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AUSUSD (Y20.P4.E1).Short term TA.Hi All, Looking at the Aussie dollar against the USD, we can see on the daily that we have downward pressure along with the bearish divergence playing out. I have 2 levels as a point of interest. The 0.5 fib retracement and 0.618 fib as one can see that this has confluence with the wedge breakout target, and along with the daily EMA levels. USD (DXY) is currently going sideways and potentially breaking the near resistance as the chart below. This is no surprise as the stock markets and asia markets \ Aussie stock market dropped a few % yesterday. Lets see how things are in the coming days and weeks turn out. Cheers, S.SAri. MACRO structure USD index
Long
by ssari
10
EURAUD - Potential double top forming EURAUD is Bearish - We look to Sell at 1.6673 ▪️ Short term bias is mildly bearish. ▪️ Bespoke resistance is located at 1.6673. ▪️ We have a 78.6% Fibonacci pullback level of 1.6700 from 1.6763 to 1.6469. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6673, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 1.6724 Target1: 1.6455 Target2: 1.6400
Short
by Signal_Centre
AUSUSD(Y20.P1.E2).Some reliefHi All, The Australian dollar has reached its previous all time low in recent years against the USD. On the 8 hrly, there is a bullish divergence (being a double bottom) being formed which will likely give a nice bounce to about the 0.66 mark. The candle sticks also look positive at this level. I haven't looked at any other currencies but my guess would be that most have dropped as well. Please give me a tick or a like as an appreciation of this post. Regards, S.Sari. Previous Post
by ssari
AUSUSD (Y20.P1.E1).More losses to proceedHi All, Observations: =========================================================== > Downward channel > Downward trend not broken, higher lows and lower lows. > 200 and 50 EMA still above price > RSI bearish, MACD bearish on the weekly. RSI has room for more lows. Thoughts: =========================================================== Another 5% loss against the USD is forecasted to hit previous bottom. Other references: Australian-Dollar-Forecast-Key-AUDUSD-Levels-to-Watch-as-Breakdown-Unfolds Regards, S.Sari (for my reference, W.List chart)
by ssari
ASX200 ForecastASX200 is currently correcting to its local support off the back of an overextended bullish move and collapsing stochastics. The most probable event is we see price retest local support, before a pause for consolidation and then a break lower towards major support. We expect major support to hold for long entry, provided the world macro environment stays stable, although we are cautious of slowing international growth. The less likely event is we see equities bounce off local support and test for new highs. We see it as less likely given a slowing macroeconomic environment.
OANDA:AU200AUDShort
by Elemont