Breakout above 1860 by FridayBeen ranging since the fall on January 6th. By Friday it will retest the current resistance trendline and breakout to retest 1880, quickly seceding and pushing back upwards to 1950 probably by next month, if not sooner.
D-AU
🔰 AUD/USD - Daily Update 🔰DM us for FREE lessons that will take your trading 30x
🔹 The next support from here is $1,800 — Any breakout below $1,850 will push Gold lower
🔹 The next resistance above $1,850 is $1,877 — any rejection from here will push it higher $1,920
🔰 AUD/USD - Daily Update 🔰Below 0.7640 AUDUSD will become bearish. Otherwise, AUDUSD should be bullish
🔹 The next support from here is 0.7640
Great Confluence HereExpect a bounce. We have some confluence
-bottom of the primary trend line
-.786 fib retracement
-200DMA
-RSI 20 (during the last 2 years, every time we got this low, there was a considerable bounce)
🔰 AUD/USD - Daily Outlook 🔰🔹 Below 0.7640 AUDUSD will become short-term to medium-term bearish
🔹 The next major support is the 0.7350 - 0.7400 Zone
Gold still rangebounddec 8, dec 21, and jan 6 saw highs, then a fall back to the trendline. if it does not fall under, we should see a rise back up to the previous 1961 high by the end of next week/beginning of the following week. shortterm still looks bullish asid from these occasional overnight megasells.
in terms of fundamentals, i think the next few weeks could see sideways or downside movement because of shortterm USD bullishness and the inauguration of biden, but that will dissipate pretty soon after with more extreme fiscal spending. a democrat congress and executive branch will be very bullish as any bill for higher minimum wage, UBI, infrastructure spending, mortgage forbearance, and new social programs will be able to scoot by without any backlash.
AUDUSD H4 AUDUSD H4
As u can see price in healthy uptrend, price is respecting 50 ema. I think price completed the swing to the top north which is indicated by the bearish engulfing candle. I believe there should retracement to the previous broken resistance which aligns with 50 EMA and look for how price reacts. If we get any buy signals candle stick patterns then we can enter.
AUDUSD
AUDUSD Weekly
On the weekly price is coming to the key level that was respected in the past. There might be a retracement for couple weeks after which price will complete ABCD pattern.
AUDUSD Daily
1.7650 Looks very important level to me. We should look how price is gonna react next week on this level. If price shows any signs of reversal, there is 250 pips room below that level which we can capture
AUDUSD H4
On this TF we can see a rising wedge pattern.
BUY AUDUSD "long term analysis"Ill wait for price to retrace down 0.74500 for a buy. it may be a short buy as price might go down further after it but you will make a bit..
🔰 AUD/USD - Daily Update 🔰🔹 Below 0.7530 AUDUSD will see the 0.7400 support
🔹 Above 0.7530 — resistance is 0.7640
AU Shorts next upSeeing bearish timeframe confluence from the weekly down to the 4H. Bearing pinbar forming around the .75611 resistance zone.
🔰 AUD/USD - Daily Outlook 🔰🔹 Above 0.7530 AUDUSD can visit the 0.7640 zone
🔹 Below 0.7530 the next support is 0.7400
AUD USD Short UpcomingPrice currently aproaching the recent swing high at .74011. Waiting for confirmation with EMA cross and a trend line break
AU to double within next 3-5 months?Looks like a nice channel here.
Especially when this one seems really underestimated among others in the industry.
But mind fundamentals, news and gold price.
Nevermind the technicals. The fundamental's are enough.Lets see...
If it rises to the top of the channel. That would give it a whopping P.E. of 14
Not bad considering earnings growth of 25%+ over the next 5 years
Also nice dividends...
Most of the miners should be bought on any and all dips...
Long/Buy AUD/USDQuick and simple analysis. Wait for rejection of the support before going long. Multiple rejections will indicate a reversal and an uptrend.
If support breaks and then retested-close out position. Keep stop loss at 30 pips below support.
EUR/AUD Is At a PIVOTAL Moment! EUR/AUD is again at a fascinating position. It is touching the super important 1.66 resistance once again.
If the price manages to break through this level we might see enormous gains in a very short period of time. During this pivotal moment we will have to keep a close eye on the price to see what happens.
If the bulls manage to break through the resistance it could be very interesting to go long. Similarly, if the bears are strong enough once again (just like they have been at least 8 times already), a short position will be the better option.
Since EUR/AUD doesn't move fast generally, we have the time to observe the price and wait for confirmation or rejection of the horizontal zone first.
I suggest to not enter a trade yet, but simply keep this pair on your watchlist and set a reminder for when the price crosses important levels. Such as the 1.67 level for the bullish breakout or the 1.64 level for the rejection.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
AUDUSD - WEEKLY OUTLOOKTECHNICAL POINTS:
Weekly Fib (white)
Daily Fib (blue)
4hr Fib (orange)
Weekly support
Daily resistance
4hr 200EMA
4hr 800EMA
Clear Downtrend on Daily
Clear Downtrend on 4hr
Buy Confirmation (1):
Break and close above Daily resistance, 4hr 61.8% fib, daily 23.6% fib
This would also break the lower high/lower low structure and negate the usual correction pullback to the 4hr 61.8% fib level.
Buy Confirmation (2):
Daily rejection of weekly support and fibs in that area creating a double bottom
Sell Confirmation:
Break of weekly support, fib levels and 4hr 800ema to target previous swing lows.
