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Australiandollar

AUDCHF: Sell as it approaches the 1D MA200.AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200. As the RSI is about to cross into the overbought territory (over 70.000) and the price is approaching the 1D MA200 for the first time since January 27th, start selling. The minimum decline from a LH has been -7.50%, giving us a target of TP = 0.575500. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
6
EURAUD: May experience a long term trend shiftEURAUD is touching at the moment the bottom of the Channel Up pattern that has been in place for 10 months. The 1D time frame is technically almost oversold (RSI = 32.980, MACD = -0.011, ADX = 36.222) with the RSI in particular last time it was that low was in July 28th 2022. If the price doesn't rebound on the current level, we expect a test of the 1D MA200. In that case, we may see a long term trend shift from the Channel Up to a newly formed Channel Down, which on the next rebound near the 1D MA50, will give us a low risk sell entry targeted at S2 (TP = 1.52650). If the price closes a 1D candle over the 0.5 Fibonacci level, we will buy the Channel Down break out and target the Resistance (TP = 1.67850). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
GBPAUD: Getting rejected on the 1D MA50. Potentially a very bearGBPAUD crossed under the 1D MA50 three days ago for the first time in three and a half months and today upon a retest as Resistance it is initially failing. With the 1D timeframe technically neutral (RSI = 45.941, MACD = 0.001, ADX = 27.184), if the price gets rejected then selling should transition into the 1W timeframe as well and start testing the lower Support levels. The HL trendline is in between, so you may sell after it breaks if you want. The first target is S1 (TP1 = 1.84000) and the second is S3 (TP2 = 1.815000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
AUD USD - FUNDAMENTAL ANALYSIS2023-2024 Exchange Rate Forecasts From MUFG Growth Concerns hamper Commodity Currencies MUFG notes important uncertainty over the outlook for Reserve Bank of Australia (RBA) policy. On balance it expects that the RBA will not hike rates again. As far as the currency is concerned, it adds; “We continue to see AUD/USD moving higher but assume underperformance relative to core G10 as growth globally and in Australia remains challenging.” MUFG notes that the government and Reserve Bank of New Zealand have revised their GDP forecasts and no longer expect a recession, but is doubtful whether the upgrade is justified. It adds; “These conditions imply the government and the RBNZ’s GDP forecasts could be unrealistic. NZD/USD gains as the dollar weakens could be curtailed as aggressive monetary tightening hits growth.” MUFG expects that weaker risk conditions will hamper the Canadian dollar with forecasts of USD/CAD declines based on US weakness rather than Canadian currency gains.
Long
by thunderpips
AUDNZD: Turning into a sell as it approached the Channel's top.AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over. Consequently, we turn bearish ourselves, targeting the bottom of the Channel Up (TP = 1.062500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
14
AUDJPY Double Sell SignalThe AUDJPY pair has been trading within a Channel Down pattern since the October 21 2022 High. Supported by the 1D MA50 (blue trend-line), it not only entered yesterday the Resistance Zone of December 13, but also reached the top (Lower Highs trend-line) of the Channel Down. This is a Double Sell signal and as long as candles close below it, we will be selling towards Support 1 and the bottom (Lower Lows trend-line) of the Channel Down at 85.100. If a 1D candle closes above the Resistance Zone, we will continue buying for a short-while and target Resistance 2 (95.750). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUDUSD: Trading Plan For Next Week 🇦🇺🇺🇸 AUDUSD is testing a solid horizontal supply area on a daily. To catch a bearish movement from that with a confirmation, watch a horizontal range on 1H time frame. If the price breaks and closes below the support of the range on 1H, I will expect a bearish continuation. Next goal will be 0.656. Remember, that if the price breaks and closes above the resistance of the range, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
9
AUDCAD: Buy short term and sell at the top of the Channel.AUDCAD is on a strong bullish reversal as the price made a new LL at the bottom of the Channel Down. The 1D time frame is still technically bearish (RSI = 41.867, MACD = -0.004, ADX = 60.849) and it won't start providing sell signals before it turns neutral at least. We will buy on the current market price and target the 1D MA50 (TP1 = 0.897500). On the 1D MA50 we will reverse to selling again, initially targeting S1 (TP2 = 0.878500) and if it gives a candle close under it, then we will extend selling to S2 (TP3 = 0..866300). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
18
AUDUSD New bullish leg started inside the Channel DownAUDUSD made today the first strong green (1d) candle in a long time as it touched and rebounded at the bottom of the Channel Down. This is the new bullish leg that should aim to fill the new Lower High. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.67000 (3.70% rise from the bottom as the previous bullish leg). Tips: 1. The RSI (1d) crossed above its MA line, same with March 13th. That was a day after the bottom of the Channel Down at the time and the start of the new bullish leg. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
4
AUDUSD Channel Down approaching its bottom. Time your buy.The AUDUSD pair is trading within a Channel Down pattern since the February 14 High and currently is close to completing the Bearish Leg to the new Lower Low. Our target is 0.64000, just above Support 1, where we will turn bullish again. The 1D RSI below 30.00 will be the ideal buy signal. The buy's target will be 0.66250, always below the 1D MA100 (green trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
8
AUDJPY: Rejection on 1D MA200 and Channel's Top. Sell.AUDJPY has now had two rejections in less than a week on the 1D MA200, which is also at the top of the six month Channel Down pattern. The 1D technicals have already turned neutral (RSI = 50.136, MACD = 0.500, ADX = 19.362), the 1D RSI has been trading sideways inside a Rectangle while the price was on HH/ HL, which indicates a Bearish Divergence and the confirmation for a complete bearish reversal will come if the price crosses under the 1D MA50. This is technically the bearish leg to the new LL of the Channel Down. We are targeting the S3 (TP = 86.050). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5