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Aussiedollar

GBPAUD Ready to Accelerate - New Highs Coming!NOTE: This is just analysis/advice, DO NOT FOLLOW this trade blindly - I take no responsibility for it... Scenario 1: Looking at GBPAUD on the 1H timeframe, we can see that it is currently approaching the oversold region in terms of RSI, circa 30.0. This could be the first hint to a reversal. Right now I think this pair is in a descending broadening wedge structure, where I think it has hit the support line of the wedge, which could mean acceleration of this pair to the upside, once it does hit the support line exactly. Ideally I think this pair should then accelerate upwards. Short term targets: TP1: 1.81750 TP2: 1.82130 Long Term Target (within next week): TP1: 1.83500 (circa) The long term target has been taken by duplicating the distance from the highest point of the descending broadening wedge and then to the lowest point(E). This distance was duplicated on the resistance line where price should look to ideally head next. Scenario 2: If the descending broadening wedge structure is broken, we could see a pullback to 1.80650 however I see this as unlikely as this pair has recently been extremely bearish & RSI does not look to indicate this. If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I nee`d reputation points!!
Long
by ShaunLeo35
#AUDUSD - Intermediate (C) - February Wave Counts - Part 9AUDUSD labeled in a bullish correction of a larger degree pattern, with Intermediate (A) (green) unfolding as a Leading Diagonal, and Intermediate (B) (green) unfolding as an Expanding Flat structure. Intermediate (C) (green) would be rising in a rally, with an aggressive and impulsive buying stance expected for the Aussie Dollar. If you like my work, please support me with a like. More details in my signature. Many pips ahead!
Long
by Lionheart-EWA
AUS/USD ANALISISSOPORTE EN 0,70761 PARECE FUERTE , EL PRECIO LO CRUZO EN CAIDA PARA VOLVER A SOBREPASRLO AHORA LO UTILIZARA PARA CREAR ALGUNA ONDA DE CONSOLIDACION ENTRE 0.71440 Y 0,70761 , O DISPARARSE HACIA 0,71935 , ESTO SI AUD NO SE VE LASTRADO POR LOS MALOS REGISTROS , ADEMAS HAY QUE TENER EN CUENTA QUE LA GUERRA COMERCIAL , LLEVA A CHINA A APOYAR LA MONEDA AUSTRALIANA YA QUE ES UNO DE SUS MAYORES CLIENTES Y APOYOS , POR LO QUE SI EL INDICE DEL DOLAR SE VE CASTIGADO PÒR LA INCERTIDUMBRE , CHINA APOYA A AUSTRALIA EL AUSSI VERA CIERTA RECUPERACION .
Long
by hmCap
GBPAUD READY TO PLUNGE - LIKELY PULLBACK WITHIN NEXT 24 HOURS NOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it... Ideally looking for this currency pair to enter a sell-off after potential news of the UK's GDP figures (output produced by the UK / economic growth / announced 9:30am UK time). With Italy and Germany recently heading into a recession, it is possible that the UK could be next to fall into one, causing the GBP to weaken. Additionally, the Brexit situation and business uncertainty should look to drive the UK economy weaker, making the GBP weaken. I feel there is time to make a perfect entry for a healthy profit and have drawn the potential support and resistance regions where I feel price should bounce around. Currently, I see this pair rallying till the figures are released. For this trade, I have placed a tight stop loss to make this a less risky trade in case it does start to rally in which case I can enter a new position. I am currently testing some new concepts for trading... Reasons for the GBP weakening: - Blaming Brexit uncertainty and slowing global growth, the central bank has cut its forecast for 2019 growth to 1.2% from 1.7%. This would be the weakest growth since the recession of 2009. - The BoE said it had seen further evidence that businesses were being cautious in the run-up to Brexit, including evidence from its own survey of firms. - As expected, interest rates remain unchanged at 0.75%, with the Monetary Policy Committee voting unanimously for no change in the base rate. Sterling fell against other currencies in response. - The BoE put the fall in growth down to a decline in business investment and housebuilding, as well as a halving of the growth rate in exports. - The BoE even sees a one-in-four chance of the economy slipping into recession in the second half of this year. If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
Short
by ShaunLeo35
Risk off for earnings season=> Here we are expressing a bearish view for earnings season next week via shorting AUDJPY. => After Apple missing badly, rightfully we should be concerned for the week ahead. There are many ingredients now in the pot cooking for the economic slowdown and here we can isolate Australia as the domestic story remains bearish. => The technical side of this trade is simple. Here we are selling resistance with targets at the middle of the range. => Good luck all those in live
Short
by ridethepig
1
Big Picture View on AUDUSDWe can see the impulse move to the downside on the left of the chart, indicated by the first pink arrow. Then there was a consolidation structure formation which completed 5 waves and broke to the downside. This indicates that we are in the second impulse move, indicated by the second pink arrow on the right. Based on the initial impulse length, we can expect a fall to around the 0.5600 mark which is still a long way down! Obviously this will not go in a straight line and there will be many trade opportunities on the way down on smaller time frames. Check out our trading signal service to get the exact entry, SL and TP levels for our trades. Happy Trading! Linton
Short
by Linton_White
Triangle broken...=> The ABCDE triangle has been in play since we bounced in 2015 and has now broken. => Remember these are levels that have been tested multiple times over the last 3 years and the break should therefore be viewed as imperative. => From a technical perspective the market has support at 1.048-1.047 and although this may trigger a period of consolidation as the volatility compresses it should be used as a opportunity to re-engage in further downside exposure. => This has the potential to as low as parity with a minimum flow towards the cycle lows. A very interesting one to track for 2019. => Best of luck to those looking for positions or already holding shorts...
Short
by ridethepig
AUDUSD daily review The Australian Dollar depreciated about 76 base points against the US Dollar on Friday. The decline was stopped by the lower boundary of an ascending channel pattern at 0.7160. Everything being equal, it is likely that the currency exchange rate regains some of its lost points within this session. The potential upside target will be near the monthly resistance level at 0.7244. However, the 50-and 100-hour simple moving averages at 0.7205 could prevent the AUD/USD currency pair from reaching the given target today.
by UnknownUnicorn890690