AUD (Australian Dollar)
AUDCAD triangle Hello traders,
A triangle has been formed in the chart! This is the path suggest for the pair. However Due to news release of Canada, there might be some surprises in the path, I have my positions open with lower volume and will move my SL to just the point of news release.
Any breaks out of triangle would make new setups available.
Best regards, Ali
AUDCHF What Next? SELL!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5993 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 - 0.5952
Recommended Stop Loss - 0.6018
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 shortA short trade signal for AUD/NZD suggests that the Australian dollar is expected to weaken against the New Zealand dollar.
From a fundamental perspective, weaker economic data from Australia compared to New Zealand, a more dovish stance by the Reserve Bank of Australia compared to the Reserve Bank of New Zealand, and lower commodity prices impacting Australia's economy can all contribute to the bearish outlook. These combined factors indicate a higher likelihood of the AUD depreciating against the NZD, supporting the short trade signal.
EURAUD is ready to go shortEURAUD pair is in a solid downtrend, supported by this price zone. We expect this momentum to continue in the short to medium term. It is evolving in a well-defined descending channel, with several contact points confirming its validity. The price is currently hovering near the upper limit of the channel, which could offer an interesting selling opportunity on the continuation of the downtrend.
Heading into overlap resistance, could it reverse from here?EUR/AUD is rising towards the pivot and could reverse to the pullback support.
Pivot: 1.61575
1st Support: 1.60790
1st Resistance: 1.62133
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.
AUDNZD: Bearish Continuation & Short Trade
AUDNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDNZD
Entry - 1.0918
Sl - 1.0951
Tp - 1.0862
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Bearish drop?AUD/CAD is rising towards the pivot which has been identified as a pullback resistance and could drop from this level to the pullback support.
Pivot: 0.91309
1st Support: 0.90987
1st Resistance: 0.91553
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: DT ConfirmedBased on the Price Action of the EURAUD, it seems likely that the downtrend will continue. The currency pair broke a significant support level at 1.6242 and is now in oversold territory.
It is important to consider the recent encouraging economic data in the Eurozone and the optimistic outlook for the EUR, which may lead to a temporary upward movement, possibly reaching a resistance level at 1.6546 or encountering supply around 1.6650.
Major Support begins @ 1.4761, however, we may be able to squeeze a little more downside out of this movement by targeting the Demand Zone @ 144.24.
AUDNZD...DT ContinuationI believe that the downtrend on the 1D timeframe will continue, given that Price Action closed below 1.0877.
Resistance at 1.0874 has encountered a price rejection and may be poised to resume the downtrend following this significant rally.
If the resistance level at 1.0942 is broken with the price closing above it, there is a possibility of the price moving higher towards the supply zone around 1.0962.
AUDCAD What Next? BUY!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The instrument tests an important psychological level 0.9068
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9095
Recommended Stop Loss - 0.9051
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