AUD/CADIt has touched the 3x both downwards and upwards! This could lead to a breakout! The exchange rate has been unable to move normally for many days now, they just keep jerking it around. Based on the news, I expect that this week they will pull it up, and we can finally stay above the weekly level, and then the rally can start! What is your opinion on this?
Aud
More correction down for Audchf?Likely more down side.
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EURAUD Potential DownsidesHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.66300 zone, EURAUD 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 1.66300 support and resistance area.
Trade safe, Joe.
Looking for EURAUD stem dips.EURAUD - 24h expiry - We look to Buy at 1.6475 (stop at 1.6415)
Broken out of the channel formation to the upside.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.6600 will confirm the bullish momentum.
The measured move target is 1.6700.
Our profit targets will be 1.6625 and 1.6655
Resistance: 1.6600 / 1.6650 / 1.6700
Support: 1.6500 / 1.6450 / 1.6425
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AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.87000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is in a correction phase in which it is approaching the trend at 0.870000 support and resistance area.
Trade safe, Joe.
AUDJPY: Is this the start of the reversal?We saw some JPY strength last week and I think we could be starting to see reversal, however my confirmation of this will be below 93 support.
Even though BoJ hasn't intervened yet, there was a lot of buying in the week which we saw against the USD, I still expect BoJ intervention soon.
Nice pinbar rejection on the 4HR from my resistance block.
Looking for a short here on LTF's, but with tight SL and will keep it following any move down.
Australian dollar forecast in D time
According to Ingulf and the clearing of buyers at 0.63, the price needs to provide the fuel for its main downward movement with Hunt's higher liquidity.
The possible area for the main long-term TB is marked with respect to the left of the price
Not financial advice
EURAUD Potential DownsidesHey traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.65850 zone, EURAUD 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 1.61850 support and resistance zone.
Trade safe, Joe.
AUDUSD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDUSD for a buying opportunity around 0.63600 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.63600 support and resistance area.
Trade safe, Joe.
AUDNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDNZD for a buying opportunity around 1.06200 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.06200 support and resistance area.
Trade safe, Joe.
GBPAUD: Thoughts and AnalysisToday's focus: GBPAUD
Pattern – LH Trend continuation
Support – 1.8935
Resistance – 1.9185
Hi, and thanks for checking out today's analysis. The GBPAUD daily is today's focus. What has our attention is the possible continuation that's setting up. This looks to be a bearish continuation at this point, but we want to see price hit a new lower low for the week to show seller strength. The moving average is sloping down, and the RSI trading below 50 supports sellers, but we still need to see price confirm the move.
If buyers can close the above 1.9185, this starts to cancel out this short idea. If sellers can get the move going, we will look to 1.8951 as a potential key resistance area (buyer support).
Good trading.
Dead cat bounce on AUD/JPY?Once again we saw AUD/JPY rally above 96 before reversing lower, which is a pattern we have seen occur four times since January 2022. A shooting start reversal formed on Friday and the cross fell around -4% Tuesday’s low, breaking a bullish trendline before finding support at the 200-day EMA, February high and 96 handle.
We’ve seen two modest up days since, but now we’re looking for evidence of a swing high around 95 – as this houses the weekly S1 pivot, 50% retracement level and cycle highs.
The initial target is 94, a break of which brings 93 in focus. But if risk off returns, then a break of 93 seems plausible.
AUDCHF: Important Breakout & Very Bearish Pattern 🇦🇺🇨🇭
Take a look at a strong rejection from a key horizontal daily resistance on AUDCHF.
After a test of 0.5925 level the market dropped and violated a support line of a rising parallel channel.
Taking into consideration that the pair is trading in a long term bearish trend,
probabilities are high that the market will drop now.
Goals: 0.577 / 0.567
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