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Aussie

Next downside leg visualised on AUD/USD...After some recent success on this pair its time to have a look at the next forecast. 0.7100 seems to be an ideal region for the pair to pull back up to before taking another plummet lower. The long term monthly downside target still remains at 0.6700 but we can see more manipulation coming around these daily moving averages. Lets see if we can get a further pullback before going short. Still lots more of volatile US action in terms of fundamentals coming this week so make sure to trade safe.
Short
by FTUKcom
AUDCHF 'Long' Trade IdeaA 'buy' trade opportunity presented itself on the AUDCHF trading chart, following the bullish pin bar at the end of a bearish run. The pin bar closed above the 0.68214 daily horizontal support level, signalling a rejection of the same level and providing a buying opportunity. An RR of 7.38 is possible if you enter the trade at the 0.68452 price level, with your stop at 0.68162 (about 29.0 pips) and target at 0.70592 (about 214.0 pips). Please check with your setup before placing any trade. Happy trading!
Long
by charles-okoukoni
4
AUDNZD: A Buy Setup Targeting the Previous HighLast week, AUDNZD has reached a new high at the 1.1100 level. The trend of AUDNZD is persistent; when the price has reached a new high, that means the trend will not easily reverse for a period of time. Therefore, we are looking for buy entries to capture any retracement from the previous high. The price has retraced to 1.0980 level,which is the previous resistance level from where the price broke up. From the 1.0980 level, we can see that the price has formed a double bottom pattern, followed by the price breaking the neckline area. Then, we can see that the price further broke the descending trend line. Therefore, a strong bullish momentum has taken place at this level. We are waiting for the price to retrace to the neckline area. From there, we will enter buy positions and target the recent high of 1.1100 level
Long
by NicoBeau_Capital