Beginning of the AJ Bull's END?!Here I have AUD/JPY on the Daily Chart!
Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave!
With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially turn into a Correction Wave!!!
The Sellings have BEGUN!
-You can see that the RSI after this enormous drop in price Breaking Lows ( Structure) is now operating under the 50 mark & Oversold!
-The BB Trend is now printing Red Bars showing signs of Bears in the vicinity!
Where might Price go??
-If 99.209 is our True Lower Low we will be working with, I suspect price will make a STRONG retracement!
*Potential Retracement Levels*
( 103.091 - 103.691 ) - Golden Zone
( 104.291 - 105.490 ) - 50% / 38.2%
-Fundamentals-
*Uncertainty of BOJ decision mixed with the suspected COOLING of inflation on AUD may be just the catalyst we need to see this pull off!
AUD - CPI q/q & y/y - Tuesday, July 30th
JPY - BOJ Policy Rate - Tuesday, July 30th
AUD (Australian Dollar)
Weekend Analysis Round Up- EUR/USD, AUD/JPY, DOGEHey Everyone!! Here is my Weekend Analysis Round Up for Market Open!!
1) EUR/USD - Head & Shoulders Pattern w/Potential Bearish Wedge as Continuation Confirmation!!
2) AUD/JPY - Possible Correction Wave based off new LOWER LOW!
3) Doge - Stuck in a Pennant?!
AUDCHF 29.7 - 5.8Hello guys, welcome to another analysis, this time AUDCHF. As you can see if you look on the chart, price took out the daily low and seeing that makes me question one thing: Is this objective completed for the price? Very likely it can be. On the 15min we already got the flip in structure, so I would like to see buyers come into the market and push the price higher.
If I don't post any analysis after this - I will post them soon. At the moment I am still on a vacation.
Blessings, T
GBP-AUD Will Grow! Buy!
Hello,Traders!
GBP-AUD is trading in an
Uptrend and the pair
Is making a local pullback
But a horizontal support
Of 1.9546 is ahead and
After the retest we will be
Expecting a local
Bullish move up
Buy!
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EURAUD Weekly Analysis and OutlookEURAUD Weekly Analysis and Outlook
This week, the EURAUD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth.
Current Market Overview:
The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend.
Expectations and Potential Scenarios:
Upon breaking the resistance zone, we anticipate that the EURAUD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend.
Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions.
Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend.
Conclusion:
In summary, the EURAUD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
EUR-AUD Bullish Bias! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair
Broke the falling resistance
Which is now a support
Then made a retest and
Now we are already seeing
A bullish rebound so we
Will be expecting a
Further move up
Buy!
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AUDCAD - Short from bearish order block !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 0.91000.
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AUDNZD Trading Opportunity! BUY!
My dear friends,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.1054 pivot level.
Bias -Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.1102
Recommended Stop Loss - 1.1023
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDNZD: Bearish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDNZD chart which, if analyzed properly, clearly points in the downward direction.
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EURAUDEURAUD price is near the resistance zone 1.66918. If the price cannot break through the resistance level 1.66918, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
EURAUD - FakeOut + Potential Bearish BreakoutTaking a look at the 4 hour timeframe, price action attempted to break and hold above the high timeframe resistance. However following the 4H rejection candle, prices began to drop towards the ascending support.
Question now is.. will this ascending support break and hold. ATR and RSI are both giving us early clues that it will.
Trade Safe
BUY AUD/CHF📈 Trade Recommendation: AUD/CHF
🟢 Action: Buy
Entry Point: 0.5790
Target: 0.6000
📊 Trade Details
Detail Value
Currency Pair AUD/CHF
Action Buy
Entry Point 0.5790
Target 0.6000
Stop-Loss Level 0.5730
📌 Trade Rationale
Technical Analysis:
Support level at 0.5790
Resistance level at 0.6000
Fundamental Analysis:
Positive economic indicators for AUD
Market sentiment favoring AUD over CHF
📈 Visual Chart
(Include a visual chart here showing the entry point, target, and stop-loss levels. For now, a placeholder text can be used if the chart is not available.)
AUD/JPY Buy Trade OpportunityAttention Traders!
Here's an exciting trade setup for the AUD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains.
Trade Details:
Buy Range: Enter the trade when the price is between 105.40 and 105.50
Profit Targets:
First Target: 107 Set this as your initial level to take some profits.
Second Target: 107.50 Aim for this level to maximize your returns.
Key Points to Consider:
Entry: Ensure you enter the trade within the specified range of 105.40 to 105.50 to optimize your potential profits.
Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 107 to secure initial profits and aim for 107.50 for additional gains.
Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position.
This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management.
Happy Trading!
AUDJPY Potentially bearishOANDA:AUDJPY had a cool bullish run on the H4. Looking at it from the TA angle, we have seen a sharp drop around the daily key resistance area plus we have seen some shift with the new lower highs and lower lows gradually setting in. #AUDJPY just might drop to the 104.639 area.
AUDCAD - 4hrs ( Sell Trade Target range 200 PIP ) ✔️Pair Name : AUD/CAD
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
0.92100 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Break
- Visible range Hvn
- Fixed Range Lvn
- D / Week High
✔️Bullish Reversal
0.89000 Area
Reasons
- Major Turn level / Month
- Major Triangle Pattern
- Choch / Bullish
- inner Counter
- Fibo Golden Zone
- Month High
- Day High + week Break