EURAUD Bullish move**Monthly Chart**
The monthly candle is expected to close bullish after it tested the low at around 1.6000 (round number).
**Weekly Chart**
Last week's candle closed bullish indicating a bullish trend to continue at least to test the manipulation candles (order blocks) at 1.66000 level.
**Daily Chart**
Look for a bullish structure as the price retraces in the lower time frames, such as H4 and H1, for one more push to the upside. 300+ pips are expected in this move.
AUD (Australian Dollar)
Heading into multi-swing high resistance?GBP/AUD is rising towards the pivot and could reverse to the overlap support level.
Pivot: 1.9692
1st Support: 1.9559
1st Resistance: 1.9805
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.
Pullback resistance ahead?EUR/AUD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 1.63985
1st Support: 1.62560
1st Resistance: 1.64784
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, poised for massive recovery! 1000 pip prospect.AUDJPY went on a winning spree this year, creating new ATH week after week before finally meeting a saturation point from its last peak at 109 levels.
As with any parabolic behavior, gravity must play out and it did. The pair corrected with so much weight, trimming down 1500 pips of its recent highs.
Now based on recent daily data metrics, AJ is bound for massive recovery as it is hinting reversal queues already.
Double bottom has been registered. A retraced to 78.6 fib level on its weekly metrics should warrant an upside reversal play.
Major order block at the current price zone should converge a good amount of net buyers. This key area is at the most overextended bargain area already fibwise.
Ideal Seeding opportunity at the current price.
Spotted at 95.0
Target is previous peak at 109.0
TAYOR.
EURAUD I Slight correction and potential upside Welcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURAUD Under Pressure! SELL!
My dear friends,
My technical analysis for EURAUD is below:
The market is trading on 1.6339 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6255
Recommended Stop Loss - 1.6386
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
AUDJPY My Opinion! SELL!
My dear subscribers,
This is my opinion on the AUDJPY next move:
The instrument tests an important psychological level 101.08
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 - 100.37
My Stop Loss - 101.48
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.
———————————
WISH YOU ALL LUCK
AUD/CHF Targets 0.5820 as Bulls Regain Control!The outlook for AUD/CHF leans bullish, as the pair trades within an ascending channel and recently found support near 0.5750-0.5770. This level has held firm, signaling strong buying interest. The rebound aligns with an improving RSI, hinting at a possible shift towards higher prices.
The divergence in central bank policies adds to the potential for an upward move. While the RBA maintains a steady rate at 4.35%, the SNB might adopt a more dovish approach, making the AUD relatively more attractive. Any recovery in commodity demand or risk sentiment could further support the Australian dollar.
If the pair breaks above 0.5795, 0.5820 is expected, aligning with the upper trendline of the channel, signaling continuation of the bullish momentum.
EURAUD - Long from support zone !!Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I want price to make a retracement to fill the imbalance lower and then to reject from support zone.
Like, comment and subscribe to be in touch with my content!
EURAUD: Bearish Continuation & Short Signal
EURAUD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short EURAUD
Entry - 1.6320
Sl - 1.6357
Tp - 1.6243
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
AUDNZD getting ready for a reversal to the UPSIDE.AUDNZD extended its correction to 0.5 FIB levels. Based on 4H data it is currently boucing off this 1.08 range with precision.
Expect some significant price growth from the current range.
KEY NOTES:
Unusual Gap Jump on histogram -- hinting of significant net buying / accumulation.
0.5 FIB Level bounce -- buyer's demand area.
Weekly/Monthly price shift -- firm on goal: upside continuation.
Spotted at 1.080
TAYOR
Safeguard capital always.
Bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.92022
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.9246
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.9132
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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: 1D MA50 just confirmed a sell signal.AUDCAD is neutral on its 1D technical outlook (RSI = 47.833, MACD = 0.001, ADX = 20.919) as the price hit and remains on the 1D MA50. The long term pattern is a Channel Up that 3 weeks ago made the latest HH. The crossing under the 1D MA50 has confirmed the new bearish wave as the July 23rd January 5th 2024 crossings did. The 1D RSI is also on an identical correction. All pullback waves hit atleast the 0.618 Fibonacci level, which yet again is what you should be targeting (TP = 0.905500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
AUDCAD still optimistic in price levelAUDCAD daily time frame shows an optimistic outlook for this pair with potential bullish continuation. Today candle is crucial and this confirmation shows a nice rejection from 0.9172 price level. First bullish movement testing 0.9290 supports this move as we see bullish strength building up. Good risk and reward opportunity