AUDUSD H4 | Rising into 50% Fibo resistance?The Aussie (AUDUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.64398
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.65087
Why we like it:
There is a multiple swing-high resistance
Take Profit: 0.63414
Why we like it:
There is a support level that aligns with the 127.2% Fibonacci extension level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Aussie
Breaking the channelPair is trading just over the bottom of the channel. It tried to push up a few times but was pulled back down at every attempt to go higher (wicked off 3 times). It looks like a bearish flag about to break. Just opened a short position, my SL triggers if a 4H candle CLOSES above the flag.
GBPAUD: Curve Analysis (1W)BIG PICTURE TREND IS NEUTRAL
(aggressive risk)
SLO2 @ 2.0233 ⏳
SLO1 @ 1.9850 📉
TP1 @ 1.9115
TP2 @ 1.8495
TP3 @ 1.8040
TP4 @ 1.7335
BLO1 @ 1.7165 ⏳
BLO2 @ 1.6755 ⏳
Based on the 1W chart for GBPAUD, the pair is currently trading in a symmetrical triangle pattern. This pattern is considered to be a neutral pattern, meaning that it could break out to the upside or downside. The price has been consolidating between the upper and lower trendlines of the triangle for the past few weeks, and it is now approaching the apex of the triangle.
The next few days will be critical for the GBPAUD pair. If the price breaks out of the triangle to the upside, it could target the 2.7000 resistance level. However, if the price breaks out of the triangle to the downside, it could target the 1.6755 support level.
The GBP is currently trading near its 200-week moving average, which is a bullish signal.
The AUD is currently trading near its 200-day moving average, which is a bearish signal.
The RSI indicator is neutral, suggesting that the market is neither overbought nor oversold.
The MACD indicator is in a bullish crossover, suggesting that the momentum is turning positive.
Overall, the technical analysis for GBPAUD is mixed. The symmetrical triangle pattern is a neutral pattern, and the other technical indicators are giving mixed signals.
However, the GBP is trading near its 200-week moving average, which is a bullish signal. Therefore, I would lean towards a bullish bias for the GBPAUD pair in the short term — particularly watching a buy signal around 1.9385
AUDUSD H4 | Rising into 50% Fibo resistance?AUDUSD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.64383 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.64862 which is a resistance level that aligns with the 78.6% Fibonacci retracement level and sits above the high on 4th September.
Take profit is between 0.63600 and 0.63413 which is a support level that aligns with the 127.2% Fibonacci extension level and the recent swing-low.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 74% 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.
FXCM Australia 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
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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 H4 | Approaching 23.6% Fibo resistanceAUDUSD could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.64039
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.64410
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Take Profit: 0.63414
Why we like it:
There is a support level that aligns with the 127.2% Fibonacci extension level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
AUDUSD H4 | Bounce off pullback support?AUDUSD is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.64019
Why we like it:
There is a pullback support
Stop Loss: 0.63419
Why we like it:
There is a support level that aligns with the 127.2% Fibonacci extension level
Take Profit: 0.65080
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
EUR/AUD swing trade longEUR/AUD remains within an established uptrend on the daily chart, and a 3-wave countertrend move has formed.
It is trying to build a base above the 50-day EMA and July high, which paints a near-term bullish bias whilst prices remain above 1.66.
We're not yet sure whether we're at or near the end of a 3-wave correction, or if this is simply the first leg lower of a deeper retracement. For now, we'll target 1.85 and use a break above 1.69 as confirmation that momentum has realigned with the daily bullish trend.
AUSTRALIAN DOLLAR vs US DOLLAR : We Maintain the same outlook.Aussie continues performing as anticipated.
We Maintain The Same Outlook.
Double Top formation.
Aussie Must Stay Below "Kolero" To Maintain a healthy Momentum to Resume Its Downward Move Toward The Target. A Clear Close Above "Kolero" Will Abort The Above Scenario And Open Window For An Extended Upward Move.
If AUD/USD is going to bounce, it has to be nowConditions for a weaker US dollar have been ripe, with calls for the RBA’s rate to have peaked at 4.1%, deteriorating data from China and ‘higher for longer’ calls for the Fed. And with that, we have seen some outlandish calls for the Aussie to fall to 50 and even 40c.
Perhaps those calls will turn out to be right. But the Aussie did not earn its name “the battler” for nothing, and we’ve not seen it dip below 50c in over twenty years. Furthermore, there are some indications that the downside could be limited and it could be due a bounce.
Last week’s nine-week low briefly traded beneath trend support, projected from the March 2020 low. Given it marked the pandemic low ahead of a bullish ‘liquidity injection’ fuelled rally, it is significant to say the least. But we also saw the RSI (2) reach overbought last week to warn of a near-term inflection point, and it fell for five consecutive weeks into those lows – a bearish sequence rarely beaten.
Of course, we have the Jackson Hole symposium with Jerome Powell’s speech being the usual highlight. If it is to peddle the ‘higher for longer narrative’, perhaps the US dollar can regain its footing and send AUD/USD back towards 64c. But even then, it ‘the battler’ may not simply roll over and die. But what if Powell is to deliver a less-hawkish-than-expected speech, following the weaker PMIs? Then we’ve expect some more Aussie bears to get squeezed, and help AUD/USD rebound further from that key trendline.
AUDUSD H4 | Falling to pullback support?AUDUSD could fall towards the buy zone between 0.6387 and 0.6400 and potentially bounce higher. The level at 0.63868 is identified as a pullback support.
Stop loss is at 0.63550 which is a level just below the recent swing-low support.
Take profit is identified at 0.64414 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement 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.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 74% 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.
FXCM Australia 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
FXCM Markets 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 (‘Name of third party provider). 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 Name of third party provider.
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.
AUDNZD H4 | Bearish reversal off multi-swing-high?AUDNZD could rise towards the sell entry at 1.08677 which is a multiple swing-high resistance and could potentially reverse from this level to drop lower.
Stop loss is at 1.09263 which is an overlap resistance level that aligns above the 127.2% Fibonacci extension level.
Take profit is between 1.07950 and 1.07885 which is a pullback support 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.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 74% 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.
FXCM Australia 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
FXCM Markets 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 (‘Name of third party provider). 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 Name of third party provider.
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 H4 | Rising into resistance?AUDUSD is rising towards the sell entry at 0.64582 which is an overlap resistance and could potentially reverse from this level to drop lower.
Stop loss is at 0.65082 which is an overlap resistance level that sits above the 50.0% Fibonacci retracement level.
Take profit is between 0.63860 and 0.63643 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.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 74% 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.
FXCM Australia 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
FXCM Markets 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 (‘Name of third party provider). 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 Name of third party provider.
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.
AUDUSDRegarding our observations, currently there are significantly more buyers in the market.
Breaking RSI-based trend line after overbought and oversold levels worked well for this instrument recently.
We are in oversold again after a mighty break We might see some correction in Aussie move in this week or may be in next weeks.
You can both enter after breaking 0.6450 or wait for reaching to around 0.6375.
Next weeks we might join sellers again around the 0.6560!
Remember that Aussie down trend might be due to bad economical data release of China as the main importer of Australia and also China's ambitions regarding Taiwan may end up in an economic conflict between the free world and China.
AUDUSD H4 | Potential bearish reversal?AUDUSD is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.64275
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.64651
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Take Profit: 0.63643
Why we like it:
There is a swing-low support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
AUDUSD (The Swingback is in the making)
View On AUDUSD (17 Aug 2023)
AUDUSD is in
* Downtrend in short term (Intraweek)
* Downtrend in Mid term (Intramonth)
* Downtrend in Long term (Last 3 months)
AUDUSD is in the strong down trend lately but I feel that the sell down was way overdone.
So, I am expecting some sort of rebound at least toward the nearest resistant.
0.6455 shall on sight and we still need to be careful as the overall trend is down.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
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