Hi Australian data (weak GDP, RBA below hawkish expectations and Retail sales overnight) plus short term chart are against the bulls. If we add negative sentiment during the New York session (still 2 hours and anything can happen there), we do have good ground for short positions; Selling rallies towards 77.55 / 75 Stop above 77.95 Target 76.15 Good luck
EURAUD on the monthly chart has been moving inside a channel. On the weekly chart market after the retracement till the weekly resistance has turn down and looking fot a test of the weekly support and the the dynamic trendline (red) . On the 4h timeframe after the break of the structure (yellow) we see a string of red candle without any green one so being monday...
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Ascending Trendline. . 🔸It has broken the previous lower high. . 🔸Right now it is on a consolidation, which we consider that will have a bullish breakout. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART ANALYSIS:
AUDNZD reached a key daily horizontal structure. pullback from that will be highly probable. on 4h/1h the price stopped falling and formed an inverted head and shoulders pattern. I am waiting for a 1H candle close above the yellow neckline to buy the pair. target levels: 1.087 1.0895
Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support at 77.13 if price breaks below downside confirmation at 77.61. MACD is also indicating more bearishness to come.
AUDUSD is facing bearish pressure from its resistance at 0.73449 where it could potentially drop further to 0.72758. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/JPY has broke the key support of this triangle located at 78.015. I expect the price from current price to drop about 45 pips, which is my T ake profit . Place your stop loss above the downtrend line of the descending triangle. Tibor.
A strong trendline with multiple tests has broken to the downside for the Kiwi Should follow the Aussie Dollar (my previous post, up +70 pips on the the Head and Shoulders + trendline break) into this bearish territory Can be involved on the break, wait for a retest, or go to the lower timeframes for a bearish chart pattern entry signal Manage your risk
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Main items we can see on the chart: a) The price is above an ascending trendline b) Currently, we can see a corrective structure (this type of structure tends to have a bullish resolution) c) The corrective structure is supported on a relevant level d) If the price breaks above the corrective structure we expect a bullish resolution towards the next level
Price is testing a key support level where a break below this level could open room for a further downside, Stochastic is facing bearish pressure from our resistance as well.
Price is testing a key support level where a break below this level could open room for a further downside, Stochastic is facing bearish pressure from our resistance as well.
A break below our downside confirmation at 0.73449 where it could potentially drop further to 0.72758. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDNZD is seeing more downside in the near term! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Until next time, see ya!
AUDNZD on the weekly chart hit the important psychological level around 1.10 and got sharply rejected. Price couldn’t break the level and started a slow retracement waiting for the bulls to come back. At the moment on the daily chart price is testing a support on a daily resistance. IF the market will manage to break and close below it, at the retest of the...