Hello everyone, here is the top-down analysis for EURAUD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Usd/Jpy price is around 106.00 range. Broke Monthly Level and finally came back to revisit that level. Previous Daily closed as rejection. Forecast is Usd weakness & yen strength. Rejection of 71% Fib Level. EMA 20 resistance on a Daily Time Frame. Closed below 20 EMA on a lower time frame. Counter trendline 1 hr? Us News at 5:15 am PST Non-farm Payroll. News 7 &...
on DAILY: as expected, price rejected our blue support and traded higher, and it is now retesting our upper green resistance so we will be looking for objective sell setups on lower timeframes as price approaches it. on H4: we are currently holding a buy after a momentum break above the last swing that formed around our upper red trendline. on H1: this one is...
on DAILY: EURAUD is sitting around a resistance zone so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward, then a bullish movement would be expected. on M30: EURAUD is forming a channel in blue (not valid yet) so we are waiting for a new swing to form around it to consider it our last swing and enter sell on its...
AUDCAD formed a valid 3 confluences setup: 1- Head and Shoulders Pattern 2- Objective Trendline (in blue) 3- Divergence on MACD (in red) our trigger would be a momentum candle close below our gray neckline.