AUD/USD Hovers Near Crucial Resistance Amid Global Economic Uncertainty Introduction The AUD/USD currency pair is currently trading within a tight range near the critical resistance level of 0.6400 during the London session. This cautious movement mirrors the trajectory of the US Dollar Index (DXY), which is maintaining its position near a five-month high of...
Based on our analysis of the AUDJPY chart, we have identified a bullish setup that we believe will continue to push prices higher in the coming week. Our primary focus is on the hourly supply zone, which is located at the last major high on the chart. We anticipate that the bullish movement will carry us up to this level and possibly even beyond. To identify our...
On Wednesday, the S&P/ASX 200 Index increased by 0.8%, going above 7,060. This rise was due to an increase in technology and banking stocks, following similar trends on Wall Street. Investors are hopeful that the worst is over from the collapse of Silicon Valley Bank and Signature Bank. Additionally, a US inflation report that matched expectations calmed the...
EURAUD - Intraday - We look to Sell at 1.4400 (stop at 1.4465) Previous support located at 1.4300. Previous resistance located at 1.4350. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4400, resulting in improved risk/reward. A move through 1.4300 will confirm the bearish momentum. Our profit targets will...
EURAUD - Intraday - We look to Buy at 1.4575 (stop at 1.4475) Previous support located at 1.4600. Previous resistance located at 1.4700. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.4700 will confirm the bullish momentum. Our profit targets will be 1.4775 and 1.4800 Resistance: ...
EURAUD - Intraday - We look to Sell at 1.4625 (stop at 1.4725) Previous support located at 1.4500. Previous resistance located at 1.4550. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4625, resulting in improved risk/reward. A move through 1.4500 will confirm the bearish momentum. Our profit targets will...
EURAUD - Intraday - We look to Sell at 1.4700 (stop at 1.4800) Previous support located at 1.4550. Previous resistance located at 1.4600. There is no clear indication that the downward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 1.4450 and 1.4400 ...
AUDJPY - Intraday - We look to Sell at 93.00 (stop at 94.00) Previous support located at 92.00. Previous resistance located at 93.00. Trend line resistance is located at 93.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 93.00, resulting in improved risk/reward. A move through 92.00 will confirm the bearish...
EURAUD - Intraday - We look to Sell at 1.5050 (stop at 1.5150) Previous support located at 1.4850. Previous resistance located at 1.5000. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.5000, resulting in improved risk/reward. A move through 1.4850 will confirm the bearish momentum. Our profit targets will...
EURAUD - Intraday - We look to Buy at 1.5100 (stop at 1.4980) Previous support located at 1.5150. Previous resistance located at 1.5250. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.5250 will confirm the bullish momentum. Our profit targets will be 1.5375 and 1.5400 Resistance: 1.5250 /...
Trade Idea: Buying GBPAUD Reasoning: Buying at the lower end of a short term channel Entry Level: 1.7587 Take Profit Level: 1.7857 Stop Loss: 1.7517 Risk/Reward: 3.89:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
AUDUSD D1 Something else for the watchlist this week, big 0.70 handle looking like a nice support zone to consider taking long positions, we haven't traded lower than this 0.70 handle for 1.5 years. Healthy corrections would see us trade back up towards that 0.72700 resistance price.
Description Price is approaching pivot level of 0.72245, which is in line with 23.6% Fibonacci retracement level & horizontal overlap resistance. A reversal from this level may see price take resistance at price 0.70626. This level coincides with 127.2% Fibonacci extension levelhorizontal overlap support. Finally, we can expect price to take support at...
Description Price is approaching pivot level of 0.72256, which is in line with 161.8% Fibonacci extension level, 100% Fibonacci extension level & horizontal overlap support. A reversal from this level may see price take resistance at price 0.72979. This level coincides with horizontal overlap resistance. Finally, we can expect price to take support at...
Hello, I have entered short on the AUD/USD with two trigger entry points. AUS have been struggling majorly with the Delta virus spreading across the country. Now they're stuck in a pandemic with only a very small percentage of the country which has received both jabs. On the other hand the DXY has been recovering well as of late. After last Fridays movement...
Hello, I entered short at the entry point 1.05934. Target the following support, however I will be monitoring the AUD/NZD fundamental news in the mean time. No major news until 28th July with the AUS interest rates. Once price hits 2R I will be moving stop loss to entry.
My View and what I see on the Daily/Weekly chart on aussie See DXY to 78s vid below
this ETF bout 2 moon