AUDUSD breakdown at daily resistance, will probably sell off at previous support after an head and shoulder formation, target at previous support
in our last analysis We were expecting a big rally for GBP/AUD. Since then the price moved in our favor and made over +750 pip for us. Despite weaker CPI data for AUD, we are now looking for a correction in the 1.98 zone. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team...
In the daily time frame, the price has hit the bottom of the descending channel at the same time as the harmonic shark pattern is completed. In addition, we also see the formation of a AB=CD pattern in the area of the bottom of the channel. It is expected that the price will experience growth from this range or after another downward wave to the range of 1.6270
once again price has rejected the the upper trend which was acting resistance from the higher time frame triangle pattern then we seen price could not make any further higher high and breakdown the higher low indicating the bearish pressure we are trying to short AUD/USD based on the breaker block = 0.66458, with SL = 0.66630 (17pips) and Target = 0.65958 (50 pip)
Early this morning, Australia's job advertising data and inflation data dropped, signaling a change in the economy as tightening policies take effect. Currently the currency market is pricing in a 60% chance that the RBA will raise interest rates tomorrow. However, concerns about economic recession are also an issue banks need to consider at tomorrow's meeting....
Hello trader! A good setup has formed for a downward move and liquidity grab. I'm placing a stop loss behind the order block and entering from the order block for the downward move. 🚀Please support my efforts with the "Boost" button. ❤️And a comment is the best thing you can do for me now!
Analysis: Bullish Confluences In an upwards trend Break & retest of a previous area of resistance for support 38.2% fib retracement level present Upwards trendline present GBP is the second strongest major currency where as the AUD is the 7th strongest major currency 25K short positions decrease for the GBP 2K short position increase for the AUD ...
Analysis: Bullish Confluence Factors Upwards trend Break and retest of a previous area of resistance for support 38.2% fib retracement level In an upwards channel Longer term upwards trendline present EUR is the strongest major currency whereas the AUD is the 7th strongest major currency 2K short position increase for the AUD Neutral Confluence...
Analysis: Bearish Confluence Factors In a downwards trend Break and retest of a previous area of support for resistance Downwards trendline touch Increase of 2K short positions for the AUD Decrease of 12K short positions for the JPY Bullish Confluence Factors AUD is the 7th strongest major currency where as the JPY is the 8th strongest major...
Analysis: *THIS SETUP WAS SHARED IN OUR VIP GROUP YESTERDAY* Strong upwards trend (bullish confluence factor) Retest of a key level (bullish confluence factor) 50% fib retracement level touch (bullish confluence factor) Upwards trendline touch (bullish confluence factor) GBP 2nd strongest major currency (bullish confluence factor) AUD 3rd weakest major...
Analysis: Looking at price action we can see that price is in a downwards trend. We're seeing lower lows and lower highs being formed which confirms that we're in a downwards trend, so we're only looking for shorting opportunities. Price has made a deep pullback to the current lower high and we did put in a new lower low so this is looking like a great place to...
Analysis: Price has been in this downwards trend for a while now and we're expecting this to continue. Price has been forming a series of lower highs and lower lows which confirms our thesis that price is trending to the downside. Recently we saw price break below a key level of support and we're now seeing that same level get retested for resistance and we...
Hey traders, in today's trading session i'm are monitoring AUDUSD for a selling opportunity around 0.67716 zone, once I will receive any bearish confirmation the trade will be executed.
AUD is going to drop to 62/64c for a number of reasons -RBA is going to halt rises -AUD economy is not good -25% of Australians are now negative on their home loans -Retail sales are dropping and spending is decreasing -Banks are not stable AUD might head up 1c before dropping 3-4c or it might drop a few cents in the next month
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market...
REST WAY Reason Down Trend Break of Up Trend & LL,LH Rejecting Strong Resistance Entry Given on Chart Stop ATR = 20x2 = 40pips Target Support = 1.07575 Demand Zone on 1D = 1.04950 NOTE: Be aware of News today Manage Your Risk accordingly Take Trade on CONFIRMATIONS DYOR
AUDCAD is moving bullish reaching out a 4HR resistance zone where i have set a Sell limit Sell Limit at 0.92288 SL at 0.92520 (23 PIPS) TP at 0.91332 (86 PIPS)
What is your thoughts ? looking at a possible long with all the high impact news for EUR tomorrow.