AUD-CAD Will Keep Growing! Buy!
Hello,Traders!
AUD-CAD is trading in an
Uptrend and the pair is making
A local correction but we are
Bullish biased mid-term so
After the retest of the
Horizontal support of 0.9164
We will be expecting
A further move up
Buy!
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AUD (Australian Dollar)
AUDCHF LONG
Current Trend :
The AUD/CHF pair is showing a bullish trend with a recent breakout from a descending trendline. The current price is 0.60499, just above the 200-period simple moving average (SMA) at 0.59995.
Support and Resistance Levels :
Major Support: 0.60309, 0.60279
Major Resistance: 0.60531, 0.60766
Fibonacci :
Key Fibonacci retracement levels are drawn from the recent low to the high:
38.2%: 0.60385
50.0%: 0.60309
61.8%: 0.60279
The breakout of the descending trendline indicates a potential bullish reversal. Confirmation of this breakout, coupled with a rebound above the SMA 200 level, reinforces the idea of a bullish continuation. The Fibonacci levels provide reference points for placing Stop Loss and Take Profit orders, minimizing risk while maximizing potential gain.
AUDCAD - Long from trendline !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price continue the retracement to fill the imbalance lower and then rejects from trendline + FIBO 0.5 level.
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AUDCAD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The instrument tests an important psychological level 0.9181
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 - 0.9147
Recommended Stop Loss - 0.9204
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUD/JPY SHORT FROM RESISTANCE
Hello,Friends!
AUD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 106.780 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/CAD has a strong bullish momentum, could it rise further?Price is falling towards the support level which is an overlap support that aligns with the 38.2%% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.91509
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.91142
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.92096
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.
GBPAUD to remain mixed and volatile?GBPAUD - 24h expiry
The primary trend remains bearish.
Intraday signals are mixed.
A higher correction is expected.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9070.
We look to Sell at 1.9070 (stop at 1.9102)
Our profit targets will be 1.8925 and 1.8905
Resistance: 1.9070 / 1.9100 / 1.9150
Support: 1.9010 / 1.8960 / 1.8910
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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AUDCAD: Bearish Forecast & Bearish Scenario
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move down.
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GBP/AUD H4 | Bearish Momentum PersistsGBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.9042 which is a pullback resistance and the presence of the bearish Ichimoku cloud highlights the bearish momentum.
Stop loss is at 1.9090 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 1.8909 which is a multi-swing-low support.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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AUDCAD Sell signal emerging on a 3.5-year Resistance!The AUDCAD pair just hit on the week's opening the Lower Highs trend-line that was first initiated on February 22 2021. As the 1W RSI is just below its own 3.5-year Resistance Zone, the first strong long-term sell opportunity flashes.
Check below how the last AUDCAD analysis (May 29, see chart below) provided an excellent buy opportunity:
The more short-term pattern though since the September 25 2023 Double Bottom is a Channel Up and it is close to pricing its new Higher High. This is just above the 3.5 year Lower Highs trend-line, so we give the sell signal this much tolerance level for some deviation.
Our Target on the medium-term is 0.9000 (Support Zone 1, similar symmetry to the previous Higher Low on Support Zone 2).
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AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the AUD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.596.
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Potential bullish rise?AUD/CHF has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit.
Entry: 0.60211
Why we like it:
There is an overlap support level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.59896
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
Take profit: 0.60833
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.
AUD/CAD Bullish Breakout AlertThe AUD/CAD pair has broken out of an ascending channel, indicating a bullish continuation. The breakout is supported by increasing volume, suggesting strong buying interest. Key support is at 0.91500, with the target set at 0.93500. This setup offers a promising opportunity for traders, provided the support holds. Keep an eye on this pair for potential gains.
AUDJPY Expected Growth! BUY!
My dear subscribers,
My technical analysis for AUDJPY is below:
The price is coiling around a solid key level - 108.32
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 108.41
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURAUD: Bullish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURAUD chart which, if analyzed properly, clearly points in the upward direction.
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EURAUD - Short from trendline !!Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I wait price to continue the retracement and then to reject from trendline + FIBO 0.618 level + institutiomal big figure 1.61000.
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Bearish drop?AUD/CHF is reacting off the pivot which has been identified as an overlap resistance and could fall to the 1st support.
Pivot: 0.60608
1st Support: 0.60204
1st Resistance: 0.60817
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