Bearish drop?AUD/CAD has reacted off the pivot and could fall to the overlap support.
Pivot: 0.91545
1st Support: 0.91123
1st Resistance: 0.91682
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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.
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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 (Australian Dollar)
Bearish reversal?AUD/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 88% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 1.09907
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Stop loss: 1.10273
Why we like it:
There is a pullback resistance.
Take profit: 1.09378
Why we like it:
There is an overlap support level.
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AUDJPY - Long from bullish order block !!Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 107.000.
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EURAUD I In correction and short opportunity coming soonWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDJPY - Aussie Japan Forex - idea I AudJpy 07/2024
Yearly: Stoch OB but very bullish close.
→ Resistances ahead: 103-106 (grey box) – 107 (Yearly High)
→ big wick area from 98-107 ---- Bearish Zone, once yearly closes above its converted.
→ 107 opens a chapter of Double Topping
Quarterly: Bullish Breakout above Triangle. Retesting 107
→ showdown area reached
→ Stochastic OB 96 = some kind of reversal expected
→ candle closes very bullish above grey area but below 107 – Retest for a drop?
Monthly: Bullish close, almost vertical now
→ 3 Months too much gains without a retest : expected drop from here because we reached a major target
→ bullish trendline is still intact
→ 3D TF must be watched for early signs of a double top. Grey box must be broken for bears to take control
3D: Some Triangle formation – breakout can be volatile
- bullish trendline is intact so theres no reason to sell at all. It might just break above 107 and continue the bullish party. But they have been extended the party for a long time… time to get some rest? … Will consider long trades ONLY above 107.6. Below bears like me will be happy to start a party…
Thanks for reading…
GBP/AUD +100 Pips , 2 New Entry Valid To Who Missed It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
The BB lower band is nearby so GBP/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 1.909.
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Heading into overlap resistance, could it reverse?AUD/CHF is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support.
Pivot: 0.60166
1st Support: 0.59518
1st Resistance: 0.60396
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 rise?GBP/AUD has just bounced off the pivot which acts as a pullback support and could potentially rise to the 1st resistance.
Pivot: 1.8916
1st Support: 1.8869
1st Resistance: 1.9060
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.
EURAUD Technical Analysis! SELL!
My dear friends,
EURAUD looks like it will make a good move, and here are the details:
The market is trading on 1.6399 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.6355
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
GBPAUD Under Pressure! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9288
Bias - Bearish
Safe Stop Loss - 1.9348
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.9190
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDCHF LongThe monthly chart already gives me a lot of information. The last candles were all bullish, and now we have a nice wick rejection. The weekly chart clearly shows the weekly trend and has closed above the last two weekly candle highs. This indicates clear momentum. Based on the monthly and weekly charts, I have all the important information:
clear direction
target
I manage my trades in the daily chart and 4-hour chart. Daily chart: We can see that we are now in a bullish structure. So, the long correction is over, and we can expect a new high.
That doesn't mean we can't fall a bit more before continuing the bullish trend!!!
AUDJPYAUDJPY price is in the strong resistance zone 107.409 and 107.741. If the price cannot break through the 107.741 level, it is expected that there is a chance that the price will fall. Consider selling in the red zone.
>>GooD Luck 😊
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AUDNZD - Downside move !! Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here can see that price filled the imbalance and rejected from bearish order block, as well we have hidden divergence on daily and regular divergence on H4, so I expect to see bearish price action.
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EURAUD to follow the path of GBPAUDIdea No : 17
12 out of our last 16 ideas were successful and 4 still running, let's take a look at 17th
our last 2 ideas were spot on regarding EURAUD, please check related ideas
this one is very high in probability given we have already a GBPAUD idea running, there are new trendlines detected and the old one's are also providing enough support to this idea
therefore we expect this pair to move upwards and follow the green arrow very soon
let's see...
AUDCHF Will Go Down From Resistance! Short!
Take a look at our analysis for AUDCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.599.
Considering the today's price action, probabilities will be high to see a movement to 0.595.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Bias still on the upside for UJ,can look at AJ too...Hello fellow traders , my regular and new friends!
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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AUD-JPY Massive Resistance Ahead! Sell!
Hello,Traders!
AUD-JPY is trading in an
Uptrend as the Yen keeps
Weakening, but the pair
Will soon hit a massive
Horizontal resistance level
Around 107.983 and as the
Pair is overbought we will
Be expecting a local
Bearish correction
Sell!
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