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Australiandollar

AUDCAD: 1D MA50 just confirmed a sell signal.AUDCAD is neutral on its 1D technical outlook (RSI = 47.833, MACD = 0.001, ADX = 20.919) as the price hit and remains on the 1D MA50. The long term pattern is a Channel Up that 3 weeks ago made the latest HH. The crossing under the 1D MA50 has confirmed the new bearish wave as the July 23rd January 5th 2024 crossings did. The 1D RSI is also on an identical correction. All pullback waves hit atleast the 0.618 Fibonacci level, which yet again is what you should be targeting (TP = 0.905500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
AUDUSD sellI was bullish in AUD USD last week but as i have observed the chart technically i am expecting a bearish move over the pair, AUD vs US dollar has made a move downward 👇 this week as far technical data is concerned the pair has made a falling wedge pattern a downward move is expected other confluence is 50 SMA , price is moving under the SMA which is another confluence for the price to be bearish we have observed the pair from Monthly to Weekly to Daily to H4 to H1 price is in bearish trend 📉
Short
by Wakeel_Saab
AUDJPY: Great long term bullish trade.AUDJPY is on excellent bullish levels on its 1D technical outlook (RSI = 60.728, MACD = 0.850, ADX = 48.315) which shows the steady bullish trend on the medium term but more importantly it just turned bullish on the 1W timeframe, showing the enourmous upside potential. And this is evident as the dominant pattern is a Channel Up since March 2020. The August low was a bottom exactly on the 1D MA50, the 1D RSI is making a bottom formation and the price action looks identical to the two prior bottoms of the Channel. The rallies they produced rose both by +27.00%. We expect a similar rebound (TP = 114.000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Are The Bulls Still Up To IT?On this pair, we see that the Weekly chart is ready to resume its long held bearishness. Over the past few days, we have witnessed prices rally all the way up (a Bullish retracement inside a bearish swing), driving prices into our marked out Weekly reversal zone. As expected, the zone held, and we began to see reversals, with prices turning bearish from that point. But the thing is this, that bullish retracement on the weekly came as a result of a bullish extension on the daily chart. The pertinent question before us now is whether or not the bulls of the daily chart will be able to come in strongly enough to contain the current bearish push and hold prices in a bullish trend. Here is my take. It is common knowledge that the lower time frames move in consonance with (in obedience to) the higher timeframes... lol (the word "obedience" got me laughing for a bit. But let's cyt back to the chase) Now we have seen the daily printing a bullish narrative. But we are all expected to believe that the bullish trend sustained by the daily has the primary intention and purpose of driving prices in the direction of the higher timeframe, which in this case is the weekly chart. We therefore believe that all of that bullish push was to drive prices into the Weekly reversal zone. With that being fulfilled, price is expected to move in the direction of the Weekly over and above the daily direction. This is the regular theory and philosophy of the forex market. But will that narrative hold sway this time around? We see prices now dipping bearish. This is an extension for the Weekly chart, and at the same time a retracement on the daily bullish swing. In the event that the Daily zone holds (which is less likely), we will expect to see prices reverse bullish, begin totally and move to take out Daily liquidity target above. This will result in a deeper retracement inside the Weekyl zone, or a complete breach of the zone. Where the zone is breached, we will look to see the market print higher prices and go all the way up. On the other hand, if the bearish perspective of the Weekly holds, we will expect to see the Daily zone breached, at which point we will expect prices to dip towards the weekly liquidity target below. So guys, who do you thing is gonna win the day, the Bulls of the Daily or the Bears of the Weekly? share your thoughts in the comment section
Short
by PanzyPips
AUDCHF Trade this rejection or break-outThe AUDCHF pair is now on its 1W MA50 (blue trend-line) having rebounding on the 1-year Support Zone. Even though the multi-year pattern is a Channel Down, we are low enough historically, having reached levels not seen since March 16 2020, that we may have to start considering a long-term reversal. As such, our trading plan is focused on a potential rejection or bullish break-out. Short near the top of the Channel Down for a potential Lower Highs trend-line rejection and target 0.56000 (Support Zone). If however the price breaks above the Lower Highs trend-line, take the loss on the short and buy, targeting the 1W MA200 (orange trend-line) at 0.63000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUDUSD: Top of Megaphone hit. Reversal expected.AUDUSD is almost overbought on its 1D technical outlook (RSI = 68.054, MACD = 0.006, ADX = 53.204) as the price reached the HH trendline at the top of the Megaphone pattern. The 1D MACD printed a sequence almost identical to the December 28th 2023 top, which soon after declined to the 0.5 Fibonacci level. Consequently, we take this as a strong sell signal, aiming at the 0.5 Fib (TP = 0.66500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURAUD Sell signalThe EURAUD pair gave us an excellent but signal last time (July 15, see chart below) as the price rallied straight after it, easily hitting our 1.64500 Target: The pair is already on the new Bearish Leg of the 1-year Channel Down and until the 1D RSI starts forming Higher Lows and waves a Bullish Divergence (like the two previous bottoms), we will remain bearish, targeting 1.59500 (bottom). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
GBPAUD Sell signal short-term.The GBPAUD pair is trading within a Channel Up since the start of the year, currently expanding its 2nd Bearish Leg of the pattern. The 1st pulled back marginally below the 0.618, before starting the new Bullish Leg. We are expecting the same level to be targeted at 1.92600. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUDNZD Waiting patiently for that sellThe AUDNZD pair gave us the ultimate sell signal last time (July 11, see chart below) on the 0.786 Fibonacci Channel level and easily hit our long-term 1.08000 Target: The recent 3-week rebound on its 1W MA200 (orange trend-line) is giving us another chance to open another low risk sell on the 0.618 Fibonacci level, similar to all previous Arc tops. Our Target will be the 0.236 Fib at 1.07900, which has been the most usual Support since 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
AUDUSD Any post-Fed spike will be a great sell opportunity.The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows. Ahead of today's Fed Rate Decision, we will welcome any short-term spike on high volatility to short (up to the top of the Resistance Zone) and target the Support Zone at 0.63750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
AUDCAD Excellent buy signal on the 1D MA200The AUDCAD pair gave us an excellent sell signal last time (July 08 2024, see chart below) and easily hit the 0.9000 Target: This time, we have an established Channel Up with two Higher Highs and three Higher Lows priced in already. We are currently on the new Bullish Leg following the rebound on the 1W MA200 (orange trend-line). As long as this holds, we will treat every touch on the 0.786 as a buy opportunity, similar to the Triple Bottom of March - April. That Bullish Leg marginally surpassed the -0.5 Fibonacci extension to print its Higher High, so our Target will be just below it at 0.94000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
AUD/USD Appreciates Amid US Data, Eyes Key Supply AreaThe AUD/USD pair saw an upward movement as recent US economic data increased expectations for a more aggressive Federal Reserve rate cut next week. Despite these gains, the market remains cautious, with the US Producer Price Index (PPI) rising above forecasts, largely driven by higher service costs. This inflationary uptick has complicated the outlook, as the Federal Reserve is still widely expected to deliver a 25-basis point interest rate cut at its September meeting. From a technical standpoint, the AUD/USD is approaching a critical supply area, which could trigger a potential pullback later today. This level has historically acted as resistance, and with fundamentals remaining largely unchanged ahead of Monday, traders should be wary of a possible reversal to retrace yesterday’s gains. The Commitment of Traders (COT) report provides further insight, showing that retail traders are still heavily long this week, while institutional or "smart money" remains bearish on the pair. This divergence between retail and institutional positioning strengthens the case for a near-term pullback as the pair approaches overbought conditions. While the fundamentals remain steady, with no major developments expected until next week’s Federal Reserve meeting, market participants are closely watching for signs of a reversal at the current technical levels. A pullback to recover the ground covered by yesterday’s candle is a scenario many traders are anticipating. However, with the Fed’s decision looming and mixed signals from the PPI data, volatility could remain high as the market navigates this critical period. ✅ Please share your thoughts about AUD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
AUDJPY Excellent long-term Buy Entry. Double Bottom may happen.The last signal we gave on the AUDJPY pair (July 02, see chart below) couldn't have a better timing as the price was rejected on the very same day just when it hit the Sell Zone and in 3 weeks hit the 101.000 Target: The price even broke below the 1W MA100 (green trend-line) but found Support exactly on the bottom of the 2.5 year Channel Up (on today's chart we made the necessary adjustments to fit the Higher Highs) and more importantly, the 1W MA200 (orange trend-line). Last week's rejected on the 1W MA50 (blue trend-line), serves as a reminder that a Double Bottom might be required before the Channel Up confirms the start of the new Bullish Leg. At least this is what happened on the March 20 2023 and November 29 2021 Lows (we had a 1W MA50 rejection for 5 straight months during February 2023). As a result, another touch of the 1W RSI on its 3-year Buy Zone will confirm the new long-term uptrend and we will turn bullish, targeting 114.000 (+26.70% rise, similar to the last two Bullish Legs). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Head and Shoulders Pattern on AUD/USD On the AUD/USD chart, we are seeing a clear Head and Shoulders pattern , which is a strong indication of a potential bearish reversal. This pattern consists of three peaks, with the middle peak (the "Head") being the highest, and the two smaller peaks (the "Shoulders") on either side. Key Points: Left Shoulder: Formed , marking the first peak before the minor decline. Head: The highest peak , indicating the strongest upward move before the market turned lower. Right Shoulder: The second smaller peak has formed, suggesting the bearish momentum is resuming. Neckline: The neckline, which connects the two troughs. A break below this line would confirm the bearish reversal pattern.
Short
by rebenga93
8