Aud
AUDNZD Sell opportunityThe AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26:
The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is the 4th rejection on the 1.093250 Symmetrical Resistance. The 1D MACD Bearish Cross simply confirmed the continuation. We are selling this and target 1.06500.
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AUDJPY: Important Breakout & Bullish Outlook Explained 🇦🇺🇯🇵
AUDJPY broke and closed above a solid horizontal daily resistance.
After a breakout, the price formed a bullish flag pattern on an hourly time frame.
Its resistance breakout after a retest of a broken structure is a strong bullish confirmation.
I anticipate growth now to 98,2
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GBPAUD to continue in the upward move?GBPAUD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Trend line support is located at 1.9225.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels. A move through 1.9250 will confirm the bullish momentum.
We look to Buy at 1.9205 (stop at 1.9155)
Our profit targets will be 1.9325 and 1.9350
Resistance: 1.9250 / 1.9300 / 1.9325
Support: 1.9225 / 1.9200 / 1.9175
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GBPAUD possible expansionPrice is in a bullish trend as it has been breaking highs and respecting lows. It broke the previous high and receded to consolidate for some time before breaking further structure with decent momentum. Due to the nature of this break, price could use the latest strong low as liquidity to reach for a Golden zone within our fvg that was previously unmitigated before expanding upwards to take out our higher latest strong high.
EURAUD: Expecting a bounce down from channel boundaryExpecting strength from the Aussie this week, even though the RBA hiked, I think the Aussie was negatively affected by the fall in commodities rates in the past week.
I see no strength in the Euro and I think Friday's candle suggests that this pair may not break back into my ascending channel, this could form a double top too.
Tuesday EUR GDP data - could be indicating recession...
Expecting a fall.
AUDUSD possible expansionPrice has been showing bearish orderflow until recently, where it broke our strong high with momentum. This thus invalidated the properties of a bearish flow, giving us a shift in market structure from bearish to bullish trend. Price previously left behind a demand zone that it has currently retraced to and mitigated. On lower timeframe, the same case holds as price portrayed a shift in market structure after it had tapped our 4h demand. This then gives us an opportunity jump on the possible higher timeframe expansion via this confirmation entry on lower timeftrame to take out our weak swing high
AUDJPY: Interesting zone, continue up or Double top reversal?We're at the top end of the range for this pair, I am expecting BoJ to start backing its currency.
I've recently noticed some negative correlation between USDJPY and the other XXXJPY crosses, so where USDJPY falls the others have been more bullish.
That said if the BoJ get involved it will tank all of them.
I'm not 100% what I really think will happen here, I think the Friday pinbar suggests there's more upward momentum, but will be very cautious if I trade as anything against the Yen (@which is staggeringly weak against everything).
I'm opting for a move up and would keep a tight and chasing SL in place.
AUDJPY: Thoughts and Analysis Today's focus: AUDJPY
Pattern – HL Continuation
Support – 96.10
Resistance – 97.52
Hi, and thanks for checking out today's update. Today, we are looking at the AUDJPY on the daily chart.
Today's video asks if the AUDJPY will continue its continuation pattern. We have run over the price action that drew us to this setup and what we want to see to give us confirmation. We have also run over warnings from price that could invalidate the setup.
If we see buyer confirmation, we will then look for a test or break of 97.52 resistance. This could suggest that the current upleg is becoming a new short-term trend.
Good trading.
AUDCAD: Awesome breakout, time to fall back?Had a great breakout of the falling wedge that I called out in an earlier idea (I missed the trade as it happened sooner than I expected), but now I believe we'll fall back from resistance (we can see some rejection on the daily) before confirming the trend change higher.
No real fundamentals for this, pure price action.
SHORT ON AUDCADThis one for the more conservative trades, low risk high reward high probabilty setup on AUDCAD, Weekly Price action serving as the sponsor of our bearish sentiment.
Zone indicated for possible entry region after structure change confirmation on the lower timeframes (15m)
Goodluck Travellers and Beyond
AN turn lower as previously mentioned..now..I believe it would have more downside, but do take note of the minor support on the daily and could bounce to pullback before going down further.
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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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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✨ AUDUSD: Curve Analysis (50m)✨TP5 @ 0.6485
TP4 @ 0.6470
TP3 @ 0.6425
TP2 @ 0.6395
TP1 @ 0.6350
BLO1 @ 0.6310 ⏳(moderate)
BLO2 @ 0.6285 ⏳(conservative)
ADDITIONAL INFO:
💵 You can DCA these Buy Orders
📈 Or just place the conservative position
🔑
BLO = Buy Limit Order
DCA = Dollar-Cost Average
PA = Price Action
PB = Pull Back
SLO = Sell Limit Order
⏳= PENDING
NOTE: Dollar-cost averaging (DCA) is an investment strategy in which a trader splits their position size into smaller position sizes at different price points. This strategy is designed to reduce the risk of buying at the wrong time and to lower the average cost per unit of currency.
AUDUSD Analysis 10-11-23The AUDUSD broke through from the upward trendline and the 50% retracement level due to the strength of the DXY overnight.
The RBA monetary policy statement released earlier today did little in terms of price volatility as it reinforced the view that the RBA hiked rates due to the recent increase in inflation growth.
As the AUDUSD currently trades under the 61.8% fib retracement level (0.6365), and further recovery in strength in the DXY is anticipated, look for the AUDUSD to trade down to the key support area of 0.6290.
However, it could be likely that the AUDUSD could first retrace briefly or consolidate along this level before trading lower.
AUDCAD Rejection on the 1D MA200. Sell.Our last signal on the AUDCAD pair (see chart below) was a dip buy within the width of the multi-month Channel Down:
The Channel Up is adjusted as on Tuesday, the pair got rejected on the 1D MA200 (orange trend-line) forming the new Lower High. As the same time, the 1D RSI got rejected on its 5-month Resistance Zone and today the sell signal is confirmed by the formation of the 1D MACD Bearish Cross. Sell and aim for a -4.14% (previous Lower High rejection decline) drop at 0.854500.
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AudNzd weakness is coming...AN should be making a turn down, already showing signs...Watch for it.
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Thank you!
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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
High Stakes: RBA rate decision vs. Melbourne Cup We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision.
That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place.
But perhaps the more exciting match ups will be occurring in the forex market.
Currently, the market is thinking there is a 70% chance of a 25-basis points hike because of the RBA governor's rhetoric that the bank would "not hesitate to raise the cash rate further" if inflation was higher than expected (which it was in its last quarterly reading). The 30% chance of no hike is possibly driven by concerns about mortgage stress in the country after the post-COVID 12 cash rate increases.
On the flip side of some potential AUD trades, we have expectations for the US Fed and the European Central Bank (ECB) enacting a 25-basis points cut by June next year.
Weaker-than-expected NFP figures in the U.S. last Friday bolstered expectations that the Fed was done with its tightening campaign and pulled the AUD/USD up past 0.64900 from 0.64400. This makes me question whether the upside to the AUD/USD is all played out. Moments after the interest rate announcement will be crucial to see which direction the market wants to take.
If the RBA does enact a hike today, concerns about mortgage stress in Australia might induce the pair to revisit some of the levels the pair traversed last Friday during its climb just before market close.
AUDUSD - Daily Timeframe Analysis (ICT)I'm anticipating price to head towards the Internal Buyside Liquidity in the form of Equal Highs above as a first objective. This bias comes from External Liquidity being raided, with a manipulative move that took it out a second time. A large Daily Sibi was left in its wake, but what was interesting is that price came into, and closed within the Sibi on Thursday, and on Friday's NFP it shot down to take out the previous day's low before coming back into the Sibi with a bullish close. In my eyes this is indicative of price wanting to head towards Buyside Liquidity before a HTF continuation to the downside.
As for narrative, I would anticipate price breaking through the Sibi, finding resistance possibly somewhere within the long-tailed Daily Wick and Trendline Buyside Liquidity above. Consequently, returning back into the Daily Sibi and using it as support before moving higher to the objective.
This analysis is based on Smart Money accumulating more shorts at relevant zones of Buyside Liquidity and Inefficiencies. A POI for a reversal back to the downside will be based on how price moves at either one of the annotations above my first objective.
- R2F
AUDUSD: Thoughts and Analysis pre-RBA Today's focus: AUDUSD
Pattern – Range /Distribution?
Support – .6287
Resistance – .6520
Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart.
Today, we have run over the AUDUSD as price continues to test resistance after Friday's fantastic rally after US employment data sunk the USD.
Technically price looks good. We have run over price action we want to see to show a continuation in the AUDUSD. Two factors are the USD strength and the RBA rate decision. Rates are expected to rise tomorrow, but will this be it, or will the door be left open? The USD momentum change is another key. If this trend continues, we will look for the AUDUSD to contnue its current trend. We do want to see a new higher low to show a solid trend structure.
Good trading.