RBA Decision: Can Bulls Break 0.6900? The U.S. Federal Reserve's decision to slash interest rates by half a percentage point this week has intensified scrutiny on the Reserve Bank of Australia (RBA), which will hold its policy meeting next week. Making a RBA’s interest rate cut less likely in the short term: Australia's labor market delivered...
ICMARKETS:AUDCAD kinda a risky trade but just for learning, it is not mandatory to take all trades, some can be analyzed just to observe and learn.
GBP/AUD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.96072 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.96958 Why we like it: There is a pullback resistance...
The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows. Ahead of today's Fed Rate Decision, we will welcome any short-term...
AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level which is a pullback resistance. Pivot: 95.59 1st Support: 94.20 1st Resistance: 97.52 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....
ICMARKETS:EURAUD We are looking to enter towards the double bottom range and from there we will aim for the Strong High range, SL is kept at a certain price point to let the trade breathe, let's hope for the best.
ICMARKETS:GBPAUD is showing a bearish setup through the analysis of Bell Curve & basic FVG points, please keep upcoming news in mind, best thing to go for is short on this currency (short term). SL is tight but be aware of liquidity wick.
Hey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.08900 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08900 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67700 zone, AUDUSD is in a correction phase in which it is approaching the resistance line at the 0.67700 area. We would also like to consider the Dollar seasonality as September was a decent month for the Dollar through the history. Trade safe, Joe.
AUD/CHF has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 0.56618 1st Support: 0.56153 1st Resistance: 0.57866 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....
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67300 support and resistance area. Trade safe, Joe.
KRAKEN:AUDUSD we can long from the FVG point on the 5m towards the first target of negative order block and the second target of weak high. SL accordingly.
The AUDCAD pair gave us an excellent sell signal last time (July 08 2024, see chart below) and easily hit the 0.9000 Target: This time, we have an established Channel Up with two Higher Highs and three Higher Lows priced in already. We are currently on the new Bullish Leg following the rebound on the 1W MA200 (orange trend-line). As long as this holds, we...
The AUD/USD pair saw an upward movement as recent US economic data increased expectations for a more aggressive Federal Reserve rate cut next week. Despite these gains, the market remains cautious, with the US Producer Price Index (PPI) rising above forecasts, largely driven by higher service costs. This inflationary uptick has complicated the outlook, as the...
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.90900 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.90900 support and resistance zone. Trade safe, Joe.
AUD/CHF is rising towards the resistance level which is an overlap resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.57456 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Stop loss: 0.56131 Why we like it: There is a pullback...
The Aussie (AUD/USD) is rising towards the pivot which is an overlap resistance and could drop to the 1st support. Pivot: 0.6758 1st Support: 0.6684 1st Resistance: 0.6813 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...