AUDUSD to see a temporary move lower?AUDUSD - 24h expiry
The primary trend remains bullish.
A lower correction is expected.
The hourly chart technicals suggests further downside before the uptrend returns.
Preferred trade is to buy on dips.
Bespoke support is located at 0.6670.
We look to Buy at 0.6670 (stop at 0.6646)
Our profit targets will be 0.6730 and 0.6745
Resistance: 0.6710 / 0.6730 / 0.6750
Support: 0.6670 / 0.6650 / 0.6630
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
D-AUD
Pullback support ahead for the Aussie?The price is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6677
Why we like it:
There is a pullback support level which is slightly below the 61.8% Fibonacci retracement.
Stop loss: 0.6642
Why we like it:
There is a pullback support level which aligns with the 88% Fibonacci retracement.
Take profit: 0.6722
Why we like it:
There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDUSD: Bullish Indices And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66600 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66600 support and resistance area.
We would also like to consider the current bullish bias on indices, due to the positive correlation AUDUSD can benefit from that. Gold is also bullish
Trade safe, Joe.
AUDCAD: Bullish Stocks and Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.91550 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91550 support and resistance area.
Trade safe, Joe.
Potential bearish drop?GBP/AUD has reacted off the pivot and could drop to the pullback support.
Pivot: 1.93431
1st Support: 1.92473
1st Resistance: 1.93909
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?AUD/JPY has just reacted off the pivot and could potentially rise to the pullback resistance.
Pivot: 104.87
1st Support: 103.96
1st Resistance: 105.90
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDCHF Channel Up intact. This pull-back is a buy opportunity.The AUDCHF pair is on the 3rd straight day of a strong short-term pull-back and just touched the 1D MA50 (blue trend-line) for the first time in almost 3 weeks. The long-term bullish trend remains intact though as the dominant structure is a 7-month Channel Up.
As long as the 1D MA200 (orange trend-line) holds, we will remain bullish, targeting 0.62250 (+6.20% Bullish Leg, similar to the previous two).
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Falling towards 38.2% Fibonacci support?AUD/CAD is falling towards the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.91753
Why we like it:
There is an overlap support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.91495
Why we like it:
There is an overlap support that is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.92388
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?AUD/USD has reacted off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise to our take profit.
Entry: 0.6712
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
Stop loss: 0.6675
Why we like it:
There is a pullback support level.
Take profit: 0.6761
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish bounce?AUD/JPY is reacting off the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 106.65
1st Support: 107.83
1st Resistance: 107.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD Channel Down bottom = Buy opportunityThe EURAUD pair has been consolidating sideways for almost 3 weeks following the June 26 Low. Even though this is not near the bottom (Lower Lows trend-line) of the long-term (blue) Channel Down, the fact that it is being formed while the 1D RSI is on Higher Lows, indicates a Bullish Divergence.
The last such Divergence occurred on December 25 2023, when the pair formed the previous Lower Low (bottom). As a result, this is an opportunity to go long and target 1.64500 (+3.40% as the initial rise of the previous Bullish Leg).
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AUDUSD D1 - Short from 0.6900AUDUSD D1
Another setup here which involves the USD. We had previously been looking to catch longs from this 0.67 handle price. We pulled back somewhat on the H4, but not quite enough to trigger our 0.67 alerts. As we start the fresh trading week, we are extended higher, with targets on that 0.69 handle.
AUDUSD could be offering a monster 200 point trading range here. From 0.67 to 0,69, with lots of void in between. Therefore fairly fast paced, directional trading for this instrument (typically a bit rare due to AU's slow trading nature).
GBPAUD Hit our previous target, now sets course for 1.87250.The GBPAUD pair is trading almost exactly as we expected it to on our most recent analysis (June 04, see chart below), as after an initial rise, it got rejected on the Lower Highs Zone and declined to hit the 1.89100 Support (which was our Target) again:
It is at the moment on a rebound, which according to the October - November 2023 fractal that we believe is replicating, should be the last before a final test on the 1-year Higher Lows trend-line.
As a result, we will sell again after a 1D MA200 (orange trend-line) test, and target 1.87250 (Higher Lows trend-line).
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Bullish bounce?AUD/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6712
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss: 0.6675
Why we like it:
There is a pullback support level.
Take profit: 0.6789
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDNZD Two levels to sell for the long-term.The AUDNZD pair gave us a strong sell-and-buy double signal last time (June 03, see chart below):
However it did manage to invalidate the Symmetrical Resistance Zone sell bias and even broke yesterday above Resistance 2 (1.108600), which has been holding since February 20 2023.
In order to make sense of this move, it is best to view it on the wider 1W time-frame. As long as the 1W candle is closing below Resistance 2, then the action remains a sell, targeting 1.08000 (0.236 Fibonacci level).
If the 1W candle closes above Resistance 2, we will take the loss immediately and sell at the top of the Channel Up with the same Target (1.08000).
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Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.60815
Why we like it:
There is a a pullback resistance level which aligns with the 127.2% Fibonacci extension.
Stop loss: 0.60992
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 0.60287
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD/CAD has a strong bullish momentum, could it rise further?Price is falling towards the support level which is an overlap support that aligns with the 38.2%% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.91509
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.91142
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.92096
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPAUD to remain mixed and volatile?GBPAUD - 24h expiry
The primary trend remains bearish.
Intraday signals are mixed.
A higher correction is expected.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9070.
We look to Sell at 1.9070 (stop at 1.9102)
Our profit targets will be 1.8925 and 1.8905
Resistance: 1.9070 / 1.9100 / 1.9150
Support: 1.9010 / 1.8960 / 1.8910
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDUSDHello Traders,
Aussie in the weekly chart has broke the long-term channel. It is starting a bullish move now!
But we might see a reversal soon or late.
The daily cart is overbought in a bullish channel! Again another reason to be bearish
Regarding the current time frame! the trend line should be broken and the level of 0.67000 should be touched, then we we'll start searching for bearish order blocks or zones to short the pair!
AUD/USD Faces Potential Reversal: Key Supply Zones in FocusDespite a backdrop of improved risk aversion on Monday, the Australian Dollar (AUD) appreciated, bolstered by domestic economic factors. Persistent high inflation, robust Retail Sales, and a strong Services PMI have provided support to the AUD, leading the Reserve Bank of Australia (RBA) to delay potential rate cuts. However, this upward momentum is tempered by renewed demand for the US Dollar (USD), which puts pressure on the AUD/USD pair.
The USD's outlook is complicated by recent US employment data. While Nonfarm Payrolls (NFP) for June exceeded market expectations, the growth rate was slower compared to May's increase. Additionally, the Unemployment Rate edged higher in June. These indicators suggest that the Federal Reserve (Fed) might face pressure to consider reducing interest rates sooner than anticipated, which could weigh on the USD.
In our analysis, the AUD/USD price is nearing a significant area marked by recent Supply zones, where we anticipate a potential price reversal. These zones are critical as they align with historical trends; over the past two years, the AUD has typically started a bearish trend around this time of year. This seasonal pattern, combined with the technical presence of Supply zones, informs our strategy to look for a short setup.
In conclusion, the Australian Dollar's recent appreciation is supported by strong domestic economic indicators, but the potential for a bearish reversal looms. The combination of Supply zones and historical seasonality trends points to a possible downturn. We will be closely monitoring these factors to execute a well-timed short trade.
✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
AUDCAD Sell signal emerging on a 3.5-year Resistance!The AUDCAD pair just hit on the week's opening the Lower Highs trend-line that was first initiated on February 22 2021. As the 1W RSI is just below its own 3.5-year Resistance Zone, the first strong long-term sell opportunity flashes.
Check below how the last AUDCAD analysis (May 29, see chart below) provided an excellent buy opportunity:
The more short-term pattern though since the September 25 2023 Double Bottom is a Channel Up and it is close to pricing its new Higher High. This is just above the 3.5 year Lower Highs trend-line, so we give the sell signal this much tolerance level for some deviation.
Our Target on the medium-term is 0.9000 (Support Zone 1, similar symmetry to the previous Higher Low on Support Zone 2).
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