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Aussie

AUD/USD New bullish phase!After waiting for the AUD/USD price to break down and correct with a Fibonacci level of 50% before riding the trend back up. Now, following the current price Chart, the correction is at the 50% fib level, a buy stop order is already in a position to catch the price up to the next resistance level at 0.7540. Trading Setup - A Buy Stop order at 0.7340 Take profit at 0.7540 Stop loss at 0.7290 Trade with proper money management! Disclaimer, I am not liable for any loss incurred from this signal, and neither would I claim for any profit, trade the setup at your own discretion.
Long
by Adefxc
1
AUD/USD -7/3/2022-• Aussie has got a high positive correlation with gold • Historically, that correlation was close to 80% • The Australian currency rose almost 400 pips against the USD, unlike most of the majors that fell against the greenback in the recent days and weeks. • Technically, the pair broke above the higher highs/descending trend-line that's been in play since Jan 2021. • At the time of writing, bears are testing the mentioned trend-line and trying to close below it, while bulls are defending it and trying to secure a daily close above it. • If the bears win, downtrend will resume • If bulls win, first target is the Oct 2021 high near 0.75500 followed by 2021 highs and round figure 0.80 • Scenario 1: Long with stops below the trend line resistance turned support • Scenario 2: Short if pair is back trading below the line. Conservative traders should wait for a confirmation/ 2 or 3 daily closes below the line while aggressive traders may enter before any confirmation and secure more pips. Good luck
by RamziAbouAbdallah-CMT
It was a PERFECT analysis that finally hit the target Click the link in the Yellow circle to see the previous analysis. It was a perfect analysis; I predicted that after the Australia open international border news came out (chart attached below). Currently, All eyes are waiting for the US unemployment data, and also Powell will testify later on in the US session. Technically, so far, the price is precisely retesting the major down trendline. If the price can breakout and close above the major down trendline, I reckon AUD potentially will keep climbing to 0.737 area. However, if AUD rejects the major down trendline, there's a possibility that it will retrace to the 38.20% Fibonacci retracement. Based on the Moving average 50 and 200, currently, I remain bullish. Please DO NOT enter the trade blindly because this analysis is the follow-up analysis and not a suggestion to buying AUD right now, very BAD price! Catalyst: - US Unemployment - Powell testify - US PMI - NFP
Long
by GoldCartel
3
AUDJPY @ Crispy Potato26/02/22 FORECAST FOR WEEK 1 MARCH 2022 IS = BULL (Based on alignment with Day and Week) COMBINED FORECAST FOR MARCH 2022 = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles) DAYS WEEK 4 OF FEB FORECAST WAS = BEAR = INACCURATE PROBABILITY OF DAYS FOR WEEK 1 MARCH = BULL Days during this week were volatile. These days sit inside a range ongoing since December. Friday's candle offers insight into the direction of the trend. This solid and larger body bull candle has formed at a key point It is a strong candle at the top of this range. Thursday candle supports a bull move by rejecting the bears. Volume on Thursday is significant but it is a knee-jerk reaction from the war event that has commenced. The OBV daily chart is in divergence with the candles. This may play an important role and may result in this Friday bull candle being a fizzle.- Overall there appears to be a higher probability of a BULL week than a BEAR week. WEEK WEEK 4 OF FEB FORECAST WAS = NO CALL MADE = ACCURACY N/A PROBABILITY FOR WEEK 1 MARCH = BULL This week was again bull, it is the 4th bull candle. Volume is increasing, this supports the notion of higher prices ahead. The OBV has also responded but I take note that the recent low does diverge from the candle low respectively. MONTH FORECAST IN JAN FOR FEB = BEAR = INACCURATE FORECAST IN FEB FOR MARCH = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles) This month retaliates to January. A definite struggle of both sides to take control, neither is winning. This price point has not been tested like this previous, instead, any direction change was swiftly counteracted. This is a tug-of-war, which is timely as the Russian war has started. This candle was bull with little to no tails. Volume has increased from January. The OBV gives away little of the chart's intentions.
Long
by eatmycrispypotato
AUDUSD @ Crispy Potato26/02/22 FORECAST FOR WEEK 1 MARCH 2022 IS = 50/50 (based on Day and Week divergence) COMBINED FORECAST FOR MARCH 2022 = BULL (based on Week and Month alignment) DAYS WEEK 4 OF FEB FORECAST WAS = BEAR = INACCURATE PROBABILITY OF DAYS FOR WEEK 1 MARCH = BEAR This chart is trending sideways since Dec 2021. This week on this Wednesday a small shooting star formed, it is near the top of the sideways trend. On Thursday the volume increased significantly, the candle size was respectable for this chart. Thursday candle had a bottom tail, also of decent size. Friday's candle match Thursday indicates Bull can match Bear moves. Given the candles are near the top of the range there is a good probability for it to now head toward the bottom. Note: there is a possibility, due to the war, the AUD market could be a safe haven for investors. Borders are now open, tourism is now operable it looks like a good place to invest. A slight hiccup, there are floods on the southeast, this may counteract investment possibilities WEEK WEEK 4 OF FEB FORECAST WAS = BULL = ACCURATE PROBABILITY FOR WEEK 1 MARCH = BULL 4TH consistent Bull candle, matched with increasing volume. This indicates decent Bull influence that is resilient to Bear influence. This is a strong Bull position, it will be needed to break the $72 mark. The OBV supports this direction. Note the $70 is a tried and tested support level, 4 weeks ago tested this for the third time and bounced. The probability for a Bulls to rally is high. MONTH FORECAST IN JAN FOR FEB = BEAR = INACCURATE FORECAST IN FEB FOR MARCH = BULL This chart hovers at a tested support level of $72. the trend has stalled at this price point now for 3 consecutive months. Indications are the bears have lost influence. The volume of Feb has increased from January, this indicates buying pressure is on the rise. The OBV doesn't give away much but this is okay. Given the slowing momentum of the bear trend and the potential for Australia to be considered a safe place to invest, it is probable March will finish as a Bull candle. One caveat is the floods.
Long
by eatmycrispypotato