:
- CPI will fall faster than the BOE expects it right now.
- Especially services inflation will has a big downside surprise risk
-> BOE sees it at 6.9%, where as I see it more at 6.7 or 6.8%
- UK Labour market will also weaken faster than the BOE expecs it, putting pressure away from wage inflation
-> BOE sees no rate cuts in 2024, where as I see Q2 2024 as the perfect time for the BOE to start cutting rates
Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.58172
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.58981
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.56944
Why we like it:
There is a pullback support level .
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 Will Fall! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.915.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.914 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURAUD - Now We Want!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been bearish trading within the falling channel.
Currently, EURAUD is approaching the lower bound of the channel.
Moreover, the zone marked in blue is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #EURAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD SELL TF H4 TP = 1.6323 On the H4 chart the trend started on Aug. 06 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 1.6323
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
AUD/CAD: Awaiting Breakout from Descending Trend Line➡ Awaiting breakout from the descending trend line
➡ Key resistance levels: 0.9185 and 0.9197
➡ Strong support at 0.9120
AUD/CAD is testing the descending trend line, with a potential breakout on the horizon. Traders should watch these levels for a clear directional move.
EURAUD: Bullish Continuation is Expected! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy EURAUD.
❤️ Please, support our work with like & comment! ❤️
EURAUD - 4hrs ( Sell Trade Target Range 320 PIP ) Pair Name : EUR/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
1.64100 Area
Reasons
- Major Turn level / D
- Visible range LVN
- Pattern Break / Channel
- inner Choch
- Fibo Golden
- week / D low
Bullish Reversal
1.60500 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Accumulation Zone
- Quarters Area
- Choch Zone
Could price rise from here?AUD/JPY is reacting off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 97.50
Why we like it:
There is a pullback support level.
Stop loss: 95.04
Why we like it
There is an overlap support level which aligns with the 50% Fibonacci retracement.
Take profit: 101.34
Why we like it:
There is a pullback resistance level which is slightly below the 61.8% Fibonacci retracement.
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.
Potential bullish rise?AUD/CHF is reacting off the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.56953
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 0.56538
Why we like it:
There is a pullback support level which is slightly above the 38.2% Fibonacci retracement.
Take profit: 0.58174
Why we like it:
There is a pullback resistance level.
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 follow through of 2 weeks of solid bullish move … 26 AugWeekly chart – a rejection of price below 0.9010 and then 2 strongly bullish weeks.
Daily chart – bullish trend, pullback completed last week, now moving up again. Note the size of the last daily candle as compared to the bearish candles.
H4 chart – this is my entry time frame. It would be nice to see a small pullback, perhaps to the minor support at 0.91590 or even better to the 20ema.
Evidence of bullish PA would justify taking a long trade. However, if a move to the downside forms, that would negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros