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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
Double Bottom in AUDUSD, Expected Rally Towards 0.78Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDUSD formed a double bottom or W pattern around the 0.71 and 0.718 support areas. The resistance for this pattern is observed around the 0.7475 price level where AUDUSD recently broke above and held. Expectations are for the rally to continue, which will take AUDUSD towards 0.78. This view will be negated if AUDUSD declines below 0.7475. On the Daily Chart AUDUSD is trending higher with initial levels of resistance seen around the 0.765 price level. Once the FX Cross breaks above initial resistance, it can test the 0.78 price level. A negation of this longer termed view will occur if AUDUSD declines below 0.736. Technical Indicators AUDUSD is trading above its long term MA. The Awesome Oscillator is above 0 and green. The Supertrend Indicator is also in a bullish mode with support around the 0.746 price level. These tell a bullish story for AUDUSD. Recommendation The recommendation will be to go long at market, with a stop loss at 0.745 and a target of 0.78. This produces a risk/reward ratio of 4.35. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing, I have a position in AUDUSD.
Long
by Ceddy86
AUDUSD - Bearish Sentiments - Struggle to go UPHere is a new SELL Scenario, i expect a bearish reversal, it can fall immediately from the current position or fall around the pivot 0.7146 - 0.71700 But it is quite certain if nothing change around the fear in europe, dollar will be the safe heaven ! This pair will fall in the severals month JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Short
by jamdejam