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Australiandollar

AUDUSD: Hit the 1D MA50 and reboundingAUDUSD hit yesterday the 1D MA50 and today at least before Powell's speech, was staging a big rebound. That hit was also made at the bottom of the long term Channel Up started in November. With the 1D technicals neutral (RSI = 49.300, MACD = 0.004, ADX = 28.417), we see this as a good buy entry, targeting on the long term just under the R1 (TP = 0.71350). The short trigger is the 1D MA200, aiming at the top of S1 (TP = 0.66800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
9
📈 AUS200 Unstoppable 📈📈 AUS200 Unstoppable 📈 Nearest strong support zone: around the 0.786 level of the downward wave. 📈 Nearest strong resistance zone: around the 0.886 level of the downward wave. 📈 Technical environment: - Moving averages: Uptrend - MACD: Uptrend - RSI: Uptrend 📈 Price action: the AUS200 has been positively distinguishing itself from other stock indices for quite some time now by showing very strong upward momentum, we are getting higher day by day. In addition, we have broken through another resistance which will currently serve as support. It is very likely that on the wave of strong growths we will see the next resistance zone in the perspective of the coming days. 📈The scenario I am playing out is a continuation of the increases to the vicinity of the next resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 📈 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
PEPPERSTONE:AUS200Long
by InvestMate
5
AUDCHF Consider this buy break-out signalThe AUDCHF pair hit yesterday its 1D MA200 (orange trend-line) for the first time since September 05 2022. The key on the current price action is the weekly (1W) closing. In September it failed to close a 1W candle above the 1D MA200 and naturally it got rejected to the bottom the long-term Channel Down that it has been trading in since mid 2021. The current sequence is quite similar to the July 2021 - March 2022 fractal. The pair failed to close a week above the 1D MA200 during October 2021 and dropped back to the bottom of the Channel Down. In early March 2022 though, on the new 1D MA200 test, it succeeded at closing a week above it and the price soared eventually to the top (Lower Highs trend-line) of the Channel Down, just above the 1.236 Fibonacci extension level, completing a +10.60% rise. So naturally if we get that weekly closing above the 1D MA200 now, probabilities are with us to buy and target 0.6800, whihc is slightly below a +10.60 extension and the 1.236 Fib. As long as the price closes below it though, it remains a sell opportunity, towards at least the 1D MA50 (blue trend-line) on the short-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
AUDUSD Approaching a Resistance Cluster ahead of 1D Golden CrossThe AUDUSD pair is about to form a Golden Cross on the 1D time-frame (MA50 blue trend-line crossing above the MA200 orange trend-line), but is approaching the strongest long-term Resistance cluster. That consists of the 0.71400 August 11 2022 High and the 1W MA100 (red trend-line). Being also near the top (Higher Highs trend-line) of the mid-October Channel Up, with the 1W RSI also near its March 2022 Resistance, it is more likely to see a pull-back towards the 1D MA50/200 and the bottom of the Channel Up, which will be the new long-term buy opportunity, targeting the 0.72685 - 0.72845 Resistance Zone. Any break above that Zone without pulling back, will be a buy break-out signal, targeting the 0.76650 April 05 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
AUD/USD enters bullish trend before CPI release The Price Filter Indicator suggests that the AUD/USD has entered a bullish trend. The indicator has moved above the 0-line and turned green, which is a bullish signal with this indicator. This is the first time the indicator has entered green territory since April last year. The green surface area indicates that the trend reversal to the upside has momentum and could continue moving upwards. This idea of a possible uptrend reversal is supported by the price hovering above the 200 EMA on the daily chart. This breakout above the 200 EMA period happened during the first week of 2023, signaling that this might be a good sign for the pair in terms of buying position. With a current bullish bias, if AUD/USD closes above 0.69870, we might anticipate the price reaching 0.70600, filling out a previous wick's rejection. If the price has enough momentum in the upcoming days, we could expect the price to not only fill the wick to the left-hand side but also continue moving towards the 0.71200 area, which is the next possible resistance. On the other hand, if the pair fails to break and close above 0.69870 convincingly, the price may bounce around 0.7000 psychological resistance and the 0.68850 support level until major fundamental news appears to dictate which way AUD/USD heads in the following days. One such fundamental event will be the Q4 2022 Australian Inflation data due tomorrow (25/01/2023). The annual inflation rate jumped to 7.3% in Q3 of 2022 from 6.1% in Q2, beating expectations of 7.0%. Consensus forecasts for Q4 are for a modest rise to 7.4% or 7.5%, although some analysts are forecasting inflation to be 7.7% and above, pointing to recent data from UBS that showed supermarket prices rose an average 9.2% YoY in October-December 2022 up from the +8.2% recorded in the previous three months.
by BlackBull_Markets
AUDUSD Top-Down Analysis! (SHORT BIAS) Hello everyone! Hope you are all doing well! AU analysed for you! :) This pair looked very confusing recently to some people in a couple of servers/group chats i am apart of on Social Media! So, i thought of analysing it after one of my Tel channel members suggested me to.. AU is still very bullish, however, LTF and HTF is looking interesting for sells! I will be monitoring 4H and Daily TF for sells myself! Sit back and enjoy! Any questions? Just ask down below, or DM me! Take care! :)
Short
by NeddFx13
EURAUD: Bullish Continuation Ahead! Your Plan: 🇪🇺🇦🇺 I spotted 2 important breakouts on EURAUD on a daily chart: first, the price broke and closed above a neckline of a triple bottom formation, then, the market violated a resistance line of a falling wedge pattern. We see the retest of broken structures now. I expect a bullish wave next week. Goals: 1.578 / 1.5915 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
💵Australian Dollar/Japanese Yen💵Analyze (01/19/2023)!!!The Australian Dollar/Japanese Yen is enclosed between two zones of resistance and support and the line of the downtrend and uptrend lines. The Australian Dollar/Japanese Yen has reacted well every time it hits the downtrend and uptrend lines in the support and resistance zones. This time, the Australian Dollar/Japanese Yen was able to make a 🌅Morning Star Candlestick Pattern🌅 on the uptrend line too, and I expect the Australian Dollar/Japanese Yen to rise to the resistance zone again. We can also see Regular Divergence(RD+) between the price and RSI indicator. 🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY ) Daily Timeframe⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
6