EurAud sell insight Price rejects an old weekly level 1.84352 clearing the previous week's high 1.82907 hence closing bearish.
Now I'm anticipating the previous week's low to be cleared so I'm bearish for the week 1.71115 (previous week low) as my draw of Liquidity 🧲
1.81291 and 1.84782 are my point of interest to short after getting confirmation
Kindly boost of you find this insightful 🫴
AUD (Australian Dollar)
GBPAUD buy Trade IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD 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 Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPAUD market outlookFX:GBPAUD
Price has reached and reacted off significant level of resistance zone at 2.16400, which was last seen on the 2nd of November 2015. On Friday's NY open, price created a false bullish signal with a 190 pips pin bar candle on the H1 chart. Instead, price reacted off its recent swap zone and continued its downtrend. If it breaks below 2.07720, we can anticipate a short-term continuous downtrend to the daily demand range, which is about 200 to 300 pip movement.
On the fundamentals, the Aussie dollar has recently hit a 5 year low against the USD, trading at just 60.5 US cents as the two world's largest economies have been ramping up tariffs to as high as 125%. The AUD may be impacted due to China being Australia's biggest trading partner and the trade war is only increasing uncertainty risks. On the bright side, the ASX 200 surged by 4.5% on a single day as Trump announces tariff pause, which was the highest increase in value on a single day ever since the pandemic in 2020. Both the UK and Australia have been imposed the same reciprocal tariff rates of 10%, for now, I expect a short-term downtrend before its continuation upwards, but we'll see what the coming week brings to us.
EURAUD Will Go Down! Sell!
Here is our detailed technical review for EURAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.804.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.720 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDJPY Will Move Higher! Long!
Take a look at our analysis for AUDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 90.356.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 94.801 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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AUD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD/CHF is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 0.542.
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AUD/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.870 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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AUDJPYWe see in Australia against the Japanese yen two scenarios, i.e. the trend is completed to the downside, or if 90.449 is breached, it begins to rise, and we target 93.498 and 92.332, but most likely the scenario is an upward trend that will be activated, i.e. we wait for the taki candle after the breach.
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so GBP-AUD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2.090.
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Bullish bounce off pullback support?EUR/AUD has bounced off the pivot and could rise to the pullback resistance.
Pivot: 1.79142
1st Support: 1.76955
1st Resistance: 1.82291
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 Bearish continuation below 91.85The AUDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs.
Key Levels to Watch:
Resistance Levels: 91.85 (critical level), 92.84, 93.62
Support Levels: 87.87, 86.60, 85.70
Bearish Scenario:
A rejection from the 91.85 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 87.87, with extended declines targeting 86.60 and 85.70 over the longer timeframe.
Bullish Scenario:
A breakout above 91.85 with a daily close above this level would challenge the bearish sentiment, opening the door for further gains toward 92.84, followed by 93.60.
Conclusion:
The market sentiment remains bearish, with 91.85 acting as a critical resistance zone. A rejection from this level could reinforce the downtrend, while a confirmed breakout would shift the outlook to bullish, favouring further upside. Traders should closely monitor price action at this key level for confirmation.
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AUD/JPY SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the AUD/JPY with the target of 85.454 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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AUDJPY to find buyers at previous resistance?AUDJPY - 24h expiry
There is no indication that the rally is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 91.00 will confirm the bullish momentum.
The measured move target is 92.00.
We look to Buy at 89.50 (stop at 88.50)
Our profit targets will be 91.50 and 92.00
Resistance: 91.00 / 91.50 / 92.00
Support: 90.00 / 89.50 / 89.00
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Bullish bounce off pullback support?AUD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 89.50
1st Support: 87.82
1st Resistance: 93.06
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.
Bearish reversal?AUD/NZD is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.09400
1st Support: 1.08854
1st Resistance: 1.10183
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.
AUD_NZD POTENTIAL SHORT|
✅AUD_NZD is going up now
But a strong resistance level is ahead at 1.094
Thus I am expecting a pullback
And a move down towards the target at 1.086
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDCAD Excellent Channel Down bottom opportunity.The AUDCAD pair has been trading within a long-term Channel Down since the January 26 2023 High and the recent Trade War fueled sell-off took the price almost on its bottom (Lower Lows trend-line).
The 1D RSI got vastly oversold at 14.00 and a bottom is to be expected within the next 2 weeks. Still, this level is low enough to be considered a solid long-term buy opportunity already. The previous bottom rebound targeted initially the 0.5 Fibonacci retracement level, so our target is 0.88850 on the medium-term.
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AUD/JPY Technical Outlook: Wave 5 Completion in SightIn AUD/JPY, the 4th wave has been completed, and the 5th wave is in progress. According to Elliott Wave theory, there is a high probability of the market continuing its downward movement.
Regarding potential targets, the price may reach 88.151 and 87.365 on the downside. However, a bullish move could also emerge if the market breaks above 89.645 .
euraud sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade