EURAUD: Bearish Setup & Forecast 🇪🇺 🇦🇺
EURAUD formed a tiny cup and handle pattern, after a test of a strong
intraday horizontal resistance.
Because the global sentiment is bearish,
probabilities will be high, that the price will keep falling.
Goals: 1.6486 / 1.6465
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Australiandollar
AUDCAD: Bullish Signals Ahead of Fundamentals 🇦🇺🇨🇦
AUDCAD nicely respected a 4h confluence zone
based on a horizontal intraday support and 0.5 retracement of the last bullish impulse.
The price formed a double bottom formation on an hourly time frame
and broke its neckline to the upside.
We can expect a bullish continuation now.
Goals: 0.888 / 0.890
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AUDJPY Buy the pull-back.The AUDJPY pair is trading within a Channel Up pattern that is currently rising on the 1D MA50 (blue trend-line). A recently formed Bullish Cross on the 1D MA50, calls for a potential short-term pull-back similar to the August 24 MACD Bullish Cross. We will wait for that opportunity near the 1D MA200 and buy, targeting Resistance 1 at 97.675.
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AUDCHF - New Breakout 📈Hello Traders !
On Friday 20 October, The AUDCHF Price Reached A Daily Support Level (0.56345 - 0.56070).
Currently, The Price Failed To Create a New Lower Low.
The Last Lower High is Broken (Change of Character).
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.58100🎯
AUDUSD: Top-Down Analysis & Bearish Outlook Explained 🇦🇺🇺🇸
Take a look at AUDUSD.
The pair is trading in a bearish trend.
The price sets new lower highs, respecting a falling trend line on a daily.
After its last test, the price formed a double top formation on that on an hourly time frame.
Its neckline breakout leaves a strong bearish intraday clue.
I expect a bearish movement to 0.6345 / 0.6335
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AUDCAD Best sell entry of the last 3 months!The AUDCAD pair is trading inside a Channel Down for the whole year.
Today it hit the 1day MA100 for the first time in 3 months.
After March 24th, all 1day MA100 tests have ended with huge price rejections.
The lowest bearish sequence has been -3.14% and the highest -4.68%.
Sell now and target 0.8515 (-3.14% decline).
Previous chart:
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AUDUSD Buy confirmed if the 1D MA50 breaks.The AUDUSD pair has been trading within a Channel Down pattern since February 02. Yesterday it hit again Support 1 (0.62885) for the 3rd time in October and held it. The first hit was also on the Diverging Lower Lows trend-line of the Channel Down and even though there is still room before it hits the hard bottom of the pattern, the Bullish Divergence (Higher Lows) on the 1D RSI in the past 2 months, indicates that this is already a strong buying candidate.
If a 1D candle closes above the 1D MA50 (blue trend-line), something we haven't seen since July 31 2023, buying will be confirmed. Our target it at least the 0.5 Fibonacci retracement level at 0.66000. The June 16 rebound even hit the 0.618 Fibonacci retracement level, which currently is above the 1D MA200 (orange trend-line), a key long-term Resistance.
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AUDJPY Solid short signal.AUDJPY is on a 1-2-3 pattern like the one in July, currently on the 3rd led down.
This is basically resembling Descending Triangle pattern. One last bearish leg to give before it breaks upwards.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 94.000 (Support A).
Tips:
1. The RSI (1d) patterns between the two sequences are also similar both inside Channel Down formations. This also points to a bearish leg next.
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AUDUSD : Bearish Move 📉
Hi Traders !
As We Talked in The Previous Analysis:
The AUDUSD Price Formed a Head and Shoulders Pattern.
The Neckline is Broken.
The Support Line is Broken.
The Price Created a Correction and Touched The Neckline
and Now it Will Continue its Bearish Movement
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TARGET: 0.62100🎯
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AUDUSD will go Up soon(⏰(4-Hour)⏰🏃♂️ AUDUSD is running in 🟡 Price Reversal Zones(PRZ) 🟡 and near the Important Support line and Support line .
💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys .
🔔I expect AUDUSD will go UP at least to the Resistance line(2) .
Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is my idea, and I will be glad to see your ideas in this post.
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AUDCAD: Time to Short 🇦🇺🇨🇦
Here is a classic example of a top-down confirmation setup:
after a breakout of a key support on a daily, AUDCAD retested that.
The price was steadily growing within a bearish flag formation.
The text of structure triggered a strong bearish reaction
and the price violated a support of the flag.
It confirms the strength of the sellers and a highly probable bearish continuation.
Goals: 0.859 / 0.8576
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GBPAUD: Bearish Setup Explained 🇬🇧🇦🇺
GBPAUD looks quite overbought to me.
We see a clear sign of strength of the sellers with a breakout of
a neckline of a double top formation and a violation of a support line of a rising wedge.
I expect a retracement to 1.92445
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AUDJPY Sell pattern after Lower High rejection.The AUDJPY pair is testing the 1day MA50 today having formed Lower Highs since the June 19th peak.
If the 1day MA50 breaks, the MA200 should be put up for testing but it is more likely to test the July 28th Low as the same weak pattern did in 2022.
Sell and target 92.000 (over the 0.5 Fibonacci level).
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AUDCHF - Bearish Move 📉
Hello Traders !
On 29 Friday September, The AUDCHF Price Reached A Resistance Level (0.59166 - 0.59294).
Currently, The Price Failed To Create a New Higher High.
The Last Higher High is Broken (Break of Structure).
The Support Line is Broken.
So, I Expect a Bearish Move📉.
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TARGET: 0.57420🎯
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AUDCHF - Break of Structure 📉Hello Traders!
On 29 Friday September, The AUDCHF Price Reached A Resistance Level (0.59166 - 0.59294).
Currently, The Price Failed To Create a New Higher High.
The Last Higher High is Broken (Break of Structure).
The Support Line is Broken.
So, I Expect a Bearish Move📉.
i'm waiting for retest...
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TARGET: 0.56750🎯
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