AUDNZD Reversal expected. Cyclical bearish signal emerging.Has been a while since we looked into the AUDNZD pair, following our Sell Signal on November 16 2023 (see chart below):
The price has now reached the 1.093250 Symmetrical Resistance, which has basically only broken once in the last 12 months. Ahead of a potential 1D MACD Bearish Cross, we see a high resemblance of the current High with the June 20 2023 peak.
As a result, we are turning bearish on this pair, targeting the 0.618 Fibonacci retracement level (as the July 14 2023 Low) at 1.07100.
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Aud
AUDUSD Bearish stocks and Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area.
We would also like to consider the current bearish bias on stocks that AUDUSD is having a positive correlation with, so bearish stocks may trigger further AUDUSD downsides.
Trade safe, Joe.
AUD/CHF Possible Bearish Scenario
Today, the RBA meeting spoke neutrally about AUD. Without any possible Hawkish scenarios, AUD is not bullish nor bearish either.
But since USD is wiping every minor currency in the market, AUD has been affected too.
Currently, We are bearish on AUD/CHF.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88300 support and resistance area.
Trade safe, Joe.
Could AUDUSD bounce from here?Price is currently on a support level and could reverse from this level to our take profit
Entry: 0.64818
Why we like it:
There is a pullback support
Stop loss: 0.64493
Why we like it:
There is a pullback support
Take profit: 0.65090
Why we like it:
There is a pullback resistance that aligns with the 50% Fibonacci retracement
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.
AUDUSD: Wait to buy this dip.AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we will buy that dip and target the LH trendline (TP = 0.6700).
See how our prior idea has worked out:
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AUDJPY to find buyers at market price?AUDJPY - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 98.60.
Price action looks to be forming a bottom.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 99.00 will confirm the bullish momentum.
We look to Buy at 98.60 (stop at 98.32)
Our profit targets will be 99.30 and 99.50
Resistance: 99.00 / 99.10 / 99.25
Support: 98.60 / 98.50 / 98.35
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDCAD Sell opportunity with Death Cross emergingThe AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension.
As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236 ext).
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POTENTIAL TRADE SETUP ON AUDUSDHey Traders,
Check out this technical analysis on AUDUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
AUDUSD to find sellers at market price?AUDUSD - Intraday
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Rallies should be capped by yesterday's high.
Bespoke resistance is located at 0.6520.
We look to Sell at 0.6527 (stop at 0.6547)
Our profit targets will be 0.6477 and 0.6467
Resistance: 0.6520 / 0.6535 / 0.6560
Support: 0.6490 / 0.6465 / 0.6440
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDUSD Bearish stocks and Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area.
Trade safe, Joe.
AUDUSD - Bullish Outlook (ICT)Here is my outlook on AUDUSD.
Price recently got rejected at a Monthly Bisi which is also a Weekly Orderblock, and started to shape some up movement. My bias for this to continue is that buyside trendline liquidity residing above, coupled with the significance of a higher timeframe Discount Array. On the lower timeframes there is more buyside liquidity engineered on the way up, along with some whipsawing price action which signifies to me a shakeout before displacing to the upside.
This is just a prediction. Price can very well make another low first to around the 0.6425 level first, and if it does that and displaces one more time back to the upside, I will feel very confident in that narrative.
- R2F
AUDJPY Hit the top of the Channel Up.The AUDJPY pair has recently hit our long-term bullish Target of 99.300, which we set on our last trading idea (December 18 2023, see chart below):
That was at the top (Higher Highs trend-line) and the 1.136 Fibonacci extension of the 9-month Channel Up. We are technically expecting a pull-back now towards the bottom (Higher Lows trend-line) of the Channel Up and our Target is the 0.382 Fibonacci retracement level at 95.600.
If however the price breaks above the Higher High and the Channel Up, we will have a formation bullish break-out and as a result we will take the small loss on the short and go long instead, targeting the 3.0 Fibonacci extension at 102.700. In that case we will be expecting a rally similar to June 2023, which led to the creation of the current Channel Up.
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GBPAUD to continue in the downward move?GBPAUD - 24h expiry
Price action has continued to range within a rectangle formation.
A lower correction is expected.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9385.
We look to Sell at 1.9385 (stop at 1.9425)
Our profit targets will be 1.9285 and 1.9265
Resistance: 1.9385 / 1.9435 / 1.9490
Support: 1.9285 / 1.9230 / 1.9175
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUD/USD aimed for 0.635 (3/26/2024)Hello Traders
AUD/USD moving down in 5 Elliot wave impulse waves.
After the first 5 wave impulse, AUD/USD made an ABC correction.
Afterward, we faced a big drop in AUD/USD indicating that the price desires lower levels and has started another 5-wave impulse.
So we believe every correction is a sell opportunity for this pair.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUD/NZD next wave down(~500 pip)(3/26/2024)Hello Traders
it looks like AUD/NZD is starting a new wave dive down into 1.035.
The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDUSD - Trend-Following Setup 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDUSD has been overall bullish , trading within the rising wedge pattern in red.
Currently, AUDUSD is approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline.
📚 As per my trading style:
As #AUDUSD is hovering around the circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDUSD remains mixed and volatileAUDUSD - 24h expiry
The primary trend remains bearish.
The rally has posted a correction count on the daily chart.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 0.6560.
We look to Sell at 0.6560 (stop at 0.6580)
Our profit targets will be 0.6505 and 0.6470
Resistance: 0.6560 / 0.6580 / 0.6600
Support: 0.6520 / 0.6500 / 0.6470
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
This week’s 4 major trading eventsIn the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday.
Economic data in Europe will be limited this week due to the Easter break, with major bourses closed for Good Friday and Easter Monday. Perhaps the only event of note is ECB President Christine Lagarde speaking on Monday.
In Japan, attention will be focused on minutes from the BoJ's recent meeting and the Summary of Opinions for insights into potential follow-up actions following the historic interest rate hike seen last week.
In Australia, February’s inflation rate expectations for March, as well as consumer confidence, are expected to fall.
Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance and seize trading opportunities (see below for link)
Gbpaud play the range on daily,h4 Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Likely just gonna play along with this range formed on higher timeframe.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
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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