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Aussie

AUDCHF: Your Trading Plan For Today 🇦🇺🇨🇭 AUDCHF is approaching a key horizontal resistance. The price formed a double top on that on 4H. 0.6026 - 0.603 is its neckline. To short with a confirmation, wait for a bearish breakout of a neckline. 4H candle close below will confirm a violation. Short aggressively or on a retest then. Goals will be 0.601 / 0.5995 If the price sets a new high, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
AUDUSD Shows Resumption Of A Bearish TrendUS CPI came out better than expected last week at 5.0%, so we have seen some USD weakness at the start of the week, but then some of the losses got erased on Friday, after FED officials said that there is room for another interest rate hike. Metals also came down, and put some bearish pressure on Aussie as well. The pair has a sharp drop from 0.6805 which suggests that the pair will see more weakness ahead as A-B- C correction can be finished.
by ew-forecast
Joe Gun2Head Trade - Major resistance EURAUDTrade Idea: Selling EURAUD Reasoning: Major resistance on the daily. Entry Level: 1.63764 Take Profit Level: 1.6226 Stop Loss: 1.6447 Risk/Reward: 2.28/1 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 technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
AUD/CHF could be headed for the April 2020 lowAUD/CHF is within an established downtrend on the daily chart, and the current dynamics present a divergent theme which could send it lower from here. Yesterday closed with a bearish engulfing candle at its lowest level since April 2020. The moving average remain 'within order' and fanning out, and the 10-day EMA is now capping as resistance as prices try to accelerate away from the averages. The monthly S1 pivot sits around 0.5975 and the RSI is oversold, so we may see a period of consolidation or minor rebound from S1. But the bias remains bearish below 0.6100 and for an eventual move towards the April 2020 low.
Short
by CityIndex
Joe Gun2Head Trade - AUDJPY correcting?Trade Idea: Selling AUDJPY Reasoning: Start of a C leg lower? Entry Level: 88.91 Take Profit Level : 87.60 Stop Loss : 89.35 Risk/Reward: 3:1 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 technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Aussie Is Looking For Lower SupportAUD found some sellers this week and most likely after lower CPI figures reported from Australia which means that RBA is most likely going to be on hold. It's coming down from 0.68 after RBA did not change their rate decision. The recent recovery on Aussie from 2023 low looks corrective, thus it can belong to a bearish trend, especially if we also see a break beneath 0.6654 level. That said, we see this as wave 4 within wave (A) so more weakness can be coming soon.
by ew-forecast
Joe Gun2Head Trade - Intraday reversal on AUDJPYTrade Idea: Selling AUDJPY Reasoning: Intraday reverseal, break of a short term channel. Entry Level: 88.906 Take Profit Level: 87.44 Stop Loss: 89.42 Risk/Reward: 2.8:1 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 technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
AUD could retest the March lows if the Fed are not that dovishAUD/USD is hinting at a potential swing high on the daily chart. And if my hunch that the Fed won’t be as dovish as market pricing currently suggest, it leaves room for USD strength and a lower Aussie. AUD/USD seems to have completed a 3-wave retracement which perfectly respected a 38.2% Fibonacci ratio. Our bias remains bearish beneath the cycle highs, and we anticipate a move back to the March lows should the Fed stick to their hawkish guns, given the RBA delivered a dovish hike and dovish minutes this month.
Short
by CityIndex
4
AUDJPY - a key barometer of risk - is holding above key supportDespite the turbulence across global assets these past two weeks, AUD/JPY is opting to hold above key support and resistance levels including the 2022 low and 2021 high. Investors remain on edge as they cannot be sure that the worst is behind us, and there is a risk that another bank will 'break' under the pressure of higher rates, bad management and / or face another bank run. But what if none of this materialises? Or the Fed is not as dovish as market pricing currently implies. Perhaps the real risk is that it's not that risky, and that could leave room for an upside surprise. Even if AUD/JPY does break below 87.00, we'd prefer to see a break beneath the 2021 high of 86.26 before calling a major top on the weekly charts. The fly in the ointment is the FOMC meeting, because if they're not as dovish as hoped it could pressure risk assets such as indices and AUD/JPY. Yet a dovish meeting could support sentiment and send it higher. Either way, it is worth watching AUD/JPY around current levels as it could help signal the next likely directional move for risk assets in general.
by CityIndex