AUD USDWe updating last chart of AUD USD, and adding one more position.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
Aud
AUD CADWe updating last chart of AUD CAD, and adding one more position.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
Buy AUDJPY Bullish ChannelThe AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position (buying) around the current price of 97.77, positioned near the channel support. This offers an entry point close to potential buying pressure.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 98.21 and 98.44. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 97.60. This helps limit potential losses if the price breaks down and invalidates the bullish pattern.
Thank you
AUDUSD:Could fall with bearish metals and stocks!Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area.
We would also consider the current bearish momentum on Gold and indices since AUDUSD have a positive correlation with Metals and stocks that should put forwards pressure on AUDUSD to downsides.
Trade safe, Joe.
GBPAUD to stall at previous swing high?GBPAUD - 24h expiry
Continued upward momentum from 1.9380 resulted in the pair posting net daily gains yesterday.
A Fibonacci confluence area is located at 1.9100.
Selling spikes offers good risk/reward.
Bespoke resistance is located at 1.9537.
There is scope for mild buying at the open but gains should be limited.
Intraday signals are far from strong.
We look to Sell at 1.9537 (stop at 1.9587)
Our profit targets will be 1.9417 and 1.9387
Resistance: 1.9537 / 1.9570 / 1.9972
Support: 1.9400 / 1.9277 / 1.9100
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.
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AUDUSD 1D Death Cross formed. Any bounce is a sell opportunity.The AUDUSD pair is forming today a 1D Death Cross, as the 1D MA50 (blue trend-line) is crossing below the 1D MA200 (orange trend-line), for the first time in 11 months (since April 14 2023). Obviously it is a major technical sell signal and in fact the price action since the start of the year (Channel Down), is very similar to the one of early 2023.
The 1D RSI fractals are virtually identical and in relative terms we are at the point where the (blue) Bear Flat is about to break downwards. Any rebound at this stage is a sell opportunity and our Target is just above the 1.236 Fibonacci extension at 0.63750.
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AUDJPY possible dropAfter price broke structure to the downside with momentum, it preceded to retrace back towards a very extreme supply zone that it left behind during the expansion. It has currently formed liquidity below this supply zone that it could use to fuel its move further to the downside to break the recently formed weak low. The reason a short would be ideal now is because although we are bullish on larger time frames, we are currently bearish on lower time frames and are riding the retracement of the larger higher time frame move.
EUR AUDMy analysis on EUR AUD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
AUD USDMy analysis on AUD USD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
AUD CADMy analysis on AUD CAD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
EURAUD Potential UpsidesHey Traders, in today's trading session we are monitoring EURAUD for a buying opportunity around 1.65500 zone, EURAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.65500 support and resistance area.
Trade safe, Joe.
AUDUSD H4 15 March 2024AUDUSD H4 15 March 2024
The AUD/USD pair experienced losses, breaking below crucial support levels as a sharp resurgence in demand for the US Dollar prevailed. Firm inflation data and positive labor market figures contributed to the Dollar's recovery, alongside ongoing speculation regarding the Fed's expected rate adjustments. Further catalysts for the Australian dollar are expected to hinge on China's economic outlook.
AUD/USD is trading lower while currently testing the support level. Suggesting the pair might extend its losses after breakout.
Resistance level: 0.6625, 0.6685📉
Support level: 0.6560, 0.6485📈
AUDUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66000 support and resistance area.
Trade safe, Joe.
AUDJPY ANALYSISHello traders here is an analysis of AUDJPY for the coming weeks, what I have noticed in this market is that the price formed a rising wedge pattern that signals a bullish move but now after giving it some time and thoughts the price can go either way because you can see that it has been creating support and resistance and you can see it respect those zone so now I will wait for the price to break one of the zones then retest it then I will look for the opportunities that the market will present to me. What's your take on this one?
AUD/JPY Opportunity? BOJ and RBA announce decisions together Is the AUD/JPY the trade to make at the beginning of the coming week?
Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other.
The Bank of Japan is up first, at 11:00 pm on Monday (US time UTC –4). The Reserve Bank of Australia follow at 11:30 pm.
What's expected from each bank?
According to sources quoted by Reuters, the Bank of Japan is leaning toward exiting negative rates this month. This is something that would really be a huge shock to the market. It would be the year's story, but do most traders believe this is possible, or is April the more likely timeline? Even a hint of an April rate hike could be a huge event in the market.
From the RBA, traders might be looking for a rate cut, but won't likely get it. An argument on the side of a rate cut involves the RBA getting nervous about what the Wall Street Journal calls a “Deepening Property Crisis of its Own Making”. Sarah Hunter, the Assistant Governor of the RBA, addressed the economic and inflation forecast during a panel discussion at the AFR Business Summit on Tuesday, stating that “Households are clearly struggling at present.”
AUDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCHF for a buying opportunity around 0.57850 zone, AUDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.57850 support and resistance area.
Trade safe, Joe.
Audchf somemore upside?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
pullback could be in place but likely to look more to the upside and taking longs on pullbacks
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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AUDCAD Breakout and Potential retraceHey Traders, In today’s trading session we are monitoring AUDCAD for a buying opportunity around 0.88500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88500 support and resistance zone.
AUDCHF: Will the SNB signal cuts?Of all the National Banks, analysts are expecting the SNB to be one of the first to cut, the CPI this week on Tuesday could indicate a cut is coming.
Looking at price action on this pair, we've broken out of the downward channel, albeit we've struggled ton break resistance, but equally we've retested the channel boundary multiple times and so far failed to break it, so this looks like we're in the region of a medium term reversal.
I'm looking for Buy entries on this pair, we need to break 0.58 to confirm the reversal, but I think there's longs to be had with LTF confirmations.
AUDJPY Potential DownsidesHey Traders, in tomorrow’s trading session we are monitoring AUDJPY for a selling opportunity around 98.100 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 98.100 support and resistance area.
Trade safe, Joe.
Heavy on the AUDNZD as well,watch for lower timeframeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watch out Audnzd for a turn. :)
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"! --
*********************************************************************
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.
*********************************************************************
Euraud likely more upside coming?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
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!
Believe that this is a lower timeframe bullback for more upside. Let's see.
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
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.
*********************************************************************
AUDUSD Potential DownsidesHey Traders, in tomorrow’s trading session we are monitoring AUDUSD for a selling opportunity around 0.65350 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65350 support and resistance area.
Trade safe, Joe.
