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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Australiandollar
🦘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.
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🦘AUD/USD There Will Be No Increases🦘🦘AUD/USD There Will Be No Increases
🦘Looking at the behaviour of AUD/USD in recent weeks, I get the feeling that the correction of these increases may be deeper than what we have currently seen.
🦘Watching at how hard the price has tried to rise around 0.68 I get the impression that a descent to around the 0.5 fibo level is very likely at the current time.
🦘Based at the technical situation, given that the MACD ora RSI is leaning towards a downtrend scenario my concerns about a decline are quickly neutralised.
🦘The scenario I am playing out is a continuation of the decline to reach the vicinity of the support zone. I do not 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.🚀
💵Australian Dollar/Canadian Dollar 💵 Analyze (12/21/2022)!!! The Australian Dollar/Canadian Dollar is running near the support zone, and also we can see the Regular Divergence (RD+) between the Price and RSI indicator.
I expect the Australian Dollar/Canadian Dollar to go up to the resistance zone.
🔅Australian Dollar/ Canadian Dollar ( AUDCAD ) 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.
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AUD/USD Mid Termafter rally 6 weeks and now breakdown consolidation channel, now AU trying to find the support zone based on Fibbo retracement (0.382 or 0.50).
beside that, there is bearish divergence too at 4H TF which indicates that the price will start a correction. maybe until EOM price still consolidation at range 0.6723 - 0.6675.
💵Australian Dollar/U.S.Dollar💵 Analyze (Short term,12/21/2022)Australian Dollar/U.S.Dollar made a bearish AB=CD harmonic pattern near the PRZ(Price Reversal Zone) and trend line.
I expect the Australian Dollar/U.S.Dollar will go down to the support zone at least.
🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Timeframe 15min⏰
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/Japanese Yen💵Analyze (9/28/2022)!!!Australian Dollar/Japanese Yen is making Expanding Flat(3-3-5), and now it is running in microwave 3 of main wave C.
I expect Australian Dollar/Japanese goes down to the target that I showed you in my chart.
🔅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.
AUDUSD aiming lower within the Bearish MegaphoneThe AUDUSD pair eventually turned bullish following our previous analysis as it broke above the 1D MA50 (blue trend-line) and as we mentioned, it targeted the June 03 Lower Highs trend-line (dashed) and the 1D MA200 (orange trend-line):
A closing above this trend-line will target the flat May 05 Resistance Zone. Until then, selling is favored as also shown by the 1D RSI sequence which repeats a very distinct pattern, showing that we are about to start the leg down. However it would be safer to do so upon confirmation, which can be given if the price breaks below the 1D MA50 again. In that case, our target will be the zone of the previous Low (0.62000) and the 1.236 Fibonacci extension (0.6000).
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🦘AUD/USD Declines On The Horizon🦘🦘AUD/USD Declines On The Horizon
🦘As I wrote recently about declines:
🦘My scenario has not changed since then.
🦘I still believe we still have plenty of space for declines from current levels.
🦘A resistance zone defined by the 0.5 wave from the covid bottom to the 2021 peak.
🦘Still holding the price against further increases.
🦘Support zone remains unchanged.
🦘Looking at the MACD and RSI technical environment I have no doubts for a continuation of the downward movement.
🦘The scenario I am playing out is a continuation of the decline with the support zone being reached. 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.🚀
EURAUD IDEA HELLO GUYS THIS MY IDEA 💡ABOUT EURAUD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
AUDCAD a new downtrendAUDCAD Has Bounced off a strong supply zone, breaking 2 trend lines and printing a new price below the previous lower high to make the first lower low in the new downtrend,
we might see a retest at 0.92070 and then continue downwards at 0.90035.
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GBPAUD: Your Trading Plan 🇬🇧🇦🇺
GBPAUD is trading within a wide horizontal trading range on 4H.
The price is currently coiling around its resistance.
To short with a confirmation, watch 1.8128 - 1.8166 area.
It is a neckline of a double top pattern.
We need a 4H candle close below that to confirm its breakout.
Short aggressively or on a retest then.
Goals will be 1.808 / 1.803
If the price sets a new high though, the setup will become invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
AUDUSD 15 MIN TIME FRAME HELLO GUYS THIS MY IDEA 💡ABOUT AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
InvestMate|AUD/USD Finally Declines🦘🦘AUD/USD Finally Declines
🦘The falls on AUD/USD that we have all been waiting for so long have finally arrived.
🦘The decline came from around the resistance zone.
🦘Determined by the 0.382 level of the entire 2021-2022 fall wave.
🦘This is where the strongest resistance is currently located.
🦘The price has not had the strength to continue its movement for several weeks now, as could be seen from the accumulation that was taking place.
🦘The key moment for the price decline was the FED's decision to raise interest rates by 50 basis points, which provoked investors to buy the dollar.
🦘We are currently at an interesting level, which in my opinion could hold the price for some time.
🦘But I see it ultimately at the support zone I have identified.
🦘This is based on a cluster of two fibo levels. The first 0.382 of the entire upward wave from the bottom. The second 0.236 of the 2021-2022 wave.
🦘Looking at the MACD and the RSI, it looks like the way is open for declines.
🦘Also, we have pierced the 50-period moving average.
🦘The scenario I'm playing out is a continuation of the declines to around the 0.66 level. 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.🚀
AUDJPY: Your Trading Plan 🇦🇺🇯🇵
Update for AUDJPY.
The price was nicely rejected from a resistance line of a falling parallel channel on a daily.
To short with a confirmation, pay close attention to 92.4 - 92.55 area.
It is a neckline of a head and shoulders pattern that I spotted on 4H.
Wait for its bearish breakout (4H candle close below), sell aggressively or on a retest then.
Goals will be 91.9 / 91.3
If the price sets a new high, the setup will become invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
💵Australian Dollar/New Zealand Dollar 💵Analyze (12/07/2022)!!!The Australian Dollar/New Zealand Dollar is running near the support zone and lower line of the main ascending channel.
Also, it seems the Australian Dollar/New Zealand Dollar completed the 5 impulsive waves.
I expect the Australian Dollar/New Zealand Dollar will grow up at least to the upper line of descending channel.
🔅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.
InvestMate|AUD/USD Next Wave of Declines?🦘🦘AUD/USD Next Wave of Declines?
🦘Post is a direct continuation of my previous post on AUD/USD:
🦘The scenario remains unchanged. I still think we are in for another wave of declines.
🦘Looking at the bounce from the 0.618 level only confirms me in my assumptions.
🦘 There is a support zone ahead that I didn't mention before.
🦘It has been determined by a cluster of two levels. The first is 0.236 of the first downward wave from the current peak. The second level is 0.618 of the wave from the 2001 bottom to the 2008 peak.
🦘It is likely that there will be a reaction at this level but the main target remains the lower support zone set out in the previous post.
🦘The resistance zone that I think will hold the price is around 0.682 and was determined by a cluster of two fibo levels. The first is 0.786 of the first downward wave. The second level is 0.236 of the entire downward wave from the 2011 peak to the covid bottom.
🦘Looking at indicators such as MACD and RSI they clearly support my downward perspective.
🦘The scenario I'm playing out is a continuation of the decline to the lower support zone but I don't exclude the possibility of a slight rebound or price stopping at the first support zone. 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.🚀