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Australiandollar

AUDCAD - BROKEN CHANNEL📉Hey Traders👋🏻 The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔ Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure) Moreover, The Support Line of The Channel is Broken! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.88315🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Short
by Hsan_BenAhmed
4
AUDCAD: Classic Bearish Reversal Explained🇦🇺🇨🇦 AUDCAD reached a solid horizontal resistance last week. The market was steadily growing within a rising wedge pattern. After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge. Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement. Goals: 0.901 / 0.895 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
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