Australiandollar
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⏰.
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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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AUDCHF: Important Breakout & Very Bearish Pattern 🇦🇺🇨🇭
Take a look at a strong rejection from a key horizontal daily resistance on AUDCHF.
After a test of 0.5925 level the market dropped and violated a support line of a rising parallel channel.
Taking into consideration that the pair is trading in a long term bearish trend,
probabilities are high that the market will drop now.
Goals: 0.577 / 0.567
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EURJPY: Bearish Outlook After Massive Breakout 🇪🇺🇯🇵
EURJPY was consolidating within a horizontal trading range for the entire September.
The market finally dropped yesterday and successfully closed below the support of the range.
The broken support now turned into a strong resistance.
I will anticipate a bearish movement from that to 155.12 / 154.5
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AUDNZD - New Breakout ! 📉Hi Traders!
The AUDNZD Price Broke a Strong Daily Support Level (1.07720 - 1.07252).
Currently, This Support Level Becomes a New Resistance Level.
The Support Line is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 1.05800🎯
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AUDCHF: Reversing near the top of the Channel Down.AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5 Fibonacci level. All this while the 1D MACD is close to a Bearish Cross formation. Sell and target the bottom of the Channel Down over the -0.382 Fib (TP = 0.54500).
Prior idea:
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AUDNZD: Important Breakout & Bearish Outlook 🇦🇺🇳🇿
AUDNZD broke and closed below a solid horizontal supply area on a daily.
The broken structure turned into a resistance now.
The market will most likely keep falling.
Next goal - major weekly rising trend line.
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AUDUSD Sell due to rejection on Channel TopAUDUSD got rejection at the top of the medium term Channel Down and closed on the MA50 (4h) on Friday.
This is negating a Golden Cross on the (4h) time frame.
Trading Plan:
1. Sell on the opening market price.
Targets:
1. 0.63300 (Support 1).
Tips:
1. The MACD (4h) is on the verge of a Sell Cross, the same kind after the previous two Lower Highs on the Channel.
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Notes:
Past trading plan:
GBPAUD: Oversold and in need of a reaction.GBPAUD turned briefly oversold on the 1D technical timeframe (RSI = 30.322, MACD = -0.013, ADX = 62.269) while pricing a LLL at the bottom of the Channel Down and the S1 level. The latter in particular can attract considerable buying power to push it for a 1D MA50 and R1 Zone test. This will determine the trend onwards but on the short term following 6 weeks of downtrend, a reaction should be expected. TP = 1.93000.
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EURAUD: Breakout & Bearish Continuation 🇪🇺 🇦🇺
EURAUD broke and closed below a support of a horizontal trading range on a daily.
Taking into consideration the fact that the pair is trading in a minor bearish trend
since the middle of August, such a violation may signify the remaining strength
of the sellers.
I expect a bearish continuation to 1.6275
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AUDUSD Very strong buy on 1 month stretchAUDUSD has held the bottom of the 2+ year Channel Down for 7 weeks straight.
With the exception of September 2022 (fundamentals) such trading action initiated a rebound to the 1week MA50 at least.
This is therefore a very strong buy opportunity to target the 1week 50. If it closes a week over it, you can extend buying to a little under the 1week MA100.
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AUDNZD: These Support levels favor a rebound.AUDNZD is almost oversold on the 1D timeframe (RSI = 32.701, MACD = -0.002, ADX = 44.479) hitting yesterday the July 14th Low. The long term pattern started as a Channel Up but recently has switched to a Rectangle. The 1D RSI has been a Rectangle through the whole year and being on its bottom currently, calls for a buy. We are long, targeting the LH trendline (TP = 1.10000).
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AUDCHF Hit our bullish target. Now time to sell the Channel DownThe AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High:
The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the dotted Channel Down will be materialized, so the technical Lower High max extension is a little higher. The sell confirmation typically comes when the 1D MACD makes a Bearish Cross. Our target is a potential -9.10% extension at 0.54000.
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