Aussie
AUDCAD: Aussie bombing, Oil prices risingAussie is performing really badly and though CAD suffered on Friday due to the unemployment data, I think it will show strength due to the rising price of oil (which looks set to continue).
We're in a bearish downtrend that I can't see stopping soon, so looking for shorts around 0.882 - 0.885.
AUDUSD: Important Breakout & Bearish Continuation 🇦🇺🇺🇸
AUDUSD broke and closed below a key horizontal support last week.
The broken structure turned into a resistance.
The market is retesting that at the moment.
I expect a bearish continuation to 0.65
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🔥🔥🔥 AUDUSD...UT (30m) 🔥🔥🔥BSO @ 0.6568 ⏳
BLO1 @ 0.6550 ⏳
BLO2 @ 0.6526 ⏳
Choose your TP based on your favorite trading strategy or time frame:
🦘 AUDUSD (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 5 pips
15 minutes 3 pips
5 minutes 2 pips
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Ranging with an Uptrend Bias
— CounterTrend: NO (moderate risk trade)
Aussie Can Be Finishing A Flat Correction Within UptrendOn Aussie we see very strong and impulsive first leg from 0.6459 level, which can be the first higher-degree wave (1), so more upside can be seen after current pullback in wave (2) that can be now coming to an end as an A-B-C flat correction. As long as the price is above 0.6459 level, we will remain bullish. Looking at the 4-hour chart, we are tracking a five-wave cycle, ideally wedge pattern within wave C of (2) that can retest June lows support area before bulls show up again.
AUD/JPY set to break to new highs?Last week we saw AUD/JPY roll over nicely from a key resistance zone, yet its fast turnaround from the 200-day EMA now has a potential bullish breakout on our radar.
A bullish pinbar formed on Friday after prices fell through our bearish target before closing above the 100-day EMA, then breaking above the 50 and 20-day EMAs on Monday. Prices are holding around trend resistance ahead of today's RBA meeting, where economists favour a 25bp hike yet money markets have priced in a pause.
A hawkish meeting could send prices above 96, whilst a pause could see an initial pullback. IN which case, we'd like to see evidence of a swing low above or around Friday's high or the 20-day EMA, in anticipation of an eventual break above 96.
AUDUSD Selling opportunity Good day, traders. The Australian dollar, which is now in a correction phase, may shortly hit the support and resistance level of 0.680. Right now, the trend is downward. We'll be monitoring AUDUSD during the current trading week and the one after it in case a selling opportunity arises at the 0.680 area.
Potential swing trade long on AUD/USD 1-hour chartAUD/USD pulled back for a second day on Monday thanks to weak data from China and rising geopolitical tensions as Russia have backed to of a key gain deal. Support was found around the weekly pivot point, RBA ‘pause’ high and 38.2% Fibonacci retracement level, and the subsequent rally suggests a swing low is in place.
The RBA minutes are due in ~2 hours, and we’d welcome any pullback towards 68c which could help improve the potential reward to risk ratio for longs. Of course, if the minutes are as dovish as hoped then AUD runs the risk of breaking beneath yesterday’s low and invalidating the near-term bullish bias.
But we suspect the minutes may be a little more hawkish than liked, which leaves the potential for it to pop higher. We have a target near the upper 1-day implied volatility band around 0.6850.
✨ NEW: AUDUSD ✨ SCALPING(an aggressive scalping opportunity)
TP @ 0.6838 (at the previous Daily Open price)
BSO2 @ 0.6829, moderate ⏳
BSO1 @ 0.6822, aggressive ⏳
-SL @ 0.6805, aggressive 🚫
-SL @ 0.6788, moderate 🚫
Being that we have AUD News @ 18:30 PT / 21:30 ET, here's a potential setup for +9 to +25 pips of profit from scalping price action.
⚠️ Attached to this post is the BIG PICTURE Curve Analysis for this pair. It too reflects a UT.
AUDCHF: Important Breakout & Bearish Continuation 🇦🇺🇨🇭
AUDCHF broke and closed below a major horizontal demand zone on a daily.
The broken structure turned into a resistance.
The market will most likely keep falling.
Next support - 0.575
For entries, consider an occasional retest of a broken structure.
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AUDUSD H4 | Bullish reversal off pullback supportAUDUSD is approaching a key pullback support that aligns above the 38.2% Fibonacci retracement level. Price could hit the buy entry at 0.68045 and potentially reverse to bounce higher.
Take profit is at 0.68927 which is an overlap resistance.
Stop loss is at 0.67204 which is a pullback support that aligns above the 61.8% Fibonacci retracement level.
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AUDUSD H4 | Bullish bounce off support?AUDUSD is approaching a key pullback support that aligns above the 38.2% Fibonacci retracement level. Price could hit the buy entry at 0.68045 and potentially reverse to bounce higher.
Take profit is at 0.68927 which is an overlap resistance.
Stop loss is at 0.67204 which is a pullback support that aligns above the 61.8% Fibonacci retracement level.
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.
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. 71% 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 EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
AUDCHF: Multiple Time Frame Analysis & Bearish Outlook 🇦🇺🇨🇭
AUDCHF has recently broken and closed below a major rising trend line.
We see its retest today.
The price formed a descending triangle formation on that.
The neckline of the pattern was broken.
It is an important indication of the strength of the sellers.
I expect a bearish continuation now.
Goal - 0.5872
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AUDUSD H4 | Rising into resistance?AUDUSD is rising towards a key resistance. Price could hit the sell entry at 0.68858, which is a swing-high resistance, and potentially reverse from this level to drop lower. Take profit is at 0.67964 which is a pullback support. Stop loss is at 0.69360 which is a pullback resistance that aligns close to the 78.6% Fibonacci projection level.
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.
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. 71% 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 EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
AUDUSD H4 | Heading into resistance?AUDUSD is rising towards a key overlap resistance. Price could hit the sell entry at 0.68816, which is a swing-high resistance, and potentially reverse from this level to drop lower. Take profit is at 0.67939 which is a pullback support. Stop loss is at 0.69360 which is a pullback resistance that aligns close to the 78.6% Fibonacci projection level.
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.
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. 71% 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 EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
AUDUS H4 | Approaching resistance?AUDUSD is rising towards a key resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 0.68830
Why we like it:
There is a swing-high resistance
Stop Loss: 0.69936
Why we like it:
There is an overlap resistance that aligns with the 127.2% Fibonacci extension level
Take Profit: 0.67931
Why we like it:
There is an overlap 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.