End of the week market analysis25th October
DXY: Consolidating along 104 round number (50% fib retracement) could trade down to 103.85 price level
NZDUSD: Sell 0.5970 SL 20 TP 55
AUDUSD: Sell 0.6610 SL 20 TP 40
GBPUSD: Sell 1.30 SL 25 TP 90
EURUSD: Looking for reaction around 1.0840
USDJPY: Buy 152.20 SL 40 TP 100
USDCHF: Do Nothing
USDCAD: Looking for bounce, retail sales data pending Buy 1.3825 SL 15 TP 40
Gold: Likely to fluctuate between 2700 and 2740 while directional bias develops
AUDUSD
Aussie H1 | Rising toward a swing-high resistanceThe Aussie (AUD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6656 which is a swing-high resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6680 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.6621 which is a multi-swing-low support.
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AUDUSD Will Go Up! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.665.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.672 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Potential bullish rise?AUD/USD is reacting off the resistance level which an overlap resistance that lines up with the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.6645
Why we like it:
There is an overlap resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.6590
Why we like it:
There is a pullback support level.
Take profit: 0.6686
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
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AUDUSD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6652, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6620, a swing-low support level.
The stop loss will be at 0.6670, a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDUSD What Next? BUY!
My dear friends,
My technical analysis for AUDUSD is below:
The market is trading on 0.6636 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6707
Recommended Stop Loss - 0.6598
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
BoC Rates Decision Pending22nd October
DXY: Currently at 104.30, expecting further upside, needs to break 104.45 to trade up to 104.80.
NZDUSD: Sell 0.6015 SL 20 TP 40
AUDUSD: Sell 0.6635 SL 20 TP 65
GBPUSD: Sell 1.2950 SL 40 TP 130 (Hesitation at 1.2880)
EURUSD: Sell 1.0760 SL 30 TP 80
USDJPY: Buy 152.70 SL 30 TP 130 (hesitation at 61.8% 153.30)
USDCHF: Buy 0.8710 SL 15 TP 40
USDCAD: Buy 1.3860 SL 20 TP 60 or (counter trend) Sell 1.3920 or 1.3820 (need to hear hawkish BoC)
Gold: Buy on retracement, or scalp up to 2760 and 2768
AUD/USD Technical Analysis: (READ DESCRIPTION)AUD/USD Technical Analysis: Bullish Momentum Expected Above 0.6660
Pivot Point: 0.6660
The pivot at 0.6660 acts as a key support level, determining the near-term direction of the AUD/USD pair. As long as the price holds above this level, a bullish move is anticipated.
Our Preference: Long Positions
Recommended Trade:
Long positions are preferred as long as the price remains above the 0.6660 pivot point. This suggests a potential rise toward higher resistance levels.
Target Levels for Upside Movement:
First Target: 0.6700
This represents an intermediate resistance where traders may look to take profits or assess continuation.
Second Target: 0.6720
If the first resistance is surpassed, further gains toward 0.6720 are likely, indicating stronger bullish momentum.
Alternative Scenario: Downside Risks
If the price drops below 0.6660:
Bearish Outlook:
First Target: 0.6650
Second Target: 0.6635
These levels serve as potential support areas in a bearish scenario.
Technical Insights:
RSI Indicator:
The RSI lacks downward momentum, signaling potential for further upside. This supports the bullish outlook and suggests that selling pressure may be limited.
Moving Averages:
AUD/USD trading above its short-term moving averages would further confirm the bullish trend if sustained.
Levels discussed on 22nd October Livestream22nd October
DXY: retracing, testing 103.80 support level, needs to stay above 103.60, to continue uptrend to 104.20.
NZDUSD: Sell 0.6015 SL 20 TP 40
AUDUSD: Stays below 0.67, Sell 0.6680 SL 20 TP 60
GBPUSD: Retracing, Look to test and reject trendline, Sell 1.3025 SL 20 TP 50
EURUSD: Look for reaction at 1.0780 support level or 1.0870 resistance level
USDJPY: Buy 151.15 SL 40 TP 65
USDCHF: Sell 0.8630 SL 10 TP 20
USDCAD: Buy 1.3860 SL 20 TP 60
Gold: Look for retracement possibly to 2715, buy on dip, for 2750 target
SasanSeifi|Will 0.66800 - 0.66500 Support the Price Movement?Hey there, ✌ In the 4-hour timeframe, a downward trend is evident from the level of 0.69400. Currently, due to the breakdown of the significant support level at 0.68, the price has corrected to the liquidity zone of 0.67. If the momentum weakens in this price range and the level of 0.67 is maintained, we may witness a ranging trend with minor positive fluctuations. To better understand the continuation of the trend, attention should be given to the price's reaction at levels 0.67500, 0.67800, and 0.68.
Overall, our outlook leans more towards a decline and correction towards the target of 0.66800 and the demand zone at 0.66500. It is expected that the price will be able to correct to the desired support levels. Subsequently, if the price maintains the ranges between 0.66800 and 0.66500 and confirms it, we will enter a ranging phase with positive fluctuations. The potential trends are also illustrated in the image above.
⭕The important support levels are 0.66500–0.66.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
Audusd might go up from here Hello everyone, there’s a strong possibility that the AUD/USD could move higher from its current level.
As always, it's essential to apply proper money management and never trade without setting an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be evaluated over a series of trades, not just one.
Thanks!
Levels discussed on Livestream 21 October21st October
DXY: needs to stay above 103.40 to continue uptrend to 103.90, beyond that 104.20
NZDUSD: Sell 0.6040 SL 30 TP 60
AUDUSD: Sell 0.6635 SL 20 TP 60
GBPUSD: Sell 1.2950 SL 30 TP 130
EURUSD: Look for reaction at 1.08-1.0780 support level
USDJPY: Buy 150.50 SL 30 TP 120 (Hesitation at 150.90-151)
USDCHF: Buy 0.8680 SL 35 TP 70
USDCAD: Could climb higher, looking for reaction around 1.39
Gold: Look for retracement to complete, then continue uptrend to 2750 (needs to stay above 2700)
Market Analysis: AUD/USD Could Recover In Short-TermMarket Analysis: AUD/USD Could Recover In Short-Term
AUD/USD is attempting a recovery wave from 0.6660.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support near 0.6660 and is now recovering against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6690 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair dipped from the 0.6760 resistance zone. The Aussie Dollar declined below 0.6700, but the bulls were active near 0.6660 against the US Dollar.
A low was formed near 0.6658 and the pair is now correcting losses. There was a move above the 50% Fib retracement level of the downward move from the 0.6759 swing high to the 0.6658 low. There was also a break above a key bearish trend line with resistance at 0.6690.
The pair is now above 0.6700 and the 50-hour simple moving average. On the upside, immediate resistance is near the 61.8% Fib retracement level of the downward move from the 0.6759 swing high to the 0.6658 low at 0.6720.
The first major resistance is near a rising channel at 0.6735. A clear upside break above 0.6735 could send the pair toward 0.6760. The next major resistance on the AUD/USD chart is near 0.6780, above which the price could rise toward 0.6800. Any more gains might send the pair toward 0.6820.
On the downside, initial support is near 0.6705 or the 50-hour simple moving average. The next support could be the 0.6680 zone. Any more losses might send the pair toward the 0.6660 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Aussie H1 | Pullback resistance at 38.2% Fibonacci retracementThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6697 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. two 38.2% Fibonacci retracement levels.
Stop loss is at 0.6735 which is a level that sits above the 61.8% Fibonacci retracement level and a multi-swing-high resistance.
Take profit is at 0.6657 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Overlap resistance ahead?The Aussie (AUD/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level.
Pivot: 0.6744
1st Support: 0.6674
1st Resistance: 0.6792
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Aussie H4 | Ongoing bearish momentumThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6727 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6785 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.6647 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDUSD, getting ready for flight to 0.70.AUDUSD is registering huge net buy volume on the weekly data suggesting a shifting trend to the upside long term.
Higher lows on weekly histogram and pricing has been created cementing the current range as the new base for the series of price growth. It is now sitting at 61.8 FIB LEVELS -- an area where buyers converge.
Expect more upside valuation for the pair in the near term.
Spotted at 0.6650
TAYOR
Safeguard capital always.