GBPAUD The key is the 1D MA50The GBPAUD pair is consolidating around the 1D MA200 (orange trend-line) after almost a 1 month non-stop fall (since December 21). The next Support level is at 1.73500 and if broken we will extend selling towards the 0.786 Fibonacci level at 1.6878. Then reverse to long-term buying targeting 1.8600 (below the -0.236 Fib and the Higher Highs trend-line).
If however the price breaks above the 1D MA50 (blue trend-line) first, we will abandon selling and take the buy break-out instead, having the same 1.8600 target.
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Australiandollar
AUDUSD: Technical Outlook & Trading Plan 🇦🇺🇺🇸
AUDUSD is approaching a key daily structure resistance.
To catch a pullback from that, watch a 4H time frame.
I spotted a rising wedge pattern there.
Wait for a bearish breakout of its support (4h candle close below).
It will most likely initiate a correctional movement.
Goals will be 0.6925 / 0.6888
Alternatively, a bullish breakout of the underlined blue zone will push the market higher.
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AUDNZD Sell below the 1D MA200, buy above it.We will keep following a successful for us pattern on the AUDNZD pair, which two months ago helped us take a huge sell:
As you see on the chart above, as the price was failing to break the 1D MA50 (blue trend-line), it got strongly sold just below 1.05000. The past 3 weeks, the pair has been rallying back above the 1D MA50 and is approaching the 1D MA200 (orange trend-line).
Using the old 2021 fractal, we expect a pull-back to at least 1.06270 as long as the price fails on the 0.5 Fibonacci and 1D MA200 Resistance Zone. A closing above it though, would be a long-term buy, in which case a Bullish Cross on the 1W time-frame would confirm.
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AUDNZD: Bullish Outlook 🇦🇺🇳🇿
AUDNZD was testing 1.085 - 1.088 resistance since the beginning of January.
The price set multiple equal highs on that.
Yesterday, the market finally managed to violate the underlined area.
It will most likely push the market to new highs.
The next goal for buyers 1.099
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🦘 AUD/USD Marking Up Price Before Falling 🦘🦘 AUD/USD Marking Up Price Before Falling.
🦘 Nearest strong support zone: around the 0.382 level of the entire upward wave.
🦘 Nearest strong resistance zone: around the recent highs.
🦘 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend (Divergence)
- RSI: Downtrend (Divergence)
- Supertrend: Uptrend
🦘 Price action: the AUD/USD today pushed price near the 0.7 level on the back of the US CPI inflation data, which was exactly what the market is expecting (6.5%). We are currently in a resistance zone from which I expect a downward reaction. Looking at the candlestick formations, it does not look to me like a strong trend continuation.
🦘 The scenario I'm playing is to wait for the start of a decline to join in. 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.
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AUDCHF: Morning Scalping 🇦🇺🇨🇭
This morning, I opened a short trade on AUDCHF.
Reason: the price reached a key daily resistance and broke a support line of a rising channel on 1H.
Trade is opened on a retest.
Goals: 0.642 / 0.64
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🥇 AUD/USD End of The Uptrend? 🥇🥇 AUD/USD End of The Uptrend?
🥇 Nearest strong support zone: around the 0.382 level of the entire upward wave.
🥇 Nearest strong resistance zone: around recent highs.
🥇 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend (Divergence)
- RSI: Downtrend (Divergence)
- Supertrend: Uptrend
🥇 Price action: AUD/USD is clearly struggling to rise, this could be seen from the perspective of the last two weeks, in which the price repeatedly attempted to rise but was just as quickly knocked down. I don't think we will find in the current price situation an opportunity to break out new highs, a downward correction seems more likely at the current moment.
🥇 The scenario I play out is the start of a downward correction to the vicinity of support zones. 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.
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Tracking the China reopening basket: HSI, Copper, KRW and AUDSince early November, when China initially hinted at lifting statewide Covid restrictions, a basket tracking assets linked to the Chinese reopening story has surged by 22%.
In the last 11 weeks, the China reopening basket, which is equally weighted with copper , Korean won , Australian dollar , and the Hang Seng index , has outperformed a global stock market (MSCI ACWI index) benchmark considerably.
The China reopening portfolio has gained 22.3% versus a 6.8% gain of the MSCI All-Country World index since November 1st. Because the total volatility of the China reopening basket has been lower (19.2% compared to 21.8%), the Sharpe ratio has been even more positively skewed (9.61 vs 1.89).
The Hang Seng index, which has climbed by 45% since November, has been the portfolio's best contributor with a weighted return of 11%, followed by copper with a weighted return of 5.3%.
💵Australian Dollar/Swiss Franc💵 Analyze(Short term,01/11/2023)Since the Regular Divergence (RD-) was seen in the Australian Dollar/Swiss Franc, it lost its uptrend line and completed the pullback to this line.
I expect the Australian Dollar/Swiss Franc to decline at least to the support zone.
🔅Australian Dollar/ Swiss Franc ( AUDCHF ) Timeframe 1H⏰.
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
💵Australian Dollar/New Zealand Dollar 💵Analyze (01/10/2023)!!!Australian Dollar/New Zealand Dollar was able to break the support zone, and we are watching a pullback to this zone.
I expect Australian Dollar/New Zealand Dollar will go down at least to the next support zone.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD ) Timeframe 1H⏰.
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.
🦘 AUD/USD Ready to Break Out 🦘 🦘 AUD/USD Ready to Break Out
🦘 Nearest strong support zone: around 0.67 level 0.382 fibo of the entire downward wave.
🦘 Nearest strong resistance zone: around 0.69 level 0.5 fibo of the entire downward wave.
🦘 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
🦘 Price action: AUD/USD does not give up, every attempt to beat the price ends with a very quick buying reaction, we have repeatedly tested the support zone marked on the chart and each time sooner or later the price returned to continue the uptrend. Looking at the bigger picture, it looks to me that after the October bottom we have currently formed a very strong uptrend. On which the occurrence of any deeper correction borders on a miracle. The Australian dollar stands out very positively against other currencies, we have a repeat of 2020 in which, after the covid low, capital from the US dollar migrated to smaller currencies such as the Australian dollar. In my opinion, there is a good chance for a continuation of the uptrend and a breakthrough of the support zone we are currently at.
🦘 The scenario I am playing out is a continuation of the uptrend given the local resistance that lies ahead. 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.
🚀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.🚀
💵Australian Dollar/New Zealand Dollar 💵Analyze (12/23/2022)!!!After the Australian Dollar/New Zealand Dollar was able to break out of its descending channel, it has taken an upward trend.
This upward trend can go up to the zones I marked in the chart.
Currently, the Australian Dollar/New Zealand Dollar has broken the resistance zone and pulled back and is growing towards my targets.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD ) Timeframe 4H⏰.
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.
💵British Pound/Australian Dollar💵 Analyze(12/23/2022)!!!
The British Pound/Australian Dollar lost its ascending channel and also completed its pullback.
I expect the British Pound/Australian will go down to 🎯targets🎯 that I specified in my chart.
🔅British Pound/Australian Dollar Analyze ( GBPAUD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position that 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.
AUDCAD Target achieved. Double Top turning long-term bearish.The AUDCAD pair has gone a long way since our latest analysis and bullish call upon a 1D MA50 (blue trend-line) break-out, hitting all of our targets to the upside:
In fact, our long-term buy that targeted the 1W MA300 (red trend-line) was executed perfectly exactly at the bottom as you can see on this September 20 idea:
With the price almost touching the 1W MA300 but more importantly getting rejected on the April 20 2021 Lower Highs trend-line and making Higher Highs Double top on the 0.786 Fibonacci retracement level, we are closing all buy positions and instead reversing to long-term sells on the AUDCAD pair. The very same 1W RSI Bearish Divergence (which is on Lower Highs as opposed to the Higher Highs of the price) was also formed on the previous top on April 05 2022. Notice also that that top was formed slightly after a 1D Golden Cross formation. We just had the same Golden Cross 3 days ago.
Our short-term target is the 1D MA50 (blue trend-line) and a break below the 1D MA200 (orange trend-line) calls for further selling extension towards the 0.86000 Low. For as long as the long-term Bearish Megaphone pattern holds, the -0.382 Fib extension would be the Lower Low goal.
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🦘 AUD/USD Ready to Break Out Higher 🦘🦘 AUD/USD Ready to Break Out Higher.
🦘 Nearest strong support zone: around the fibo level 0.618 of the wave from the local peak to the bottom.
🦘 Nearest strong resistance zone: around the fibo level 1.272 of the downward wave from the local peak to the bottom.
🦘 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
🦘 Price action: strong breakout after making a correction to the vicinity of the fibo level 0.236. Probable continuation of the uptrend.
🦘 The scenario I am playing out is the continuation of the uptrend after the execution of the downward correction. 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.
🚀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.🚀
💵Australian Dollar/U.S.Dollar💵 Analyze (01/02/2023)!!!Australian Dollar/U.S.Dollar is making a rising wedge pattern near the resistance zone.
When I saw the hanging man candlestick pattern near the upper line of the rising wedge (also some other tips), I opened a short position with RR=2.00 & 5.68.
I expect the Australian Dollar/U.S.Dollar will go down at least to the lower line of the rising wedge pattern (RR=2.00).
🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Timeframe 4H⏰.
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.
AUDJPY No confirmed buy signal yet. Mind this sell level.The AUDJPY pair has been on a 1 week rise (since the December 20 low) after it (almost) hit the 1W MA100 (red trend-line), which is the long-term Support line November 04 2020. This is not a confirmed buy signal yet as the price remains below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) which formed nine days ago a Death Cross pattern (technically bearish).
A similar 1D Death Cross, in terms of candle action, has been formed on August 20 2021. AUDJPY had again made a low and started to rebound but (following a 1D MA200 rejection) it only turned bullish after the Lower Highs trend-line from the previous Top broke. That is again our buy confirmation level and we will buy only above this level, targeting (as in 2021) the 98.720 Resistance.
On the other hand, a break below the 1W MA100 and even more so the (dotted) Higher Lows Zone, would be a sell signal, targeting the 2021 Support Zone, which is made of a cluster of Support levels through that year.
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🦘AUD/USD As I Said🦘🦘AUD/USD As I Said.
🦘As I wrote yesterday about a likely attack on the resistance zone:
🦘I was not wrong.
🦘The attack of the resistance zone was followed by a very quick reaction of sellers.
🦘I believe that an opportunity to attack the support zone determined by the fibo level of 0.5 of the entire upward wave from the bottom has opened up in front of us.
🦘Taking into account the technical environment and the fact of divergence on MACD and RSI which generates pro-downtrend signals. I have no doubts about the validity of my perspective.
🦘The scenario I am playing out is the continuation of declines to the vicinity of the support 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.🚀