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Aussie

Pound vs. Aussie - Short Term Swing Trading Idea - 7 May 2022FX:GBPAUD is at the end of the correction phase and start forming good price action for the next week. Potential is over 250 pips to the zone of 1.7680. What is the supported thesis for the expected future uptrend on GBPAUD: - By Elliot waves price correction formation is symmetrical A-B-C - Symmetrical by a time A-C wave is a big indication that is corrective - MACD goes into negative territory and once dig for dipper correction will start the attack in green territory - Big bounce near 4.25 year low If you have any questions related to this trading idea I will be happy to provide you with answers.
Long
by TradingTie
While Aussie Finishing Correction, Stocks Approaching SupportHello traders and investors, today we want to update SP500 and AUDUSD charts, as we see them finishing a correction and approaching strong and important support zone. As you can see on the left correlation chart between SP500 and AUDUSD pairs, always when Aussie finds the support, we see SP500 stabilization. Well, if we take a look on the right Aussie chart from Elliott Wave perspective, we can clearly see a corrective movement, ideally a complex (W)-(X)-(Y) decline. We are already tracking final wave (Y), but it has to be finished in three legs A-B-C and as you can see, wave C of (Y) is still missing. From technical point of view, ideal support for SP500 here around 4000 level, maybe slightly lower, while Aussie may retest 0.68 support zone before we will see a bullish reversal. So, if we are on the right path, then stocks might find the support soon, as we see Aussie in final stages of a corrective decline, where final leg may also occur as a spike down like back in March 2020 and January 2019. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
Joe Gun2Head Trade - Reserve Bank of Australia surprise!Trade Idea: Selling AUDCHF Reasoning: Reserve Bank of Australia surprises with a larger than expected rate hike Entry Level: 0.6943 Take Profit Level: 0.6823 Stop Loss: 0.6986 Risk/Reward: 2.81:1 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