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GBPAUD - 1D - Range Breakout and Bull Run?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPAUD Time frame: 1D First of all, the break out, You will see that GBPAUD was hitting support each time and bouncing. We then got a break out of the wedge in the last two weeks and a significant move away from it. You will see that the 50MA (red) is about to come and cross back above the 200MA (blue) which indicates a move higher. If you look down to the MACD you will also see it has now crossed over well above the centre line and will stay here for the next week or so before making another move. I am buying this pair until it hits the first target which is previous support and resistance.
Long
by SocialTrading
1
EURAUD - 1D - Euro Looks Bullish Across Most PairsIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: EURAUD Time frame: 1D Looking at EURAUD alongside other Euro pairs we are getting a general theme of bullishness. There are two formations going on here, the first being a trending channel (shaded in orange) which is being respected so far. You will then notice there is a narrowing range where the highs are statying at the same level, but the lows keep getting higher. This seems to be putting a lot of pressure to the upside and is the reason I am still expecting a break out to the upside.
Long
by SocialTrading
AUSSIE AUSSIE AUSSIE Australia200 Long RR3.72Hello, lets look at Australia 200. Critical Zone: 5640 ~70 There has not been much action for Australia 200 this year. With this type of condition, if we stick to the plan, we can all make consistent profits until the pattern ends. As Chinese economy stalls, we will expect to see Australian market stabilizes. As we can see on the chart, since February 2017, Australia 200 has been trading in two ranges 1) 5670 to 5790 (120pips) 2) 5790 to 5950 (160pips) the second range only lasted less than two months, for the following three months, AUS200 have been trading between the 5640/ 5790 (150pips)range . As we speak, Australia 200 is trading at 5665, it is now a good opportunity to enter and target 5785 (120pips), SL at 5617 (48pips) 1:2.4RR Thank you for reading. Happy trading
OANDA:AU200AUDLong
by Profito
1
A positive outlook for the Aussie/Yen pairThe AUD/JPY continues to climb as expected in my prior analysis An uptrend in AUDJPY . A r(0.946) linear regression that started in October suggests that the Aussie will continue to gain ground against the Japanese yen (green arrows). Note that stochastic analysis is just entered the 20-80 zone suggesting that the trend may be over if a series of lower-highs start to appear. --- "Letting losses run is the most serious mistake made by most investors." - William O’Neil
Long
by adelriosantiago
AUDNZD BULLS READY FOR A BIG MOVE! ITS SHOWTIME!The chart tells it all. I have been waiting since weeks for this move to happen. Wait for a retracement to 1.0380/70 and place your stop at 1.0330 and let the market do its work. If you are more conservative, wait for the wedge break higher and enter on retest. Trail the market higher and give it some breathing room. 1.0750 and 1.10 would be targets, even a move towards 1.12 or 1.16 is possible but you have to keep an eye on fundamental developments, rate decisions,chinese economy development etc. for now 1.0750 seems legit as a first step. Best of luck.
Long
by IamJeanPaul
2
Aussie Long-Term SHORT PlaySince 2011, the Aussie has been steadily declining. Heavy price action has been highlighted above in green, and as recently as early 2016, we can see a strong resistance level around .7659 . Not only does DailyFX cite that the Aussie remains in a downtrend, a quick google search on "Australian economy slowing down" (and limiting to past 30 day results only) yields some fundamental concerns. News headlines titled "Australian economy 2016: 'Worst economic performance since GFC", "Australian economic growth looks set to slow sharply", and "Australia economy retracts for 1st time in 5 years" are among the results. With these fundamental concerns taken into consideration, I believe a long term play is appropriate. Taking a conservative approach, a safe stop loss order at .75675, a take profit order at .72930, will give us a 1.38 risk/reward ratio. The aim is 159 pip profit.
Short
by brandonlz2017